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Sri Lanka cement use flat in 2018, but pick up in September

Jan 08, 2019 07:52 AM GMT+0530 | 1 Comment(s)

ECONOMYNEXT - Sri Lanka's cement production was down 3.2 percent to 2.086 million tonnes in the first nine months of the year and imports were also flat, but there has been a pick-up in September, official data shows.

Total imports and production was flat at 6.204 million tonnes in the first nine months of the year, against 6.229 million tonnes a year earlier, central bank data showed.

In September domestic production picked up 11.4 percent to 262,000 metric tonnes.

Imports also picked up 18 percent to 909,000 metric tonnes during the month. Imports however may vary over months, as stocks change.

Sri Lanka's statistics office said the construction sector grew 2.5 percent in real terms during the third quarter of 2018, compared to a year earlier. Nominal growth was 7.5 percent.

The central bank stopped a potential bubble from forming in the real estate sector in 2017 which contributed to the low growth. (Colombo/Jan08/2018)


 

1 Comments

  1. sacre blieu January 08, 08:38 AM

    What is the fate of the Cement Corporation and the projected reconstruction of the Lanka Cement Factory as was proposed by the government on several occasions with foreign assistance. It is ironic that, here we have one of the best basic raw material for the manufacture of cement, and now the ash from the Norochcholai plant, and we continue to import the almost all of the cement to cater to the demand from every construction demand that is going on.

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