Cement News tagged under: Sri Lanka

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UltraTech Cement Lanka (Pvt) brings retail cement price into line with other producers

24 January 2020, Published under Cement News

UltraTech 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 cement

30 December 2019, Published under Cement News

A 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 falls

16 December 2019, Published under Cement News

The 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 growth

26 November 2019, Published under Cement News

Sri 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 cement

18 September 2019, Published under Cement News

Sri 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 project

11 September 2019, Published under Cement News

INSEE 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 Lanka

30 July 2019, Published under Cement News

Nepal’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...

Foreign cement vessel yet to be salvaged in Sri Lanka

29 July 2019, Published under Cement News

The general cargo vessel Sri Lanka Glory, which brought cement clinker to Sri Lanka and later ran aground at Rumassala, Galle, southern Sri Lanka, due to inclement weather last week, is yet to be salvaged. The vessel met adverse weather after offloading clinker for a local cement plant and anchoring at the outer harbour. The Indian owner of the vessel is likely to send a group of marine experts to Sri Lanka soon to explore the possibilities of salvaging the vessel. Earlier, according to...

INSEE Cement Sri Lanka launches its Sustainability Report 2018

25 July 2019, Published under Cement News

INSEE Cement Sri Lanka has launched its first Global Reporting Initiative (GRI) by releasing its inaugural Sustainability Report 2018. Sudashini Christopher, company communications and reputation manager said, "Launching this inaugural report is our first step towards accountability and transparency of our sustainable practices." INSEE Cement Sri Lanka's investments in expansion, modernisation, R&D facilities and environmental performance improvements amount to US$47m since investing in S...

Sri Lanka-based Lanwa Sanstha Cement Corp orders two MVR mills

18 July 2019, Published under Cement News

Lanwa Sanstha Cement Corp (Pvt) Ltd has awarded Gebr Pfeiffer SE the contract for two MVR cement mills for its plant in Sri Lanka. The two grinding facilities consist of an MVR 5000 C-4 each, producing 180tph of OPC, ground to a fineness of 4000cm2/g according to Blaine. The core components of the plants will be supplied by Gebr Pfeiffer SE in Europe while Indian subsidiary Gebr Pfeiffer (India) Pvt Ltd will supply most components and provide the engineering. It will also provide the sta...