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| Sunday, 13 March 2005 |
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Business |  |
| News Business Features Editorial
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BMC - aggressive revival by L. S. A. Wedaarachchi The Building Materials Corporation (BMC), the public sector arm which supplies building materials at fair prices is being revived and will be back in business on a grand scale in the near future. Under this process the BMC's main showroom at Sangaraja Mawatha will be converted to a "Building Materials Big City" where prestigious building material importers will have their stalls. A large number of importers of reputed brands of building materials had expressed their willingness to have their showrooms at the BMC's main showroom which was refurbished recently at Sangaraja Mawatha in Colombo. At present the BMC's senior management is busy with the final selection of the applicants for showrooms. According to a spokesman for the BMC leading importers and manufacturers of PVC items, cables, electrical items and electrical fittings, cement and asbestos are among the showroom applicants. The BMC hopes to finalise the preliminary work of the opening of the BMC main showroom. The objective of the 'Building Material Big City' at Sangaraja Mawatha is to give a fair price to customers as there is no middle man. The BMC which imported large volumes of building materials in the past has limited their imports at present to a selected number of building materials, sawn timber, Chinese tools, quality locks such as Yale and Union, sanitaryware, squatting pans and kitchen utensils. At present the branch network of the BMC is being revived and the branches at Matara, Anuradhapura, Ratnapura, Embilipitiya, Badulla and Kandy are back in operation. In May 2003, the BMC had a turnover of Rs. 130 million per month and 42 branches operated islandwide including Jaffna, Vavuniya and Trincomalee. Under the previous government's policy the BMC had been earmarked to be handed over to the private sector. The business activities were weakened due to the policies implemented by the previous government. |
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