Holcim invests $15 million in new cement plant in Sri Lanka

< P > < FONT face = Verdana > Holcim is the largest cement producer and operator in Sri Lanka, accounting for 30% of Sri Lanka's annual cement demand of 3.8 million tons. At present, the company has two cement production plants in Putram on the west coast and Gower in the south.

< P > < FONT face = Verdana > As the tsunami attack at the end of 2004 caused great damage to Sri Lanka's infrastructure, international organizations and friendly countries provided a lot of economic assistance to Sri Lanka. Post-disaster reconstruction is being carried out everywhere in Sri Lanka. After the establishment of the new government at the end of 2005, Sri Lanka has increased its investment in infrastructure construction, and now projects such as roads, bridges, water supply and drainage, ports and wharfs, thermal power and hydropower are being built everywhere. At the same time, the construction of housing projects has been neglected due to the long civil war in the past, resulting in housing shortage and very expensive housing prices. Since the year before last, the Sri Lankan government has revised its housing policy to encourage private enterprises and foreign capital to develop the real estate industry, and now apartment buildings can be seen everywhere in large and medium-sized cities throughout the country. Therefore, in the next few years, the demand for cement in Sri Lanka will continue to rise. But at present, there is a certain gap in the demand for cement in Sri Lanka, which is mainly made up by imports. With the continuous expansion of construction scale, the gap of cement will become larger and larger in the future. To this end, Holcim has decided to build a cement plant with an annual output of 300,000 tons in Trincomalee in the northeast in the first half of this year, and then gradually expand its production scale depending on demand. < BR >

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