Lucky Cement eyes Sri Lanka grinding project

Lucky Cement eyes Sri Lanka grinding project
29 November 2012

Pakistan’s largest cement producer Lucky Cement is considering the construction of a 500,000tpa grinding plant in Sri Lanka as part of its plan to expand its presence overseas.

Bloomberg newswires quoted chief executive Muhammad Ali Tabba as saying that the firm has sought state land to build a factory. Pakistan's Tatta Cement has already been given a concession to build a grinding plant in Sri Lanka's Hambantota port.

The company is also constructing a 1.2Mta plant in Congo and a grinding facility in Iraq.

Last week, Lucky Cement said it is interested in establishing a manufacturing plant in India. “Currently, Lucky Cement is contemplating having a direct presence in India once it has achieved key understanding of the Indian market and the opportunities it may offer,” said a spokesperson. “At present, Lucky Cement is seeking guidance both from the Pakistan and Indian government authorities on the existing FDI policy.”

Published under Cement News