Cement News tagged under: Sri Lanka

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Thatta Cement signs joint venture agreement with Cementia

10 May 2013, Published under Cement News

Pakistan cement producer Thatta Cement has signed a joint venture agreement with Cementia Holding for a new grinding plant in Sri Lanka. Cementia, based in Switzerland, is part of the Lafarge group and specialises in the trade and seaborne delivery of clinker, cement and cementitious products. “We wish to inform that today M/s Thatta Cement Company Limited (THCCL) has executed a Joint Venture Shareholders’ Agreement with Cementia Holding AG (Lafarge), Switzerland, in connection with ...

Sri Lanka Cement Corp plans to reopen Kankesanthurai Cement Factory

18 April 2013, Published under Cement News

Sri Lanka Cement Corporation is moving towards reopening of the Kankesanthurai Cement Factory which was damaged during the civil war. The state-owned Sri Lanka Cement Corporation controls the defunct Kankesanthurai Cement Works in Jaffna, once a major force in the economy of the north and has been the object of repeated proposals for revival. Speaking to the Ceylon Daily News, State Resources and Enterprise Development Minister Dayasritha Tissera said: “The government has decided to de...

Thatta Cement to construct grinding plant in Sri Lanka

05 April 2013, Published under Cement News

Pakistan-based Thatta Cement Company Limited (TCCL) has signed an agreement with Sri Lanka Ports Authority (SLPA) for the construction of a grinding plant as well as a storage and bagging facility. The SLPA had signed a preliminary agreement with Thatta Cement back in January 2012 and now a formal agreement with the Sri Lankan government has been signed for the implementation of the project. The grinding plant will initially produce 100,000tpa which is expected to be increased in the f...

Holcim Lanka appoints new CEO, Sri Lanka

26 March 2013, Published under Cement News

Philippe Richart, formally responsible for the readymix concrete business in Holcim Vietnam, has been appointed CEO of Holcim Lanka, effective 1 March 2013. The change of CEO, which was announced in February 2013, was part of a generational change in the company’s leadership. Philippe joined Holcim Group Support in 2004 as a Commercial Project Manager for the Aggregates and Constructions Materials function, working on aggregates market development and performance improvement in various r...

Lucky Cement eyes Sri Lanka grinding project

29 November 2012, Published under Cement News

Pakistan’s largest cement producer Lucky Cement is considering the construction of a 500,000tpa grinding plant in Sri Lanka as part of its plan to expand its presence overseas. Bloomberg newswires quoted chief executive Muhammad Ali Tabba as saying that the firm has sought state land to build a factory. Pakistan's Tatta Cement has already been given a concession to build a grinding plant in Sri Lanka's Hambantota port. The company is also constructing a 1.2Mta plant in Congo and a grin...

Holcim to invest US$20m to develop Ruhuna plant capacity

14 November 2012, Published under Cement News

Holcim Sri Lanka will invest US$20m to develop grinding capacity at the Ruhuna plant in Galle to meet the future demand in emerging markets. Vice president marketing and sales Viraj Gunasekera said that the grinding capacity will be increased by 600,000t once the work is completed in 2013. At present the production stands at 400,000tpa. He said the hotel chains in the north and east has just started work and there will be a rapid growth of demand for cement in the next 2-3 years. The GDP g...

Sri Lanka: Lanka Cement to establish a grinding and packing plant

13 November 2012, Published under Cement News

Lanka Cement PLC says, it is planning to establish a joint venture with international cement manufactures to set up a grinding and packing plant in the Northern province of Sri Lanka. NSM Samsudeen, Lanka Cement chairman, reveals that the proposed plant will be established outside the High Security Zone in Kankasanturai. “The excavation of Limestone deposits is not permitted, only option is to setup a clinker grinding facility with foreign collaboration,” stated Samsudeen in the company’s ...

Sri Lanka increases cement prices

15 October 2012, Published under Cement News

Sri Lanka's consumer affairs authority has raised the price of a 50kg bag of cement by 68 to 85 rupees from midnight Saturday, Sri Lanka's Daily Mirror newspaper said in its online edition.  The price of cement made by Holcim, which runs a fully integrated domestic factory, remain unchanged, the report said. Manufacturers of cement from imported clinker as well as importers were hit by price controls, after energy prices rose and the exchange rate depreciated. Earlier amid a gl...

Sri Lanka: Hambantota Port to receive grinding unit and cement storage and bagging facilities

24 August 2012, Published under Cement News

The Sri Lankan government is ready to expand the Hambantota port with the financial assistance of Exim Bank of China and the government of China. Exim Bank of China will provide a US$600m loan and a CNY1bn (US$157m) loan will be given by the government of China. Prior to this, the Sri Lankan government received Chinese government financial assistance to complete the first phase of the port. The project is the biggest service and industrial port in the country constructed closest to the in...

India Cements 1Q net profit drops 39.2%

14 August 2012, Published under Cement News

India Cements Ltd today said that it has reported a decline of 39.2 per cent in its net profit for the first quarter ended June 2012 at INR62.07 crore. The net profit of the company stood at INR102.03 crore during the same period a year ago, said India Cements in its filing to the Bombay Stock Exchange on August 13, 2012. Meanwhile, the company has said it is exploring at possibilities of exports to Sri Lanka and South African countries. Speaking to Business Standard of India, N Srini...