Cement News tagged under: Sri Lanka
Singha's Sri Lanka terminal on track for 2015 completion26 March 2014, Published under Cement NewsSingha Cement’s new state-of-the-art Sri Lankan cement terminal is on track for completion next year, doubling the company's existing capacity. “The reason for this expansion is to meet the high demand for Singha cement in the country as well as to provide an enhanced, quality service to our customers,” Colin Nelson, managing director of the company, told Lanka Business Today. Singha Cement, part of the Italcementi Group, currently operates a land based terminal at Peliyagoda in Colombo, f... |
Thatta Cement's Sri Lanka port project on hold17 March 2014, Published under Cement NewsPakistan-based Thatta Cement has temporarily suspended its proposed grinding and bagging plant in Sri Lanka’s Hambantota Port as it awaits the Land Lease Agreement (LLA) to be signed by relevant authorities. In a filing to the Karachi Stock Exchange, Thatta Cement said that the Sri Lanka Ports Authority (SLPA) has not executed a LLA despite the “basic engineering being completed.” Muhammad Taha Hamdani, CFO and company secretary of Thatta Cement, expressed its dissatisfaction that SLPA... |
Southern Indian producers start shipments to Myanmar06 February 2014, Published under Cement NewsCement producers in southern India have begun exporting to Myanmar in a bid to boost utilisation rates as regional domestic demand remains subdued. According to reports by The Times of India, Chettinad Cements, India Cements, Dalmia Cements and Ramco Cement have started shipments to Myanmar in the past few months. Dalmia Cements began exporting cement last month with volumes amounting to 10,000-12,000t. Ramco Cements, meanwhile, has shipped around 40,000t cement from Karaikal Port, whic... |
South Indian cement makers start exports to Myanmar03 February 2014, Published under Cement NewsIt has been locally reported that Chettinad Cements, The India Cements, Dalmia Cements and Ramco Cements have started shipping cement to Myanmar in the past few months. Depressed market conditions for the second year running have forced cement makers in south India to look at different export markets. "We started shipments to Myanmar last month of about 10,000 to 12,000t. It is not very remunerative, but when the chips are down, we have to do something to stay afloat," said Vipin Agar... |
Sri Lanka: Lafarge Mahaweli Cement sets up affordable-housing programme22 November 2013, Published under Cement NewsA affordable-housing programme, which has been successfully implemented around the world by the Lafarge Group, will now be introduced to Sri Lanka, enabling low-cost yet safe construction. Recipients of the loans will be selected through Sanasa Development Bank 's societies, according to the Lafarge plan, providing 75 housing loans initially, with the number expected to increase up to a 100. The Lafarge affordable-housing programme, which is initiated in the Gampaha district, has the potent... |
Tokyo Cement quarterly profit surges as costs fall, Sri Lanka06 November 2013, Published under Cement NewsSri Lanka's Tokyo Cement Company (Lanka) Plc, said profits in the September 2013 quarter rose to LKR619m (US$4.72m) in the September 2013 quarter up 166 per cent YoY due to lower raw material costs. The group said revenues were flat at LKR7.5bn in the September quarter but cost of sales fell seven per cent to LKR6.2bn from a year earlier, expanding gross profits 52 per cent to LKR1.3bn. |
Sri Lankan government plans four port-based cement facilities24 September 2013, Published under Cement NewsThe government of Sri Lanka plans to establish four cement facilities adjacent to the country’s main ports as part of its plan to establish new industrial estates within new and existing port structures. Approval has been granted to lease lands owned by the major ports of Colombo, Galle and Trincomalee to set up grinding and packing plants under the ‘One Cement Factory in One Harbour’ concept. The Sri Lanka Ports Authority highlight that establishing these facilities on port premises r... |
DG Khan Cement plans greenfield plant, Pakistan12 September 2013, Published under Cement NewsDG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn. The Pakistan-based manufacturer announced it is to set up the new 2.6Mta facility in the Hub District, Lasbela in the Baluchistan Province near Karachi. Its BoD has asked management to initiate the process to establish the plant, the land for which has already been acquired. If the new project comes to fruition... |
Sri Lanka's Tokyo Cement profits up six-fold22 August 2013, Published under Cement NewsLower raw material costs have aided profits at Sri Lanka's Tokyo Cement group. In the June 2013 quarter profits rose 660 per cent to LKR611m (US$4.63m) from a year earlier. The factors affecting cement sales in the country have changed significantly from last year when raw material costs were hurting cement producers and the government, which is in charge of cement prices, delayed a price hike on cement. As clinker production costs have fallen and the Sri Lankan currency has stabilised, ... |
Sri Lanka to restart Kankesanthurai works30 July 2013, Published under Cement NewsSri Lanka’s State Resources and Enterprise Development Ministry is to relaunch the Kankesanthurai cement works, involving an investment of LKR1.5bn (US$11.4m) NSM Samsudeen, chairman of the Sri Lanka Cement Corporation, handed over proposals to reestablish the defunct factory to Minister Dayasritha Tissera on Friday, according to reports by the Sri Lankan Broadcasting Corporation. The plant is expected to resume operations within a year. The Kankesanthurai plant is situated in Jaffna, a re... |