INSEE Cement to pass on benefit of tax relief to customers

Thursday, 5 December 2019 00:00 - - {{hitsCtrl.values.hits}}

Reduces prices of cement in bags and bulk

INSEE Cement Sri Lanka (Siam City Cement (Lanka) Ltd.) yesterday announced that it will be passing on the tax reduction benefits to its consumers and industrial customers. Following the recent announcement by the Sri Lankan Government to provide tax concessions to improve the cost of living of the public, INSEE Cement Sri Lanka, the premier cement manufacturer and producer of the most popular household brands Sanstha and Mahaweli Marine Plus Cement, decided to pass on the benefit of removal of the NBT and reduction of VAT to its customers by reducing the price of cement accordingly. This has been effective since 1 December 2019. Any new guidelines issued by the CAA (Consumer Affairs Authority) with regards to the revised MRP (Maximum Retail Price) will be immediately adhered to.

INSEE Cement Sri Lanka is the only fully integrated cement manufacturer of cement in Sri Lanka. The company’s flagship brand Sanstha Cement is the first superior blended cement launched in Sri Lanka. Further, INSEE produces customised concretes (ready-mixed concrete) in the state-of-the-art INSEE Concrete manufacturing facility in Peliyagoda.