Kankasanthurai cement factory to reopen soon
Mohammed Naalir and Nirushi Wimalaweera
Moves are under-way to reopen the Kankasanthurai Cement factory as a
step to cater to the local cement demand, Lanka Cement Limited Chairman
Sisira Paranagama said.
He said a sustainable solution could be found for the prevailing
cement shortage in the market and stable cement prices too could be
maintained.
He said nearly 3,000 job opportunities could be generated with the
opening of the factory.
He said priority will be given to the unemployed youth in Jaffna in
providing jobs.
The renovation work on the factory will be conducted under the
guidance of Industrial Development Minister Kumara Welgama on President
Mahinda Rajapaksa's instructions, Paranagama added.
He recently visited the site with several other engineers to observe
the feasibility of reopening the factory. Paranagama said India, Italy,
and Germany are also keen to assist the move.
He said a bag of cement is sold at Rs. 750. After reopening the
factory, the price could decrease to Rs. 500.
Paranagama said Kankasanthurai has the largest lime stone deposit in
the region.
A huge sum spent on cement imports could be saved with the reopening
of the factory, he added.
Even though the factory had been closed for nearly two decades, the
machinery is in good condition and can be used for production, he added.
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