The government of Sri Lanka has decided to recommission the Kankesanthurai Cement Factory (KCF) following a recommendation by a committee of professionals, said State Resources and Enterprise Development Ministry Secretary Dr. Willie Gamage.
He said that the estimated cost of recommissioning the cement factory would be around LKR15bn. The funding source would be arranged by obtaining a loan or issuing public shares.
The Sri Lanka Cement Corporation (SLCC) and Lanka Cement Limited (LCL), the two State organisations under the Ministry of State Resources and Enterprise Development which manufactured and sold cement and also imported cement for the local market were merged recently and operations commenced under the new name of Kankesanthurai Cement.
The Secretary said that the KKS factory will be developed in two phases under the Northern Development program.