LafargeHolcim to exit Sri Lanka’s cement business

LafargeHolcim is pulling out of Sri Lanka's cement business. A company spokesperson is reported by national media saying Holcim Lanka will be sold as part of a larger global divestment strategy. Holcim Lanka owns Sri Lanka’s only integrated plant that produces cement from domestic limestone. The company also has an imported clinker grinding plant, and a bagging plant using foreign-made cement. A number of Sri Lanka-based companies are thought to be considering acquiring the business, including a
June 2, 2016 Read time: 1 min

8161 LafargeHolcim is pulling out of Sri Lanka's cement business.

A company spokesperson is reported by national media saying 680 Holcim Lanka will be sold as part of a larger global divestment strategy.

Holcim Lanka owns Sri Lanka’s only integrated plant that produces cement from domestic limestone. The company also has an imported clinker grinding plant, and a bagging plant using foreign-made cement.

A number of Sri Lanka-based companies are thought to be considering acquiring the business, including a privately-held business group and a diversified listed firm.

For more information on companies in this article

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