Cement News tagged under: Sri Lanka

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INSEE ramping up output at Galle plant

18 June 2020, Published under Cement News

INSEE Cement will be ramping up production at its Galle cement plant to support the local economy’s fast recovery from the COVID-19 pandemic. The company said in a statement that over the years, local cement manufacturers have contributed immensely in enriching the national economy through value additions that support the employment opportunities, up-skilling of local construction professionals through continuous training and education provided across all levels of stakeholders along with ...

Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY20

27 May 2020, Published under Cement News

Tokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc...

Coronavirus impacts Pakistani cement trade

21 April 2020, Published under Cement News

The exports of clinker and cement from Pakistan to Afghanistan, Bangladesh, Sri Lanka and rest of the world have been impacted by the lockdown, curfew and other measures to stop the spread of the coronavirus in these countries. This was disclosed by Irfan Amanullah, senior general manager, Attock Cement Pakistan Ltd (ACPL), during a presentation of Cement Sector Outlook, organised by BMA Capital in Karachi.   He attributed the disruption due to a number of reasons and said no exports were be...

Sri Lanka looks to lift curfew and open factories

20 April 2020, Published under Cement News

Sri Lanka's Government is considering the easing of the month-long curfew on the island from this week. Minister of Health and Indigenous Medicine, Pavithra Waniarchchi, announced that all clusters of COVID-19 in Sri Lanka had been successfully detected and that the government was keen to gradually restart industry to protect the national economy. Senior Economist and Senior Lecturer at the University of Colombo, Professor HD Karunaratne, said: "We are importing raw material from China and ...

INSEE Cement Sri Lanka wins awards

16 March 2020, Published under Cement News

INSEE Cement Sri Lanka, through public announcement disclosed that being the country's leading cement manufacturer successfully, it won the award for 'Best Construction Brand' for the Ninth consecutive year at the 14th annual SLIM-Nielsen People's Awards ceremony recently. It further adds, the first and only cement in the country to receive the SLS 1253 certification. The company was earlier presented with the green award from the Green Building Council for sustainable materials and product...

UltraTech Cement Lanka (Pvt) brings retail cement price into line with other producers

24 January 2020, Published under Cement News

UltraTech Cement Lanka (Pvt) has passed on the benefits of the VAT reduction and removal of the national building tax (NBT), on 1 December 2019, to customers and has lowered the retail price of its 50kg bag of cement to LKR950 (US$5.23). UltraTech Cement Lanka (Pvt)'s price drop now comes into line with the earlier price change announcement by State Minister of Internal Trade and Consumer Welfare, Anura Priyadarshana Yapa on 15 December 2019, when retail prices fell by LKR100 for a 50kg bag...

Sri Lanka sets maximum retail price for cement

30 December 2019, Published under Cement News

A special gazette notification has been issued by the Consumer Affairs Authority declaring the maximum retail price of locally manufactured cement in Sri Lanka at LKR1005 (US$5.53) per 50kg bag. The maximum retail price of a bag of cement that has been imported in bulk will be LKR950 per 50kg bag, and the maximum retail price of a bag of imported cement is LKR930.

Sri Lankan cement price falls

16 December 2019, Published under Cement News

The price of cement produced in Sri Lanka declined due to the reduction of value-added and other taxes, reports the Colombo Gazette. State Minister of Internal Trade and Consumer Welfare, Anura Priyadarshana Yapa, said that the price of cement has decreased by LKR100 (US$0.55)/50kg bag. A 50-kg bag of cement is currently being sold for a price between LKR1050 and LKR1095 to. This includes a 15 per cent VAT and a two per cent NBT. According to the new tax amendments VAT is reduced to eigh...

Sri Lanka's cement market sees import and production growth

26 November 2019, Published under Cement News

Sri Lanka's cement production grew by 26.6 per cent to 2.31Mt in the last seven months, reports economynext. Cement demand has been supported by infrastructure projects such as new expressways. However,  the Greater Colombo Housing Approvals Index shrunk by 7.8 per cent in the 1Q19 and only picked up by one per cent in 2Q19. Cement imports were down by 5.9 per cent to 2.49Mt in the 5M19. However, in June imports and domestic production saw a 3.9 per cent increase to reach 4.1Mt for the...

Sri Lankan minister deplores political border tax policy on cement

18 September 2019, Published under Cement News

Sri Lanka's finance minister, Mangala Samaraweera, has spoken out against the country's cement prices being higher than more developed markets in south Asia, requesting that the border tax policy needs to be depoliticised to benefit consumers. "Our export sector has been crippled by para-tariffs caused by businessmen influencing politicians," Mr Samaraweera told the opening of the Ceylon Chamber of Commerce Economic Summit. "This has also led to large increases in prices. For example, last...