Cement News tagged under: Sri Lanka
Tokyo Cement (Lanka) Plc increases profits by 163% in FY2Q2104 November 2020, Published under Cement NewsTokyo Cement (Lanka) Plc reported earnings of LKR2.12bn (US$11.49m) for the FY2Q21 on revenues of LKR11.4bn. Profits and revenues were up 163 per cent and 13 per cent, respectively, compared to the July-September period in 2019. Domestic cement production in August 2020 rose by 17.4 per cent to 392,000t compared to 334,000t in August 2019, reports the Daily Mirror. The cumulative cement production from January to August 2020 rose by six per cent to 2.448Mt, up from 2.31Mt in 1H19. |
New US$435m project set for Oman26 October 2020, Published under Cement NewsOman’s Duqm International Cement Projects Co is preparing to launch the country’s biggest integrated cement plant project with an investment of US$435m, according to the Oman News Agency. The new factory, to be located in the Special Economic Zone in Duqm (SEZAD), is expected to have a capacity of 3.5Mta (10,000tpd). It is due to start operations in 2023. The spokesman for the project stated that the new project will meet local market demand and also export to external markets such as ... |
PT Semen Padang exports 25,000t to Australia08 October 2020, Published under Cement NewsPT Semen Padang exported 25,000t of cement to Australia. The cargo of OPC Type I Grade 52.5N cement was shipped in MV Luga from Teluk Bayur Padang Port on West Sumatra, according to Fifit Abriyanto, senior export sales manager for Semen Indonesia Group. In addition, the company also exported around 35,000t of clinker to Bangladesh in September, reported Bisnis. To support the optimisation of its plant operations, PT Semen Padang is targeting cement and clinker export sales of 1.58Mt in 2... |
INSEE Sri Lanka appoints new CEO08 October 2020, Published under Cement NewsGustavo Navarro has been appointed as the new CEO of INSEE Cement Sri Lanka. Mr Navarro took up the position on 1 September after Nanndana Ekanayake relinquished the CEO duties after three-and-a-half years in the position. Mr Navarro was previously CEO for Holcim in Serbia and Russia as well as CEO for CRH's Romanian subsidiary. |
Sri Lanka sees production rise 26% in July06 October 2020, Published under Cement NewsSri Lanka’s cement production in July rose 26.3 per cent YoY to 413,000t from 327,000t last year, according to the Daily Mirror. Total domestic cement production increased 4.1 per cent to 2.056Mt during the 7M20, against 1.976Mt in the comparable period of 2019. Cement imports in July stepped down to 422,000t from 430,000t in the year-ago period.Total cement imports for the January-July period also declined 33.7 per cent YoY to 1.936Mt from 2.921Mt. However, total consumption in July a... |
Sri Lanka cement production and imports see sharp rise in June16 September 2020, Published under Cement NewsSri Lanka's cement production and imports recovered in June by 42.6 per cent YoY, according to Central Bank data. In June cement imports also grew by a record 58.9 per cent YoY to reach 404,000Mt, overtaking domestic cement production, which increased by 28.3 per cent YoY to reach 370,000Mt. June was the first month of this year to record a positive growth in cement imports. Sri Lanka’s domestic cement production and imports had fallen by over 40 per cent YoY since March this year. In ... |
INSEE ramping up output at Galle plant18 June 2020, Published under Cement NewsINSEE Cement will be ramping up production at its Galle cement plant to support the local economy’s fast recovery from the COVID-19 pandemic. The company said in a statement that over the years, local cement manufacturers have contributed immensely in enriching the national economy through value additions that support the employment opportunities, up-skilling of local construction professionals through continuous training and education provided across all levels of stakeholders along with ... |
Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY2027 May 2020, Published under Cement NewsTokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc... |
Coronavirus impacts Pakistani cement trade21 April 2020, Published under Cement NewsThe exports of clinker and cement from Pakistan to Afghanistan, Bangladesh, Sri Lanka and rest of the world have been impacted by the lockdown, curfew and other measures to stop the spread of the coronavirus in these countries. This was disclosed by Irfan Amanullah, senior general manager, Attock Cement Pakistan Ltd (ACPL), during a presentation of Cement Sector Outlook, organised by BMA Capital in Karachi. He attributed the disruption due to a number of reasons and said no exports were be... |
Sri Lanka looks to lift curfew and open factories20 April 2020, Published under Cement NewsSri Lanka's Government is considering the easing of the month-long curfew on the island from this week. Minister of Health and Indigenous Medicine, Pavithra Waniarchchi, announced that all clusters of COVID-19 in Sri Lanka had been successfully detected and that the government was keen to gradually restart industry to protect the national economy. Senior Economist and Senior Lecturer at the University of Colombo, Professor HD Karunaratne, said: "We are importing raw material from China and ... |