Indonesia's Gama and Melstacorp in Sri Lanka cement venture
May 25, 2018 13:35 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka's Melstacorp Plc, said it is moving into the import and distribution of cement with Gama Corporation, an Indonesian firm and Colombo-based Pyramid Holdings.
Melsta Gama (Pvt) Ltd, will import, process, package and distribute cement.
It is a joint venture with Pyramid Gama (Pvt) Ltd, which has been formed by the Gama group and Pyramid Holdings (Pvt) Ltd, which is oils and fats business.
Melstacorp said the project cost is estimated to be 20 million US dollars. The shares of the partners were not disclosed. (Colombo/Mar25/2018)