KKS cement factory to be revived

KKS cement factory to be revived

One of Sri Lanka’s well known post-independent manufacturing legends is returning to life as broad consensus was clinched for its revival in Jaffna on Monday.

Northern MPs have welcomed the revival of the defunct Kankesanthurai Cement Factory (KCF), at Kankesanthurai.

Industry and Commerce Minister Rishad Bathiudeen has received support from area MPs at a meeting at the Jaffna District Secretariat.

Lanka Cement factory at Kankasanturai (KKS Factory) was a pioneering northern industrial development project that commenced in 1950 under the Department of Industries and was converted to a Public Corporation in 1956, being named as Kankesan Cement Works.

Previously, UAE-based Ras Al Khaimah Cement Company (RAKCC) expressed interest in reviving the Kankesanthurai Cement Factory with a US$ 100 million investment.

In 2011/12, a high level decision was taken to amalgamate Sri Lanka Cement Corporation (SLCC) with Lanka Cement Limited (LCL). SLCC and LCL were jointly planning to resume bagging operations at Kankesanthurai factory.

Minister Bathiudeen assured the revived KCF process would be different.”We have to install all the machines from scratch. From the very start, we plan to do it with international standards. We will revive it with environment friendly, latest cement manufacturing technologies.”


http://dailynews.lk/?q=2016/04/28/business/80054

KKS factory to be revived soon with foreign investment



The 66 year-old Kankesanturai Cement Corporation (KCC), which suspended production after the Sri Lanka Army took over the land and buildings with the escalation of the war in 1990, is to be revived soon, a senior official said. Established in 1950 – at the time as the only cement factory in South Asia, the KCC is to be re-started with an investment of Rs. 1,500 million with plans to recover the investment in 15 years at 8 per cent profit, according to Reyyaz M. Salley, Executive Director, Sri Lanka Cement Corporation (SLCC).
He said that serious discussions are underway to get foreign investors from Singapore, India, Malaysia and also from the United Arab Emirates. Such discussions to find foreign investors were also held during the earlier regime.  He said that more recently they also had discussions on this matter with the Pakistan Government. Pakistan, he said is interested to set up a grinding mill in Hambantota to grind limestone, pack them and distribute. Today’s requirement of cement in the country is met by 70 per cent imports and the balance produced in Sri Lanka by Holcim (Lanka) Ltd and Tokyo Cement.
He stressed that if the KKS cement factory is revived a big chunk of cement imports – limiting imports to a total of 60 per cent of demand – could be reduced and as a result foreign exchange in the range of US$13 million could be saved, annually.Mr. Salley told the Business Times that they are struggling for survival now with no sufficient funds to pay the salary bill of the small number now employed. He said that in 1983 when the production was found to be insufficient to meet the cement requirements of the country, the SLCC was floated to supplement the requirements. But in 1990 with the occupation of the SLA and declaring the corporation area as high security zone all production at KKS was stopped. Even now it is in the same position, Mr. Salley pointed out.
Today 27 companies import cement to the country, he said and pointed out that the 27 companies import around 15,680 metric tons, per month.
He said that they had discussions with C. V. Wigneswaran, Chief Minister, Northern Province on the revival plans of the KCC and latter has given his consent. Mr. Salley also indicated that they had discussions with Ruwan Wijewardene, Deputy Minister of Defence on getting the KKS cement factory land back. Mr. Salley said that the machinery fitted in to the KKS factory was in running condition though they stopped functioning for years. But the armed forces who occupied the factory premises have stripped this machinery into pieces and sold it as scrap iron for meagre sums.

He said that they had discussions with C. V. Wigneswaran, Chief Minister, Northern Province on the revival plans of the KCC and latter has given his consent.

