About 32 firms want to revive the Kankesanthurai (KKS) Cement plant owned by Lanka Cement PLC (LCP) and have sent Expressions of Interest (EOI) to the Treasury, industry sources said.
“Six Indian firms, six Chinese firms and four top local players among about 32 firms applied to the Treasury about five months ago but with the elections underway, the review process has got delayed,” one source told the Business Times. He confirmed that Tokyo Cement, Lafarge, L&T and Holcim are among the local bidders adding that most EOIs quoted US$ 150 million to US$ 300 million to revive this plant.
Recently, LCP requested assistance from the Treasury to rehabilitate KKS which is being considered. LCP is seen as a treasure trove by firms in the industry with its KKS property in the north raising the stake after the conflict ended. |
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