October 8: Scraps at Udayapur Cement Industries, which were supposed to be auctioned, are yet to be sold and has taken a huge space of the company.

The company which was established with a financial support of Rs 7 billion from the Japanese government, has scraps worth Rs 40 million on its premises. The company has been forced to bear huge financial loss as  the scraps which are scheduled to be auctioned have been piled up in its junkyard.

Many of the machineries, vehicles, and other modern equipment brought to Nepal from Japan have now become defunct.   Those equipment and machineries are now piled up in the junkyard of the company.

There are around five dozen expensive vehicles on the company premises, which are unused since a very long time.  Scraps which are worth in Rs 3 to 20 million can be re-used again after repairing.

According to Mahesh Kafle, acting general manager of the industry, scraps are piled up in the junkyard as the industry is waiting for the government’s permission for auction.

“It is very hard to get materials for repairing the old equipment. Scraps worth Rs 40 million are in the junkyard of the industry,” he informed.

There is very less information about how many vehicles were brought to Nepal from the help of Japanese government.