Sri Lanka: Tokyo Cement looks to US for investment backing

Sri Lanka: Tokyo Cement looks to US for investment backing
Published: 20 July 2016


The chief financial officer and other members of the Tokyo Cement management team are in the US this week for an investor roadshow, Lanka Business Online reports.

Mark Decker, whose brokerage firm is promoting the roadshow, said: “Tokyo Cement is an under-researched company with a dominant market position, brand equity built over three decades, and clear growth prospects in light of Sri Lankan infrastructure and building construction projects.

 “We’re honoured to introduce the firm’s management to investors seeking high-quality growth opportunities in the region.”

Tokyo Cement is seeking to meet investment funds to win their support for its expansion plans. The firm is currently building new capacity in the shape of a 1Mta grinding plant at its Trincomalee facility.