 

ඕං වැඩේ.
දැන් හම් බන්තොට අරින ෆැක්ටරියට දකුණෙ එක්කෙනාගෙන අවසර ගත්ත කතාවක් නෑ. අනිත් පලාත් වල හදන ෆැක්ටරි වලට ඒ ඒ අයගෙන් කැමැත්ත ඉල්ලන්නෙ නෑ.
ලංකාවෙ සිමෙන්ති ෆැක්ටරිය උතුරෙ නැවත හදන්න එහෙ ලොක්කගෙන් අහල හා කියල​.  
මේක හැදුවට පස්සෙ මෙහෙට එන එක කොට්ටෙකින් කීයක්  කප්පන් ඕන කියයිද දන්නෙ නෑ.

මේ සමස්ථ ආයෝජන  කතාව අනුව (1.5 billion LKR) අද කොටසක වටිනාකමට අමුතු වටිනාකමක් එක් වෙන්නෙ නෑ.  
ෆැක්ටරියෙ ගන්න දෙයක් නැති නිසා .
ආයෝජනයට හුණු ගල් නිධි සහිත බිම් අයිතිය තමයි වටිනා දේකට එක් වෙන්නෙ රජය පැත්තෙන් .

නමුත් දැනට මෙම සමාගමේ පොත් අනුව බිම අයිතිය නෑ.  Fixed assets LCEM = Machinery, furniture, tools, Building, heavy equipt. , vehicles.

 දැනට ඇති කොටස් ප්‍රමාණයේ වෙනසක් නොකර බිමේ අයිතියත් මේ සමාගමට එක් කලොත් නම් කොටසක වටිනාකම දැනට ඇති කොටස් මිලියන් 175 අනුව ගණන් හදා ගන්න පුලුවන්.

කෙසේ උනත් මෙම සමාගමම නව ආයෝජනය සඳහා යොදා ගන්නේද  (50% ට වැඩි වන ලෙස මෙහි නව කොටස් විදෙස් ආයෝජකයාට නිකුත් කිරීමෙන්) නැත්නම් එය විදෙස් ආයෝජකයාගේ දේශීය විකිණුම් ආයතනය ලෙස පවත්වාගෙන යාවිද නැත්නම් රජයේ ආයෝජන කොටස් හිමියා ලෙස නව සමාගමකට එක් වේවිද යන්න බැලිය යුතුයි.
මේ ක්‍රමයන් අනුව මෙහි වත්මන් කොටස් වල වටිනාකම වෙනස් වෙනු ඇත​.

Mr. Salley said that the machinery fitted in to the KKS factory was in running condition though they stopped functioning for years. But the armed forces who occupied the factory premises have stripped this machinery into pieces and sold it as scrap iron for meagre sums.

Now this is half truth or hiding some facts deliberately.

LTTE first attacked KKS Cement on 5th July 1983 and took away exploder machinery.

Then LTTE launched a major attack on KKS habour 29 years ago,  on 22nd April 1987. Many SLArmy personnel died (about 20 ) . Few civilians died in crossfire.  KKS habour is a part of production distribution system of Cement factory.

From that fateful day, LTTE fired  Pasilan , heavy Mortars   to KKS cement factory for months. The factory manager had to close KKS due to this continuous attacks.
Two cement plants suffered huge damages due to this heavy shelling done  for months.

On 26th October LTTE killing squad came into cement factory quarters , grabbed  Engineer Mr. Joseph Jayamanne, the General Manager of LCEM and Mr. Gajanayaka , the Deputy GM ,  shot and killed them in brutal manner.

The GM was trying to find out the ways to repair the factory and re open it when LTTE attacked and destroyed the grate lives and future of the  factory.


Later on  SLA decided to occupy the area.  

We are talking about earning money by trading LCEM shares. But there were people who sacrificed their young lives for this company.

