Cement News tagged under: Sri Lanka
Tokyo Cement to set up new unit, Sri Lanka24 July 2013, Published under Cement NewsTokyo Cement is in talks to set up a new US$50m facility under the name of Tokyo Eastern Cement Company as part of the Sri Lanka-based cement producer’s expansion strategy to meet anticipated rises in demand. “We are currently in the process of finalising a 33-year lease agreement with the government for the land, to construct the factory,” SR Gnanam, managing director of Tokyo Cement said. The new factory will be located adjoining the company’s existing 1.8Mta grinding factory in Trinc... |
Sri Lanka sales expected to pick up17 July 2013, Published under Cement NewsFollowing a contraction in the first quarter of this year, cement demand in Sri Lanka is expected to pick up, according to forecasts by one of the country’s leading producers. "During 2012, the momentum of residential housing construction slowed down, and in the first quarter of 2013, private tourism related constructions too, indicated signs of slower growth," managing director of Tokyo Cement, SR Gnanam, told shareholders in the annual report. "Meanwhile, the SME contractor segment, t... |
Nepal billionaire plans new Sri Lanka factory21 May 2013, Published under Cement NewsNepal's first Forbes billionaire, Binod Chaudhary, plans to set up a state-of-the-art cement plant in the high growth-market of Sri Lanka. Quoting a statement issued by Chaudhary's office, the Daily Mirror said in its online edition that Chaudhary has submitted a proposal to the Sri Lankan government to set up a cement plant in the Jaffna Peninsula at a cost of US$75m. According to the press statement, Chaudhary expressed confidence that Sri Lanka is on the threshold of a dynamic p... |
Thatta Cement signs joint venture agreement with Cementia10 May 2013, Published under Cement NewsPakistan 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 Factory18 April 2013, Published under Cement NewsSri 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 Lanka05 April 2013, Published under Cement NewsPakistan-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 Lanka26 March 2013, Published under Cement NewsPhilippe 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 project29 November 2012, Published under Cement NewsPakistan’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 capacity14 November 2012, Published under Cement NewsHolcim 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 plant13 November 2012, Published under Cement NewsLanka 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 ... |