Post-war reconstruction, floods, ups cement demand
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 2011 has
recorded a figure of 4.58 million metric tones, a 21.6 % year on year
rise.The local cement production during the year has risen by 13.6 %
to1.97 million metric tones.
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