Cement Prices Rise, Adding Burden to Construction Sector in Sri Lanka.

Cement manufacturers in Sri Lanka have raised the price of cement, adding extra costs for builders. A bag of cement now costs between LKR 150 and LKR 175. The price increase is due to higher production costs, said Terlington Paul, the head of the Sri Lanka National Construction Association. This hike comes at a challenging time for the construction industry. Builders and contractors are now facing increased expenses for ongoing projects. The higher costs may slow down construction activity or lead to higher prices for clients.

Industry experts warn that if production costs continue to rise, cement prices could increase further. Contractors are encouraged to adjust budgets and project plans accordingly.The Sri Lanka National Construction Association continues to monitor the situation and works with manufacturers to balance affordability and industry sustainability.

Leave a Reply

Your email address will not be published. Required fields are marked *