Sri Lanka's cement market sees import and production growth

Sri Lanka's cement production grew by 26.6 per cent to 2.31Mt in the last seven months, reports economynext.

Cement demand has been supported by infrastructure projects such as new expressways. However,  the Greater Colombo Housing Approvals Index shrunk by 7.8 per cent in the 1Q19 and only picked up by one per cent in 2Q19.

Cement imports were down by 5.9 per cent to 2.49Mt in the 5M19. However, in June imports and domestic production saw a 3.9 per cent increase to reach 4.1Mt for the first six months.

 By August, total domestic production and imports were up 8.4 per cent to 5.73Mt.