Cement News tagged under: Sri Lanka
Coronavirus impacts Pakistani cement trade21 April 2020, Published under Cement NewsThe exports of clinker and cement from Pakistan to Afghanistan, Bangladesh, Sri Lanka and rest of the world have been impacted by the lockdown, curfew and other measures to stop the spread of the coronavirus in these countries. This was disclosed by Irfan Amanullah, senior general manager, Attock Cement Pakistan Ltd (ACPL), during a presentation of Cement Sector Outlook, organised by BMA Capital in Karachi. He attributed the disruption due to a number of reasons and said no exports were be... |
Sri Lanka looks to lift curfew and open factories20 April 2020, Published under Cement NewsSri Lanka's Government is considering the easing of the month-long curfew on the island from this week. Minister of Health and Indigenous Medicine, Pavithra Waniarchchi, announced that all clusters of COVID-19 in Sri Lanka had been successfully detected and that the government was keen to gradually restart industry to protect the national economy. Senior Economist and Senior Lecturer at the University of Colombo, Professor HD Karunaratne, said: "We are importing raw material from China and ... |
INSEE Cement Sri Lanka wins awards16 March 2020, Published under Cement NewsINSEE Cement Sri Lanka, through public announcement disclosed that being the country's leading cement manufacturer successfully, it won the award for 'Best Construction Brand' for the Ninth consecutive year at the 14th annual SLIM-Nielsen People's Awards ceremony recently. It further adds, the first and only cement in the country to receive the SLS 1253 certification. The company was earlier presented with the green award from the Green Building Council for sustainable materials and product... |
UltraTech Cement Lanka (Pvt) brings retail cement price into line with other producers24 January 2020, Published under Cement NewsUltraTech Cement Lanka (Pvt) has passed on the benefits of the VAT reduction and removal of the national building tax (NBT), on 1 December 2019, to customers and has lowered the retail price of its 50kg bag of cement to LKR950 (US$5.23). UltraTech Cement Lanka (Pvt)'s price drop now comes into line with the earlier price change announcement by State Minister of Internal Trade and Consumer Welfare, Anura Priyadarshana Yapa on 15 December 2019, when retail prices fell by LKR100 for a 50kg bag... |
Sri Lanka sets maximum retail price for cement30 December 2019, Published under Cement NewsA special gazette notification has been issued by the Consumer Affairs Authority declaring the maximum retail price of locally manufactured cement in Sri Lanka at LKR1005 (US$5.53) per 50kg bag. The maximum retail price of a bag of cement that has been imported in bulk will be LKR950 per 50kg bag, and the maximum retail price of a bag of imported cement is LKR930. |
Sri Lankan cement price falls16 December 2019, Published under Cement NewsThe price of cement produced in Sri Lanka declined due to the reduction of value-added and other taxes, reports the Colombo Gazette. State Minister of Internal Trade and Consumer Welfare, Anura Priyadarshana Yapa, said that the price of cement has decreased by LKR100 (US$0.55)/50kg bag. A 50-kg bag of cement is currently being sold for a price between LKR1050 and LKR1095 to. This includes a 15 per cent VAT and a two per cent NBT. According to the new tax amendments VAT is reduced to eigh... |
Sri Lanka's cement market sees import and production growth26 November 2019, Published under Cement NewsSri Lanka's cement production grew by 26.6 per cent to 2.31Mt in the last seven months, reports economynext. Cement demand has been supported by infrastructure projects such as new expressways. However, the Greater Colombo Housing Approvals Index shrunk by 7.8 per cent in the 1Q19 and only picked up by one per cent in 2Q19. Cement imports were down by 5.9 per cent to 2.49Mt in the 5M19. However, in June imports and domestic production saw a 3.9 per cent increase to reach 4.1Mt for the... |
Sri Lankan minister deplores political border tax policy on cement18 September 2019, Published under Cement NewsSri Lanka's finance minister, Mangala Samaraweera, has spoken out against the country's cement prices being higher than more developed markets in south Asia, requesting that the border tax policy needs to be depoliticised to benefit consumers. "Our export sector has been crippled by para-tariffs caused by businessmen influencing politicians," Mr Samaraweera told the opening of the Ceylon Chamber of Commerce Economic Summit. "This has also led to large increases in prices. For example, last... |
INSEE Cement quarry identified for MSW project11 September 2019, Published under Cement NewsINSEE Cement of Siam City Cement (Lanka) Ltd is being asked to provide land for the Metro Colombo Solid Waste Management (MCSWM) project in Aruwakkalu, Sri Lanka. The proposed site has been identified and is located adjacent to the railhead of the limestone quarry in Aruwakkalu, Puttalam. The government envisages implementing a sanitary landfill using the abandoned and worked-out limestone quarry pits in to dispose about 1200tpd of municipal solid waste (MSW). The area under the landfill w... |
CG Cement plans new plant in Sri Lanka30 July 2019, Published under Cement NewsNepal’s CG Cement has announced plans to invest US$150m to set up a new plant in Mannar, Sri Lanka. According to Binod Chaudhary, owner of the company, it has already received approval for the project. "I have got the green light from the government and we have already identified several limestone deposits in the province to make cement locally," said Mr Chaudhary. "Currently Sri Lanka imports around US$350m worth of cement and clinker and I want to help stop this Forex drain." CG Cement r... |