Tokyo Cement to invest $12M to increase capacity in Sri Lanka

Tokyo Cement Company (Lanka) PLC announced plans to increase local production capacity by 1 million metric tons with an investment of US $12 million at its factory in Trincomalee. The expansion will take 18 months and will increase installed capacity.

“Tokyo Cement Company (Lanka) PLC recently entered into an investment expansion agreement with the BOI, reflecting their appreciation towards The Government’s farsighted decision to encourage the local manufacturing sector.”colombogazette.com

• 1 source
• colombogazette.comTokyo Cement?s Investment Expansion a Direct Nod to Government Policy | Colombo GazetteNov 23, 2020

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