Tokyo Cement adds to shipping fleet, Sri Lanka

Tokyo Cement  announced the addition of a fifth vessel, 'MV Mohar', to its fleet of cement carriers. The 22,000t, pneumatic bulk cement carrier was inaugurated by chief guest Arjuna Ranatunga, Minister of Ports, Shipping and Aviation and guest of honour Upul Jayasuriya, chairman, Board of Investments, Sri Lanka.

Speaking at the launch event, SR Gnanam, Tokyo Cement Group managing director, said:  "Logistics is an integral part of our business, and the increase in local demand has required us to enhance our capacities not just in transportation, but manufacturing and energy generation. We are always striving to improve our business performance because doing so is Tokyo Cement's contribution to building Sri Lanka, and ensuring strong, sustainable development."

With an increase in production capacity of 1Mta at its plant in Trincomalee, the new vessel will transport cement to the Colombo port for more efficient distribution to end markets.