VIJAYAWADA: In a bid to put an end to cartelisation by cement manufacturing companies in the State, the builders' Joint Action Committee, which includes APREDA, CREDAI and CRBA, has decided to import cement from Sri Lanka, China and Bangladesh in protest against the abnormal hike of cement prices by the manufacturers.
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Sri Lanka: The Sri Lanka Consumer Affairs Authority (CAA) has allowed Insee Cement and Tokyo Cement to increase the prices of a 50kg bag of cement. The Ministry of Industry and Commerce gave its approval subject to the ratifiion of the CAA as it is a pricecontrolled commodity, according to the Times of Sri Lanka newspaper.
The Consumer Affairs Authority has permitted companies selling cement in the Sri Lankan market to increase the price of a 50Kg cement pack by Rs Get the latest breaking news and top stories from Sri Lanka, the latest political news, sports news, weather updates, exam results, business news, entertainment news, world .
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Sand shortage sends construction costs spiralling upwards, Sri Lanka is currently facing a shortage of sand and granite essential for the construction industry, spiralling the construction costs upwards, Tokyo Cement Company (Lanka) PLC (TKYO), the country's largest cement manufacturer and supplier, said.
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Cement industry. Sri Lanka is estimated to be consuming about million tons of cement per annum (Source: Economic and Social Statistics of Sri Lanka, Central Bank Annual Report 2013).
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