Cement News tagged under: Sri Lanka

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INSEE Cement signs MoU with Hambantota Port

29 November 2021, Published under Cement News

Hambantota International Port Group (HIPG) recently signed an agreement with INSEE Cement to ensure the efficient transfer of raw materials to the Galle cement plant, Sri Lanka, via the Hambantota Port.  The agreement was signed between INSEE Cement CEO, Gustavo Navarro, and HIPG CEO, Johnson Liu, at a ceremony held at the Hambantota Maritime Centre.      Mr Navarro said: "Due to the limitations we have experienced in our previous operations, we couldn’t bring bigger vessels with larger ...

Pakistani cement exporters face several challenges

24 November 2021, Published under Cement News

The exports of cement and clinker from Pakistan have been affected by several factors, including a change in political set-up in Afghanistan, the persistent deadlock in trade between Islamabad and Delhi, anti-dumping duties, and the financial crunch in Sri Lanka, according to Inayat Ullah Niazi, CFO of DG Khan Cement. DG Khan exports its products to Afghanistan, Kenya, Madagascar, Maldives, Mozambique, Seychelles, Sri Lanka and Tanzania. As a result total cement exports declined by 40.4 p...

Tokyo Cement Co (Lanka) sees revenue up 4%

05 November 2021, Published under Cement News

Tokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR127m. The quarter saw the company face a weakening rupee, foreign exchange shortage, which caused a delay in opening LCs, shortages and delays in raw material imports, soaring shipping costs and re-imposed lockdowns. While the fuel price increase and a lack of vessels escalated inbound freight rates by over 300 pe...

INSEE Cement adds import vessels to address cement scarcity in Sri Lanka

05 November 2021, Published under Cement News

INSEE Cement has added two more import vessels to its operations in order to increase cement supply across Sri Lanka, according to the Daily Mirror. "INSEE Cement continues to operate at maximum production capacity to ensure the Sri Lankan construction industry remains on its path to a successful recovery," said Gustavo Navarro, INSEE Cement’s CEO. "What the domestic market is experiencing is an artificial scarcity that was first created by importers refusing to release their stocks to...

Lanwa Sanstha Cement to begin operations in 2022

02 November 2021, Published under Cement News

Sri Lanka's Lanwa Sanstha Cement is now expected to commence operations in January 2022, when it opens a US$80m plant in the Mirijjawila Export Processing Zone, Hambantota. The production capacity of the plant is estimated to be 3Mta, according to Daily News (Sri Lanka). "One of the highlights of the first-of-its-kind facility in Sri Lanka would be the emphasis on the latest technology, where all mixing will be carried out with latest European technology while many of the other equipme...

Tokyo Cement Co (Lanka) outlines measures taken to address cement shortage

28 October 2021, Published under Cement News

Sri Lanka’s Tokyo Cement Co (Lanka) has taken several immediate measures to address a cement shortage in the market, according to Dr Harsha Cabral PC, company chairman. Tokyo Cement is operating its plant in Trincomalee at the maximum installed capacity of around 170,000tpm and will continue to supply cement island wide at its highest output levels. In addition, the company has been importing 30,000t of bulk cement per month through the Tokyo Cement Colombo terminal. On a request made by t...

Loesche completes INSEE Cement maintenance at Galle grinding plant

20 August 2021, Published under Cement News

INSEE Cement has completed a week-long scheduled maintenance of its Galle grinding plant in Sri Lanka. The inspection was carried out by Loesche. "As Sri Lanka’s only fully integrated cement manufacturer, we are stepping up to meet the growing demand of the local market by increasing our reliability and improving operations by up-keeping our plants and machinery to globally benchmarked standards," said Gustavo Navarro, CEO at INSEE Cement. "By carrying out preventive maintenance we ensure...

Insee Cement steps up raw material unloading

27 July 2021, Published under Cement News

The Hambantota International Port (HIP) recorded its highest discharge levels of bulk cargo recently, when a shipment of gypsum consigned to Insee Cement was unloaded at a rate of 24,000tpd by port operations. Thusith Gunawarnasuriya, director procurement and logistics of Insee Cement, says this was an extraordinary achievement for a Sri Lankan port in terms of speed and efficiency. "As the No 1 cement manufacturing company in Sri Lanka, we import raw materials in large vessels. B...

Sri Lankan cement production advances 16% in January

15 March 2021, Published under Cement News

Sri Lanka’s cement output continues to grow following 15.9 per cent YoY growth to 3.93Mt in 2020. In January 2021, the island’s cement manufacturers produced 364,790t of cement, up 15.5 per cent when compared with January 2020. The rise in domestic production and import controls imposed after the first COVID-19 wave in the country have led to a reduction in imports, which fell by 31.2 per cent YoY to 3.25Mt in 2020.

INSEE Cement (Lanka) holds child career guidance programme

27 January 2021, Published under Cement News

INSEE Cement (Lanka) Plc has held a ’Find Your Spark',  an  interactive virtual career guidance programme. The objective of the programme was to equip the children of employees with the right knowledge and skills to grow their talent, choose their future career wisely and achieve their best.  The programme included a series of workshops conducted by a panel of renowned professionals, whom the children could look up to as role models.  Gustavo Navarro, CEO of INSEE Cement (Lanka) s...