By Sanath Nanayakkare
President Gotabhaya Rajapaksa inaugurated the state-of-the-art cement manufacturing facility of Lanwa Sanstha Cement Corporation (Pvt) Ltd., in Mirijjawila, Hambantota yesterday.
The opening ceremony was also participated by Prime Minister Mahinda Rajapaksa, Minister of Irrigation and State Minister of Internal Security, Home Affairs and Disaster Management Chamal Rajapaksa, Minister of Trade Bandula Gunawardena, Minister of Power and Energy Pavithra Wanniarachchi and State Minister of Investment Promotions D.V. Chanaka.
A BOI venture, the Lanwa Sanstha facility spreads across 63 acres in Hambantota’s Mirijjawila Export Processing Zone.
Lanwa Sanstha Cement Factory Manager Prasad de Silva told The Island that the facility features a fully automated stacker reclaimer yard and 2 bridge type ship unloaders for efficient, waste-free and sustainable handling of cargo.
“From the loading of raw materials at the Port of Hambantota to the unloading of it at the factory to grinding and mixing to dispatching the final product to the market is fully automated. We will produce the full range of cement products including Ordinary Portland Cement (OPC), Portland Composite Cement (PPC) and Blended Hydraulic Cement (BHC) to cater to the rising local demand from home builders, projects including the Port City and even expressways. We are hopeful that this endeavour would be a solution to the construction sector which is currently suffering due to raw material shortages.”
” The factory will have two production lines and we launched the first production line today which was an investment of more than USD one million. Phase 1 has the capacity to produce 8000 Metric Tons of cement per day. Once both lines are operational, we can produce a minimum of 160,000 50 kg bags per day. The second production line will be operational in a few months,” he said.
“At the moment, our local input and value addition is about 12% and it would be increased to 30- 40% once we can use our steel factory by-products as part of the raw materials.”
According to sources of the company, with the entry of Lanwa Sanstha cement to the market, the price of a 50KG bag of cement should stabilise at Rs. 1, 500.
Lanwa Sanstha Cement Corporation (Pvt) Limited is a sister company of Sri Lanka’s foremost manufacturer of steel, Ceylon Steel Corporation Limited.
According to the factory manager, the plant currently requires 20 MW of power per day for its operations and once both production lines are in the works, the energy requirement would go up to 35 MW.
Minister Chamal Rajapaksa said that the project would provide about 180 job opportunities because it is fully automated.
However, according to factory sources, the factory would create a few hundreds of indirect jobs.
Mahindra Ideal Finance One of Sri Lanka’s Great Places to Work
Mahindra Ideal Finance is not only one of Sri Lanka’s leading finance companies, but also one of Sri Lanka’s top employers of choice, attested to by the Company being certified as a Great Place to Work for 3 consecutive years, most recently in 2021.The Company has also been recognized amongst the Best 10 companies in the banking, financial services and insurance sector in 2021 by the Great Place to Work® Sri Lanka. As a result, Mahindra Ideal Finance has attracted a diverse group of individuals at the top of their game to be a part of the Company’s various teams. Having embarked on a landmark islandwide network expansion strategy, Mahindra Ideal Finance is also creating new opportunities for aspiring Sri Lankan professionals looking to build solid careers in financial services.
Duminda Weerasekara – Chief Executive Officer said, “As we are growing our presence around the country through the expansion of our branch network, we are looking for driven and passionate people to reinforce our teams. As we have been a dedicated, caring and trustworthy employer since our inception, Mahindra Ideal Finance is the ideal platform for dynamic young professionals looking to launch or grow their careers.”Great Place to Work®, headquartered in the USA, is the global authority on high-trust, high performance workplace cultures. Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures.
Daraz Cares introduces ‘Buy one Give One’ initiative – To support families in vulnerable communities
The unfolding economic crisis in the country has presented Sri Lankans with unprecedented challenges, including scarcity of essentials, escalating living expenses and deteriorating living standards. The impacts of the crisis are graver and more ominous for those in vulnerable communities, where families struggle to make ends meet amidst mounting financial difficulties.As part of its commitment to give back to the community, Daraz Cares has come forward with a social initiative that pledges support for families in vulnerable communities. The initiative themed ‘Buy One, Give One’ will support Sri Lankan families faced with financial challenges with a pack of selected daily essentials. The selected items for the ‘Buy One, Give One’ initiative are, a 1kg pack of CIC Sudu Suduru Rice,a 500g of Orient Mysoore Dhal, a 300g pack of Maggi Coconut Milk Powder, 500g of Orient White Sugar, and 500 g packs of Sunlight Lemon and Rose Detergent Powder, which are all available for purchase via Daraz Mart.
The initiative will be implemented in a manner that, each time an individual purchase any desired quantity of one of the nominated items on the Daraz app, Daraz will donate an equal quantity of the same product to a family in vulnerable communities.Daraz invites everyone to purchase a preferred quantity of the selected items via www.daraz.lk/dmart/ and become a part of the ‘Buy One, Give One’ social initiative.
DIMO partners with Allianz to provide innovative insurance scheme to its TATA customers
DIMO together with Allianz recently introduced a state-of-the-art motor insurance & claim settlement scheme designed exclusively for DIMO’s TATA customers.The partnership is focused on assisting the customers to reduce costs incurred during conducting accident repairs through exemption of the owner’s payable portion for TATA vehicles within 5 years of date of manufacture. This innovative facility also offers all TATA customers of DIMO special insurance premium rates at the time of renewal of insurance. DIMO’s TATA customers will enjoy the utmost convenience and zero hassle as both DIMO and Allianz will coordinate all tasks from towing the vehicle to the nearest DIMO-TATA workshop, quick and efficient estimation & approval process, repairing of the vehicle according to exact manufacturer’s specifications, settlement of repair bills to handing over of the vehicle to the customer in original condition.
Ranjith Pandithage, Chairman & Managing Director of DIMO, said, “This partnership will further assist us in offering an enhanced service for our valued customers. As a company, DIMO has always stood for fuelling the dreams and aspirations of the communities we serve in, and it is a pleasure to be able to offer an innovative insurance scheme at a time like this, in collaboration with Allianz.
Gany Subramaniam, CEO of Allianz Insurance Lanka Ltd, said “We are extremely pleased to be partnering with DIMO to offer a customer-centric product, ensuring a vehicle is repaired and restored with minimum hassle.”
Speaker proposes how to steer SL out of crisis
MR had not decided to resign on 09 May, says Weerasekra
Lankan-born Cassandra elected to Australian Parliament
‘Dates have the highest sugar content to fight Coronavirus’
U.S. Congress to probe assets fleecing by US citizens of Sri Lankan origin
Sunday Island 27 December – Headlines
News3 days ago
Canadian declaration of ‘Tamil genocide’ may influence European parliaments, EU – Maj. Gen. (retd.) Gallage
News6 days ago
Unprovoked attacks: AG asked to consider taking legal action against MR, others under ICCPR
News1 day ago
Two views on Gota going, food crisis threat by August: Ranil
News2 days ago
PM blames ‘last administration’ for country’s current crisis
News4 days ago
Wimal asks for PSC probe into top officials’ complicity in violence
News2 days ago
SJB, FSP agree on common agenda
News5 days ago
IGP, Public Security Ministry Secy. allowed SLPP goon attacks – Wimal
Features1 day ago
Ranil-Rajapaksa Interim Government and Cabinet are a betrayal of the People