Cement News tagged under: Sri Lanka
Sri Lanka gears up for the future31 August 2018, Published under Cement NewsThis week CemNet reported that Sri Lanka saw a 56 per cent rise in cement imports , which reached record levels in May, while monthly domestic production remained stable at 0.22Mt. It may appear that the country's construction sector is again buoyant following a slowdown in the first half, when Tokyo Cement Co (Lanka) Plc reported 1H18 losses due to weaker construction activity resulting from delayed projects. In addition, both INSEE Cement and Tokyo Cement Co (Lanka) Plc applied for a ce... |
Sri Lanka sees 56% rise in May imports28 August 2018, Published under Cement NewsLeading analysts point to a recovery in Sri Lanka's construction sector following a 56 per cent rise in cement imports during May 2018, while domestic production has also increased. Following the 1Q18 contraction in construction of 4.9 per cent, cement imports surged to 633,000t in May 2018, taking the total imports in the first five months to 2.3Mt, which is up 1.5 per cent from a year earlier. Domestic production grew 0.5 per cent to 220,000t in May. However, over the first five months o... |
Sri Lanka’s Tokyo Cement reports increased loss13 August 2018, Published under Cement NewsTokyo Cement Plc reported losses of LKR605m (US$3.78m) in the June 2018 quarter as revenues fell and the sale of a vessel added LKR380m to the losses already sustained. In the June 2018, revenues declined four per cent to LKR7.76bn while costs rose by four per cent to LKR6.2bn. Finance expenses increased 170 per cent to LKR380m. Gross profits fell 27 per cent YoY to LKR1.507bn. The company attributed the losses to a slowdown in construction as delayed local government polls had halted sma... |
Siam City Cement becomes regional market leader07 June 2018, Published under Cement NewsSiam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i... |
INSEE Cement strengthens its supply chain management04 June 2018, Published under Cement NewsCement supply to Sri Lanka's domestic market is heavily dependent on imports of clinker and bulk cement. Therefore, supply chain management plays a vital role, which has forced INSEE Cement (Siam City group) to invest in palletisers, shipunloading equipment and a larger warehouse distribution network. Thusith Gunawarnasuriya, director of Procurement and Logistics at Siam City Cement (Lanka), said, "One key project was commissioning Sri Lanka's first cement bag palletiser at the Ruhunu cemen... |
Tokyo Cement suffers LKR285m loss01 June 2018, Published under Cement NewsSri Lanka's Tokyo Cement Co (Lanka) Plc has reported a LKR285m (US$1.79m) loss in the March 2018 quarter compared with a profit of LKR911m a year ago. Group sales fell two per cent to LKR8.8bn over the period, according to interim accounts filed with the stock exchange. In the year to 31 March 2018, Tokyo Cement made a net profit of LKR2.27bn although sales were down one per cent to LKR36bn. |
Tokyo Cement launches ERP system16 May 2018, Published under Cement NewsTokyo Cement Company (Lanka) PLC has fully integrated its Enterprise Resource Planning (ERP) ssytem throughout its business unites. Providence Global supplied the ERP solution across Tokyo Cement's network of facilities including the main cement manufacturing plant located in Trincomalee, Sri Lanka, the ready-mix concrete manufacturing plant network, bulk cement import operations terminal and biomass power generation units, fully integrating supply chain management and warehouse operation... |
INSEE Cement launch skilled development programme01 May 2018, Published under Cement NewsINSEE Cement is investing approximately LKR2.2m (US$13,900) to support one of the biggest industry-entrepreneurial development projects introduced in Sri Lanka to strengthen the construction practices. According to media, in this pioneering initiative, National Enterprise Development Agency (NEDA ) of Sri Lanka is partnering with INSEE Cement to provide new skills and distribute latest industry and masonry technologies practised around the world to 4400 Lankan construction workers and maso... |
Price rise granted for INSEE and Tokyo Cement05 March 2018, Published under Cement NewsThe Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe... |
Sri Lanka consumption down by 29% in October11 January 2018, Published under Cement NewsCement sales in Sri Lanka fell 29.2 per cent YoY to 566,000t in October, according to the Central Bank of Sri Lanka. The drop follows a gain of 30.6 per cent YoY to 763,460t in September after falling for three consecutive months until August. In 8M17 sales reached 1.942Mt, down 9.1 per cent when compared with the equivalent period of the previous year. However, the bank’s governor, Dr Indrajit Coomaraswamy, said the decrease was nothing more than a blip and does not imply that the co... |