LCEM. Price up after few weeks.....

CSE-Daham · 1 LCEM. Price up after few weeks..... Wed Sep 28, 2011 5:53 pm

CSE-Daham

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LCEM. Price up after few weeks.....
What will be future?

wsaman · 2 Re: LCEM. Price up after few weeks..... Wed Sep 28, 2011 7:25 pm

wsaman

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Sri Lanka :KKS cement factory soon

Sept 28, 2011 (LBT) - Sri Lanka's listed Lanka Cement PLC is planning to resume operations at the Kankesanthurai (KKS) Cement Factory with private sector investments by next year, after the current renovation work is completed said, the Chairman Sisira Jinendra Paranagama.

The State Resources and Investment Promotion Ministry seeks private sector investors for this venture. The Sri Lanka Cement Corporation has already commenced restoring the KKS Cement Factory while taking action to assess the quality of the stock of clinker available within its premises.

The Cement Corporation Chairman Sisira Jinendra Paranagama said that the Corporation was currently looking at several options to resume cement production.

The factory ceased operations in 1990 due to the conflict.

The Cement Corporation had imported 36,260 metric tons of ordinary Portland cement in 2010 under the 'Kankesan' brand and sold at prices below market prices to supply quality cement at affordable prices.

Lanka Cement PLC is already in the process of building a 25-storey office and shopping complex in Kollupitiya, an upmarket commercial suburb in Colombo.

The planned property project is valued at about 5.0 billion rupees.