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03 July, 2012 09:34 AM Source: News360.lk
tokyo cement_Building_Construction_Meson.jpg

Sri Lanka‘s post-war reconstruction and floods helped boost demand for cement in the country, says a leading cement manufacturer.

Tokyo Cement, a Sri Lankan – Japanese joint venture says that much of the demand came from the government’s large scale infrastructure projects.

According to Tokyo Cement, the private sector has been mainly engaged in building housing and housing schemes as well as hotels.

In its 2011/2012 annual report, Tokyo Cement also points out that the surge in private credit too contributed towards higher demand for cement.

Accordingly, the total cement consumed in Sri Lanka during the year 2011 has recorded a figure of 4.58 million metric tones, a 21.6% year on year rise. More...

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