Sri Lanka Cement Corporation sees turnaround

Sri Lanka Cement Corporation sees turnaround
Published: 13 December 2010

The Sri Lanka Cement Corporation (SLCC) has said it has recently seen an upturn in local sales as infrastructure drives improved demand.

“During the last six months SLCC has seen a turnaround,” he said, adding that the cement consumption has increased as a result of ongoing infrastructure development projects including road network projects in the Northern and Southern Provinces in the country. “We even managed to settle a part of SLCC debt to the Bank of Ceylon (BOC),”
Sisira Paranagama, Chairman SLCC told the Business Times.

The company is set to start building a 25-storied headquarters building with private apartments and a recreation facility worth Rs4.5bn in Colpetty next month, according to officials.

“We got the drawings of the proposed building and will start construction at the 95-perch land belonging to SLCC in Colpetty. We intend to construct a landmark building to reap benefits from the tourism boom,”
Paranagama added.