Cement News tagged under: Sri Lanka

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Sri Lanka post-war reconstruction spurs cement demand

04 July 2012, Published under Cement News

Tokyo Cement, a Sri Lankan-Japanese joint venture says that cement demand in the country is being spurred by large-scale government infrastructure projects related to post-war and flood reconstruction, according to local press reports. In its 2011/2012 annual report, Tokyo Cement also highlighted that the surge in private credit has contributed towards higher demand for cement, Daily News Sri Lanka notes. The private sector has been mainly engaged in building housing and housing schemes as...

Sri Lanka's CCA siezes outdated cement

02 July 2012, Published under Cement News

The Consumer Affairs Authority (CAA) of Sri Lanka has seized a stock of cement that expired early this month, according to local press reports. The CAA reportedly raided the storage facility of the government-owned Sri Lanka Cement Corporation in Panchikawatte. The expired cement had been sold from the warehouse after the expiry date of June 12th. The expired cement was allegedly being loaded onto a truck to be sold in the market when the CAA officials arrived at the storage facility. The...

Consumer authority raids warehouse on repacked cement, Sri Lanka

19 June 2012, Published under Cement News

Sri Lanka’s Consumer Affairs Authority (CAA) of Sri Lanka has raided a warehouse of state-run Cement Corporation and seized thousands of expired cement bags that are allegedly being repacked. The CCA conducted the raid following a tip-off that expired cement stocks imported from Pakistan were being repacked after the expiry dates have lapsed, local press report. The authorities have confiscated around 7000 cement bags from a warehouse in Panchikawatta in Colombo and sealed the facility. ...

Tokyo Cement net profit held back by tax increases, Sri Lanka

06 June 2012, Published under Cement News

Sri Lanka's Tokyo Cement (Lanka) Plc said net profits for the March quarter rose just two per cent to SLR130.24m a year earlier, held back by a steep increase in taxes. According reports by Sri Lanka business online, the Japanese-Sri Lanka joint venture, said revenues rose sharply by 61 per cent to SLR6.81bn in the March 2012 quarter, lifted by the post-war construction boom. Gross profits also rose 36 per cent to SLR832m, but steep increase in income tax to SLR177m in the March 2012 qua...

KKS Cement Factory to resume operations, Sri Lanka

15 May 2012, Published under Cement News

THe Kankesanthurei Cement Factory (KKS), Sri Lanka’s oldest cement plant, will resume operations before year-end under a programme to revive state ventures, according to Dr Willy Gamage State Resources and Enterprise Development Ministry Secretary In a interview with the Sri Lanka Sunday Observer, Mr Gamage and SJ Paranagama, Chairman of the Sri Lanka Cement Corporation (SLCC) discussed the project’s progress. Presently, there are two projects in the pipeline: one is the establishment of a...

Pakistan cement exports earn US$339m in 9MFY2011-12

25 April 2012, Published under Cement News

During 9MFY2011-12 (July-March), Pakistan cement exporters saw recovery in cement exports in terms of value. In Pakistani currency, the export also rose by 6.06%. In addition, the average cement price improved. The Pakistan cement manufacturer and exporters  exported 6.51Mt of cement and earned US$339.208m compared to 6.72Mt at US$329.696m in the corresponding period last year. The figures indicate that cement exports fell by 3.07% in terms of volumes but increased 2.89% in terms of dolla...

Holcim Lanka’s alternative fuels option, Sri Lanka

19 March 2012, Published under Cement News

Holcim Lanka Ltd is beginning to use agricultural waste to generate power in the cement manufacturing process. Speaking to the Daily News Business, Chairman of Holcim Lanka, Manilal Fernando, said that the company is using rice husks, straw, agricultural waste and other waste materials to generate power. "This initiative has helped the company to reduce production cost by almost 30%," he said. Mr Fernando said that they are also currently doing research to save more energy by way of usin...

Tokyo Cement quarterly net profit up 43 per cent, Sri Lanka

20 February 2012, Published under Cement News

Sri Lanka’s Tokyo Cement said net profits for the December quarter rose 43 per cent to LKR275m (US$2.3m) from a year earlier with revenues up 39 per cent to SLR5.7bn. The company’s revenues grew 38% to LKR5.7bn cost of sales rose at a faster 44% but the firm grew gross profits at a slower 17%. Tokyo Cement is a joint venture between Nippon Coke and Engineering (formerly Mitsui Mining) and the local St Anthony’s Industries, selling the Mitsui brand.  It operates a 1.8Mta grinding capac...