Sri Lanka Lanwa Cement installs a covered conveyor in the Chinese port of Hambantota
ECONOMYNEXT – LanwaSanstha Cement Corporation (Pvt) ltd of Sri Lanka, had signed an agreement with the Chinese company Hambantota International Port Group (Pvt) Ltd, to set up two ship unloaders and a covered conveyor belt in the south port, said both companies.
HIPG had cleared LanwaSansthaCement to operate two ship unloaders owned by Lanwa in the area of its assigned jetty at the Port of Hambantota.
The 2.4 kilometer covered conveyor belt will transport the raw material from the port to a crushing plant in the nearby industrial area of Mirijjawila.
“Lanwa Cement is an important industrial project for Hambantota District and plays an important role in the economic development of Sri Lanka as well as in the development of the Port of Hambantota,” said HIPG Managing Director Johnson Liu.
“HIPG, as a professional port operator that Lanwa could take advantage of, will provide excellent services for the project and I am sure we will have a win-win situation. “
The closed, dust-free conveyor belt could transport 1,200 tonnes per hour. A 60,000 tonne vessel could be unloaded in three days with the installation.
Lanwa Santha will eventually have a capacity of three million metric tonnes per year.
“This plant is the first of its kind in Sri Lanka to use cutting-edge European technology to achieve optimum results while being environmentally conscious through continuous monitoring,” LanwaSanstha Cement President Nandana Lokuwithana said in a statement.
“In addition, we hope this would be a positive start for the benefit of our homeland’s construction industry.”
Ceylon Steel Corporation Limited manufactures QT bars, hot dip galvanized pipes (GI pipes), box bars, round tubes, metal nails, MS rods, purlins and mesh under the brand name “Lanwa”.
The Lanwa group now produces steel under strong import protection.
Rising prices and rent-seeking through import protection have been blamed for excessive construction costs that make other tourism services uncompetitive with East Asia and other regions.
Protectionist steel has also made it expensive for young homeless couples to put a roof over their heads and can also lead to skimping on steel, which will lead to buildings collapsing, critics have warned.
Currently, cement is made in Sri Lanka by companies with foreign connections who have had limited success in lobbying politicians for protection. For years they have been hit by price controls.
However, cement price controls have recently been lifted due to shortages and it is not clear whether import protection will come.
LanwaSanstha Cement targets major construction projects locally, including Port City and highways once commissioned.
It will produce Blended Cement, Ordinary Portland Cement (OPC), Portland Slag Cement (PSC), Portland Limestone Cement (PLC) and Mixed Hydraulic Cement (BHC). (Colombo / Nov1 / 2021)