Sri Lanka: Binod Chaudhary, the owner of CG Cement, says his company plans to invest US$150m towards building a new integrated cement plant. He said that he had approval from the government and had identified several potential limestone deposits to support the project, according to the Daily News newspaper. The company intends to export cement and clinker.
CG Cement operates a grinding plant at Dumbikas, Nawalparasi district. It says it has a 10% market share.