Cement News tagged under: Sri Lanka
Sri Lanka increases cement prices15 October 2012, Published under Cement NewsSri 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 facilities24 August 2012, Published under Cement NewsThe 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 NewsIndia 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... |
Sri Lanka post-war reconstruction spurs cement demand04 July 2012, Published under Cement NewsTokyo 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Sri Lanka's CCA siezes outdated cement02 July 2012, Published under Cement NewsThe Consumer Affairs Authority (CAA) of Sri Lanka has seized a stock of cement that expired early this month,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 Lanka19 June 2012, Published under Cement NewsSri 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 Lanka06 June 2012, Published under Cement NewsSri 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 Lanka15 May 2012, Published under Cement NewsTHe 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 9MFY2011-1225 April 2012, Published under Cement NewsDuring 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 Lanka19 March 2012, Published under Cement NewsHolcim 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... |