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Message: <blockquote data-quote="monson" data-source="post: 20227889" data-attributes="member: 30005">Korea Hyundai backed firm enters KKS Cement race with huge $450 mn pitch In a new breakthrough in the ongoing revival saga of historic Kankesanthurai (KKS) cement project, a South Korean conglomerate of global scale said it is vying to clinch the mega Northern project . Interestingly, the Korean conglomerate is to enlist yet another gigantic Korean multinational for the required engineering services for the huge KKS project.“We shall bring in all the necessary machinery and technology and can start from scratch” said an upbeat Chairman of Korea’s AFKO Group GMEX, Keun Young Lee .AFKO Chairman Lee made these comments after meeting Industry and Commerce Minister Rishad Bathiudeen at the Ministry of Industry and Commerce with Minister Bathiudeen.Lee’s AFKO Group, which merged to Korea’s multinational chaebol Hyundai Group in 2008, has its own construction and cement projects in Africa and elsewhere. Hyundai Motor Group has 18 affiliate firms with about $35 bn turnover and is the second largest chaebol in South Korea. “AFKO specialises in cement projects. We are keen to partner in the Kankesanthurai Cement Project and are ready to enter with $450 mn as a start. - <a href="http://www.dailynews.lk/?q=2016/06/03/business/83573" target="_blank">http://www.dailynews.lk/?q=2016/06/03/business/83573</a></blockquote>

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