Apa appa  Cementhi pasa pathata dala hira karama thiyai wada
Gal bora dala pupuranda wenna

Northern MPs rally for Kankesanthurai revival
Wed, 2016-04-27 07:02

Colombo, 27 April, 
One of Sri Lanka’s well known post-independent manufacturing legends is returning to life as broad consensus was clinched for its revival on 25 April in the northern city of Jaffna.Minister of Industry and Commerce Rishad Bathiudeen joined by some Northern MPs and his officials, visits the Kanksenathurai Cement Factory site on 24 April.
Leading Northern MPs have welcomed the revival of the defunct Kankesanthurai Cement Factory (KCF), at Kankesanthurai in Peninsular Jaffna on 25 April. Minister of Industry and Commerce Rishad Bathiudeen, under whose purview KCF falls, was canvassing support from several Parliament MPs from North and Northern Provincial Council members at a meeting at the Jaffna District Secretariat on 25 April. With his Ministry officials, Minister Bathiudeen toured the defunct KCF’s site located in Kankesanthurai on 24 April.

• Historic KKS Cement factory to be revived
• Rishad on inspection tour of KKS site
• Clinches Nothern political support for KKS revival
• ‘Why not preserve local limestones?’-Northern MPs
• ‘Revived KKS to go for green cement’-Rishad

Lanka Cement factory at Kankasanturai (KKS Factory) was a pioneering northern industrial development project in the post-independent era. The KKS Factory commenced in 1950 under the Department of Industries and was converted to a Public Corporation in 1956, being named as Kankesan Cement Works. Existence of limestone deposits in Kankseanthurai for cement production was a major incentive in establishing the factory in KKS. It is reported that the huge limestone deposits exceeding 80 Million MT in the area are sufficient for manufacturing of cement for another 100 years –even if they are extracted at a rate of 3,500 MTs a day!
Minister of Industry and Commerce Rishad Bathiudeen meets Northern MPs on revival of KKS Factory in Jaffna on 25 April. Previously, UAE-based Ras Al Khaimah Cement Company (RAKCC) expressed interest in reviving the Kankesanthurai Cement Factory with a US$ 100 million investment. In 2011/12, a high level decision was taken to amalgamate Sri Lanka Cement Corporation (SLCC) with Lanka Cement Limited (LCL). SLCC and LCL were jointly planning to resume bagging operations at Kankesanthurai factory.
On 25 April, TNA MPs S Sritharan, Dharmalingam Siddarthan (PLOTE Leader), E Saravanabhavan, SLFP MP Angajan Ramanathan have welcomed Minister Bathiudeen’s initiative. Joining them were NPC Chairman Kandiya Sivagnanam MP, NPC Minister of Agriculture Ponnuthurai Ainkaranesan, and NPC MPs Ariyakutty Paransothy, E Arnold, M.K.Sivajilinghamand Yazzen Jawahir.
Jaffna GA N. Vethanayahan and Northern press and online publisher KT Rajasingham also joined the April 25 special meeting on KCF.
During the session, TNA MPs also forwarded several proposals on KCF revival to Minister Bathiudeen. They expressed their support for the speedier revival of KCF and welcomed the resulting new livelihoods for the Northern populace. They suggested for the government to import clinker (cement raw material) if feasible, rather than quarrying Kankesanthurai limestone deposits due to possible environmental hazards to Kankesanthurai.
Minister Bathiudeen assured the revived KCF process would be different, and added: “We thank you for your support. The recommencement will not only bring in new livelihoods, but will upgrade our cement manufacturing. We have to install all the machines from scratch. From the very start, we plan to do it with international standards. We will revive it with environment friendly, latest cement manufacturing technologies.”
Newest cement manufacturing plants being commissioned now follow the “green cement factory concept.” This concept could considerably reduce the ‘carbon footprint issue’ found in ordinary cement manufacturing as well. If green technology in implemented, KKS will be the first Sri Lankan state of the art cement plant to entirely produce using green tech.
The KKS factory closed for production in 1991 due to the raging Northern war. At the time of its closure its production capacity was 115000 MT, with around 400 factory employees losing their livelihoods. It was estimated in 2012 that the cost of recommissioning the KKS factory was to be around Rs. 1.5 billion. KKS factory is placed under Lanka Cement Limited (LCL), and KKS is the only ‘factory’ (but defunct) found under LCL.
- Asian Tribune –

My target price  15/= above.

Blue Chip Lovers this share is not for you.

sureshot wrote:My target price  15/= above.

Blue Chip Lovers this share is not for you.