The Sri Lankan subsidiary of Pakistan’s Thatta Cement Company has signed a Business Venture Agreement with the Sri Lanka Ports Authority regarding the establishment of a cement grinding, storage and bagging plant. The plant is to be constructed at Magam Ruhunupura Mahinda Rajapaksa Port and will have a production capacity of 100 000 tpa when it first opens. The facility’s capacity will be increased to 1 million tpa over 10 years. An estimated US$15.15 million will be invested over the first 5 years of operation. The plant will include a closed circuit cement grinding mill. The Business Venture Agreement covers a period of 25 years.
Edited from various sources by Louise Fordham.