| Cement Market News |
The Vision Corporation
Kankasanthurai cement factory to reopen soon
23 April 2009,
Moves are under-way to reopen the Kankasanthurai Cement factory as a step to cater to the local
cement demand, Lanka Cement Limited Chairman Sisira Paranagama had revealed. He said a
sustainable solution could be found for the prevailing cement shortage in the market and stable
cement prices too could be maintained. He said nearly 3,000 job opportunities could be
generated with the opening of the factory. He had further added that priority will be given to the
unemployed youth in Jaffna in providing jobs.
The renovation work on the factory will be conducted under the guidance of Industrial
Development Minister Kumara Welgama on President Mahinda Rajapaksa's instructions,
Paranagama added. He recently visited the site with several other engineers to observe the
feasibility of reopening the factory. Paranagama said India, Italy, and Germany are also keen to
assist the move.
He said a bag of cement is sold at Rs. 750. After reopening the factory, the price could decrease
to Rs. 500. Paranagama said Kankasanthurai has the largest lime stone deposit in the region. A
huge sum spent on cement imports could be saved with the reopening of the factory, he added.
Even though the factory had been closed for nearly two decades, the machinery is in good
condition and can be used for production, he added. (CDN)
23 April 2009,
Moves are under-way to reopen the Kankasanthurai Cement factory as a step to cater to the local
cement demand, Lanka Cement Limited Chairman Sisira Paranagama had revealed. He said a
sustainable solution could be found for the prevailing cement shortage in the market and stable
cement prices too could be maintained. He said nearly 3,000 job opportunities could be
generated with the opening of the factory. He had further added that priority will be given to the
unemployed youth in Jaffna in providing jobs.
The renovation work on the factory will be conducted under the guidance of Industrial
Development Minister Kumara Welgama on President Mahinda Rajapaksa's instructions,
Paranagama added. He recently visited the site with several other engineers to observe the
feasibility of reopening the factory. Paranagama said India, Italy, and Germany are also keen to
assist the move.
He said a bag of cement is sold at Rs. 750. After reopening the factory, the price could decrease
to Rs. 500. Paranagama said Kankasanthurai has the largest lime stone deposit in the region. A
huge sum spent on cement imports could be saved with the reopening of the factory, he added.
Even though the factory had been closed for nearly two decades, the machinery is in good
condition and can be used for production, he added. (CDN)
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