January 24th 2010, www.sundaytimes.lk
A US $100 million project to produce the largest ever cement silos in the country commenced early this month in Colombo, according to officials.
“About two weeks ago the construction of the plant at D.R. Wijewardena Mawatha, in Colombo for the joint venture between Lanka Cement Ltd. (LCL) and the UK based AML products Ltd began,” Sisira Paranagama, Chairman LCL told the Business Times.
He noted that production in this plant which is on a one acre land will commence by the end of the year, while the expected output for a month is 10,000 metric tones of silos. “This is only for the first stage. We plan to enhance the capacity in the medium term,” he added. Mr. Paranagama noted that the silos will especially be used for Uthuru Wasanthaya - the Northern development programme which aims to develop the North and the East.
“Road development, canals and bridge building will be concentrated at first (in the Northern development) with the initial production from this plant,” he said, explaining that this project will facilitate a large cost savings to businessmen in Colombo and the North.
“This is mainly because we can price this product at a concessionary rate. We will decide the price when the production begins, depending on the macro situation at the time, but it will be priced at a lower rate than the price (at the time),” he said.
Showing posts with label Lanka Cement. Show all posts
Showing posts with label Lanka Cement. Show all posts
24 January 2010
05 November 2009
Sri Lanka Holcim to Bid for Jaffna Cement Plant Tomorrow
05th November 2009, www.lankabusinessonline.com, By Jayantha Kovilagodage
The Sri Lanka unit of Swiss-based Holcim to bid for Jaffna cement plant tomorrow Nov 05, 2009. Holcim said it would enter the bidding process to build a joint venture cement plant with state-run Sri Lanka Cement Corporation in the northern Jaffna peninsular.
Holcim Sri Lanka chairman Manilal Fernando said in a telephone interview from Dubai that fir
m's board of directors had cleared the move and a proposal would be submitted to the government tomorrow.
Sri Lanka's Jaffna peninsular has large deposits of high quality limestone.
Last month, the island's ministry of industries called for expressions of interest to build a cement plant with 1.6 million tonnes a year capacity with the government holding a 51 percent stake.
The plant was destroyed during a 30-year war with Tamil Tiger separatists that ended in May.
There is also another plant, which is partially intact in the peninsular belonging to Lanka Cement, a listed state-run firm.
Holcim owns Sri Lanka's only integrated cement making plant in the northwest Puttalam area and also operates a grinding plant in Galle, in the south of the country.
The Sri Lanka unit of Swiss-based Holcim to bid for Jaffna cement plant tomorrow Nov 05, 2009. Holcim said it would enter the bidding process to build a joint venture cement plant with state-run Sri Lanka Cement Corporation in the northern Jaffna peninsular.
Holcim Sri Lanka chairman Manilal Fernando said in a telephone interview from Dubai that fir
m's board of directors had cleared the move and a proposal would be submitted to the government tomorrow.Sri Lanka's Jaffna peninsular has large deposits of high quality limestone.
Last month, the island's ministry of industries called for expressions of interest to build a cement plant with 1.6 million tonnes a year capacity with the government holding a 51 percent stake.
The plant was destroyed during a 30-year war with Tamil Tiger separatists that ended in May.
There is also another plant, which is partially intact in the peninsular belonging to Lanka Cement, a listed state-run firm.
Holcim owns Sri Lanka's only integrated cement making plant in the northwest Puttalam area and also operates a grinding plant in Galle, in the south of the country.
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