IME Group has launched Nepal’s first fibre cement board manufacturing industry, Everest Fibre Cement Board Pvt. Ltd., established in Rautahat with an investment of around Rs. 1.5 arba.
Kathmandu — Everest Fibre Cement Board Pvt. Ltd., established under the investment of Nepal’s leading business house, IME Group, is being officially inaugurated today. The industry, set up in Fatuwa Bijaypur of Rautahat with an investment of around Rs. 1.5 arba, is Nepal’s first enterprise dedicated to manufacturing high-quality fibre cement boards.
The inauguration ceremony is being held virtually from Hotel Radisson in Kathmandu and will be jointly officiated by Damodar Bhandari, Minister for Industry, Commerce and Supplies, and Chandra Prasad Dhakal, Chairman of IME Group.
IME Group, which has a diverse investment portfolio in remittance, banking, insurance, tourism, hydropower, and information technology, has now stepped into the manufacturing sector. The group had earlier launched Nepal Pulp and Paper Industries, and Everest Fibre Cement Board is its second venture in the productive industry space.
According to Chairman Dhakal, the plant uses local resources and raw materials sourced within Nepal. It is expected to make a significant contribution towards self-reliance by supporting import substitution, generating employment, and promoting domestic production.
The facility is fully automated and equipped with modern technology. It has a daily production capacity of 3,500 boards. The boards will be produced in standard dimensions of 4 feet by 8 feet, with thickness ranging from 4mm to 30mm. The company states that the boards are flexible, fire-resistant, and weather-resistant.
Managing Director Pradeep Pandit emphasized that there is no compromise on quality. He shared that the company will produce boards in different varieties and densities. These fibre cement boards can be used for external walls, partitions, false ceilings, modular kitchens, eco-panels, and more.
One of the unique advantages of using fibre cement boards is that they allow for quick construction — homes can be built in just 10–15 days without the need for bricks or plaster. This method is not only faster and more cost-effective but also sustainable, making it particularly useful for post-disaster reconstruction. Since the boards don’t require plastering or painting, both time and expenses are significantly reduced.
The industry prioritizes local employment. Currently, around 200 people are directly or indirectly involved in the project, with over 98% being local workers and more than 40% women. Most women are engaged in processing and packaging roles.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
