Cement News tagged under: Sri Lanka
Tokyo Cement Group receives the Gold Medal award25 May 2023, Published under Cement NewsTokyo Cement Co (Sri Lanka) received the Gold Medal for exceptional environmentally conscious business practices in the Chemical Industries Category at the Presidential Environmental Awards 2021-22 organised by the Central Environmental Authority (CEA) last month. The award recognises the multiple sustainable industry practices adopted by Tokyo Cement Group, according to CEA’s website information. His Excellency the President Honorary, Ranil Wickramasinghe, presented the prestigious Go... |
Sri Lankan government urged to reduce bagged cement prices23 May 2023, Published under Cement NewsSri Lankan cement customers are urging the government to make cement bag prices reasonable, given the appreciation of the local currency after the economic crisis in the country. Presently 50kg bag prices are hovering between LKR2500-2650 (US$8.14-8.63), according to company websites. The National Construction Association of Sri Lanka (NCASL) expressed concern over reducing a bag of cement by LKR150. It said this reduction was insufficient and the government should further reduce the cement... |
Bangladesh cement exports surpass target by 20.7% in 9MFY2305 April 2023, Published under Cement NewsBangladesh has reported 48.7 per cent YoY growth in cement export revenue to US$9.68m in the 9MFY22-23 (July 2022-March 2023). This compares to US$6.51m in the same period a year earlier. The value of the target set for this period also saw a healthier growth of 20.7 per cent. According to the Bangladesh Export Promotion Bureau (EPB), this figure includes minor amounts of salt, stone and related products. Most of the cement exports were shipped to neighbouring countries. For th... |
INSEE Cement awarded road traffic safety management system certification28 March 2023, Published under Cement NewsINSEE Cement Sri Lanka ( Siam City Group) has been awarded ISO 39001:2012 certification in recognition of its road traffic safety (RTS) management system. “INSEE Cement logistics operations cover over 20 million kilometers each year due to our broad distribution network reaching the four corners of Sri Lanka and the scale of our operations. With this certification, we are confident that our road traffic safety management system is helping increase road safety, lower road traffic incide... |
INSEE Cement appoints new CEO06 January 2023, Published under Cement NewsSri Lanka’s INSEE Cement has appointed Jan Kunigk as its new chief executive officer, effective from 1 January 2023. Mr Kunigk replaces Nandana Ekanayake, who is retiring from the role of CEO but will continue as chairman of the company. Mr Kunigk has previously held the positions of executive vice president at INSEE, as well as commercial director, responsible for marketing, sales, products and solutions, innovation and external affairs. Prior to joining INSEE Cement, he worked at Hol... |
Tokyo Cement posts 34% rise in revenue16 November 2022, Published under Cement NewsSri Lanka-based Tokyo Cement saw turnover advance 34 per cent YoY to LKR30,317m (US$82.5m) in the six months ended 30 September 2022. However the group reported an exchange loss of LKR3674m over the same period, giving a total exchange loss of LKR8733m over the calendar year so far, putting significant pressure on the group’s cashflows. Throughout the six-month period the group deployed aggressive cost management policies and efficiency improvements that proactively reduced operational ... |
INSEE Cement extends biodiversity MoU with IUCN08 November 2022, Published under Cement NewsSri Lanka’s largest cement producer, INSEE Cement , has entered into a Memorandum of Understanding (MoU) with the International Union for Conservation of Nature and Natural Resources (IUCN), according to The Colombo Post. The agreement will extend their long-standing partnership to continue INSEE’s biodiversity projects for a further three years, from 2022 to 2025. The MoU was signed by Nandana Ekanayake, chairman and CEO of INSEE Cement, and Anshuman Saikia, coordinator of regional portfo... |
Tokyo Cement Co (Lanka) sees 76% increase in 2Q revenues11 August 2022, Published under Cement NewsTokyo Cement (Co) Lanka plc posted a 76 per cent YoY increase in revenues to LKR11,442m (US$31.8m) in the three months ended 30 June 2022 (2QFY22-23). In the equivalent quarter of the previous year revenues stood at LKR6503m. The company’s gross profit increased by 285 per cent YoY to LKR3299m in the 2QFY22-23 when compared with LKR856.6m in the year-ago period. Profit before interest and taxation was up 272 per cent YoY to LKR2256m from LKR606.3m. However, finance expenses of LKR2224m... |
Tokyo Cement reports 31% jump in turnover07 June 2022, Published under Cement NewsTokyo Cement has reported a 31 per cent YoY increase in turnover to LKR16,158m (US$45m) in the fourth quarter of its financial year, ending 31 March 2022. Compared to the same period a year earlier, sales volumes declined by 11 per cent due to a breakdown at one of the company's grinding mills and the lack of availability of raw materials. For the current financial year as a whole, the company’s sales volumes improved by just one per cent, while turnover saw YoY growth of 22 per cent to LK... |
Lanwa Cement Corp inaugurates Hambantota plant today07 March 2022, Published under Cement NewsSri Lanka’s President Gotabhaya Rajapaksa is expected to open Lanwa Sanstha Cement Corp (Pvt)’s 4Mta in the Mirijjawila Export Processing Zone of Hambantota today. The cement works includes a fully-automated stacker reclaimer yard and two bridge types of ship unloaders for efficient, waste-free and sustainable handling of cargo. Lanwa Sanstha Cement Corp will produce the full range of cement types, including ordinary Portland Cement, Portland composite cement and blended hydraulic cement... |