Ceramic industry mining for raw materials
Rs 9 m partnership with stakeholders:
Ravi LADDUWAHETTY
The ceramic industry will shortly go in for a Public -Private
Partnership for mining of raw materials for the industry.
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Exquisite
ceramicware for the world market |
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Dayasiri
Warnakulasuriya |
A Memorandum of Understanding (MoU) will be signed between the
Treasury, the Ceramics Council and the Geological Survey and Mines
Bureau in this regard.
The venture will be based on a private-public sector partnership on
investment of Rs 9 million where the Treasury will be providing Rs 8
million.
All stakeholders in the industry such as Dankotuwa Porcelain, Midaya
Ceramics, Royal Ceramics, Lanka Tiles will collectively contribute Rs 1
million for this, Ceramics Council Chairman Dayasiri Warnakulasuriya
told Daily News Business yesterday.
The grant has been facilitated by the Commerce and Industry Ministry
which will mean that the industry, in collaboration with the Geological
and Survey Mines Bureau will be mining for the key raw materials -
Kaolin and Ball Clay which are needed for the industry in Colombo,
Gampaha and Kalutara districts.
Warnakulasuriya, who is also Chairman of Midaya Ceramics also said
the industry was going through some tough times with the loss of the
United States market to the tune of 50 percent with the intervention of
China, but had shifted to the European markets where high value added
products in small quantities was the way forward for the survival of the
industry.
He explained that there was scope within the European Union nations
in the tableware and utility items which had high value additions was
the way forward in a backdrop in which the industry was battling with
ever growing energy costs and other high local overheads as well.
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