By A Staff Reporter,Kathmandu, Mar. 29: Litmus Industries Limited has inaugurated Nepal’s first aluminum rod manufacturing plant as part of its new initiative, Litmus 2.0.
The production plant in Ramgram, Hakui of Nawalparasi, will help in reducing the import of aluminum rods, the company said in a statement.
A furnace firing ceremony was held on Wednesday to mark the launch of the production.
Currently, Nepal imports aluminum rods to meet the growing demand in the wires, cables, and conductors sector. “The establishment of this plant will significantly reduce import dependency by ensuring a steady and high-quality supply of aluminum rods within the country. By localising production, Litmus Industries aims to help decrease Nepal’s trade deficit and retain valuable revenue within the national economy,” read the statement.
The company also said that the plant is expected to develop skills and technical expertise in Nepal’s aluminum and electrical industries.
It termed the industrial initiative a major achievement for Litmus Industries Limited as well as a strategic milestone for the nation’s manufacturing sector.
By promoting local production and industrialisation, this initiative is poised to attract both domestic and foreign investments, further strengthening Nepal’s economic stability, it said.