A new local cement manufacturer is ready to enter the market with 2.3 million tons capacity plant being built with a USD 75 million investment in the South.
This will bring the total local cement manufacturers capacity up to 9.6 milion tons per annum.
The new plant is likely to open in another 3-6 months period in Hambantota port.
This would increase the shared value created by the cement producers and ensuring that the local manufactures have enough capacity to cater to the demand leaving no room for a cement shortage in the country for the next few years even with a reasonable positive growth.
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