President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa today (07) inaugurated the cement manufacturing facility of Lanwa Sanstha Cement Corporation (Pvt) Ltd., the largest cement factory in the country, located in the Magampura Lanka Industrial Zone.
The President and the Prime Minister who arrived at the venue also laid the foundation stone for the proposed new steel factory. The investment for the new steel plant, which will be built on 250 acres of land, is US $ 400 million. The manufacturing process is scheduled to begin in late 2024.
The President and the Prime Minister unveiled the plaque at the opening of the new cement factory and inspected the factory premises, the PMD said.
The investment for the cement factory, which commenced construction in March 2020, was US $ 100 million. Covering an area of 63 acres, it is one of the largest cement factories in the South Asian region.
The factory has an annual production capacity of 04 million metric tons and will supply 2.8 million metric tons to the local market under the first phase, said the management.
Source: www.adaderana.lk
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