Sept 26, Colombo: The Sri Lankan government is planning to resume operations at the Kankasanthurai (KKS) cement factory with private sector investments by next year after the current renovation work is completed.
The State Resources and Investment Promotions Ministry is seeking a private sector investor for the venture soon.
The Sri Lanka Cement Corporation has already commenced restoring the KKS cement factory while taking action to assess the quality of the stock of clinker available within the premises.
Chairman of Sri Lanka Cement Corporation Sisira Paranagama has said the Corporation was currently looking at several options to resume cement production.
The factory ceased operations in 1990 when the war between the security forces and the LTTE intensified.
The Corporation had imported 36,260 metric tons of ordinary Portland cement in 2010 under the ‘Kankesan’ brand and sold at prices below market prices in order to supply quality cement at affordable prices.