Cement News tagged under: Sri Lanka

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INSEE Ecocyle Lanka launches Ecocycle Environmental Services

12 February 2019, Published under Cement News

Insee Cement's subsidiary INSEE Ecocyle Lanka is launching an eco-friendly service called Ecocycle Environmental Services  to collect and process waste from industries around the Biyagama Export Processing Zone, Sri Lanka. INSEE Ecocycle has established a range of much needed industrial waste management services, including laboratory services, e-waste management, emergency response, training and consultancy, specialised logistics, sought after by corporate customers for sustainability endea...

Chinese manufacturer to enter Sri Lankan market

22 January 2019, Published under Cement News

A Chinese cement manufacturer will set up a plant in the Hambantota Export Processing Zone, Sri Lanka, according to Nalin Bandara, deputy minister of Development Strategies and International Trade. Although the name of the manufacturer has not been released, it is the first time that a Chinese manufacturer has entered the country's market. "Since most of the regional markets have large cement manufacturers, this Chinese company would mainly concentrate on Sri Lankan markets," said Mr Banda...

INSEE Cement starts shipments into Hambantota International Port

16 January 2019, Published under Cement News

Hambantota International Port has begun taking cement industry shipments in Sri Lanka, extending its bulk handling capabilities. INSEE Cement became the first cement producer to use the facilities at the port by unloading the Ithaca Patience, which discharged 27,150t of slag cargo. "The advantage of bringing in bigger ships provides economy of scale, and the efficiency with high productivity levels has made Hambantota Port the preferred option for the cement industry operating in the south,...

Sri Lanka's cement output rose 11% in September

08 January 2019, Published under Cement News

Sri Lanka's cement production fell 3.2 per cent to 2.086Mt in the first nine months of 2018, but output picked up in September. Total imports and production was flat at 6.204Mt in the first nine months of the year, against 6.229Mt a year earlier, reports the Central Bank. In September domestic production rose by 11.4 per cent to 262,000t. Imports also increased by18 per cent to 909,000t during the month. Sri Lanka's statistics office said the construction sector grew 2.5 per cent in rea...

Insee Cement wins environmental awards

05 November 2018, Published under Cement News

Insee Ecocyle Lanka, a subsidiary of Siam City Cement (Lanka) Ltd, scooped the silver award in the solid waste recovery, recycling and disposal or processing category at the Presidential Environmental Awards 2018, held at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo, Sri Lanka. Insee Ecocycle Lanka director Sanjeewa Chulakumara said, "Insee Ecocycle is now established as an independent company, and diversified its business portfolio to provide non-kiln based wa...

Rizmy Rishard becomes director Siam City (Lanka) Ltd

05 September 2018, Published under Cement News

Siam City Cement (Lanka) Ltd has announced the appointment of Rizmy Rishard as an Independent Director, to its Board, effective from July 2018. Mr Rishard brings with him extensive experience in business transformation, having played a local and global role in multinational and local conglomerates during his career spanning 25 years. Mr Rizmy is a Chartered Management Accountant and a Chartered Marketer with a strong affiliation to Human Resource Management. He received his executive educa...

Sri Lanka gears up for the future

03 September 2018, Published under Cement News

This week CemNet reported that Sri Lanka saw a 56 per cent rise in cement imports , which reached record levels in May, while monthly domestic production remained stable at 0.22Mt. It may appear that the country's construction sector is again buoyant following a slowdown in the first half, when Tokyo Cement Co (Lanka) Plc reported 1H18 losses due to weaker construction activity resulting from delayed projects. In addition, both INSEE Cement and Tokyo Cement Co (Lanka) Plc applied for a ce...

Sri Lanka gears up for the future

31 August 2018, Published under Cement News

This week CemNet reported that Sri Lanka saw a 56 per cent rise in cement imports , which reached record levels in May, while monthly domestic production remained stable at 0.22Mt. It may appear that the country's construction sector is again buoyant following a slowdown in the first half, when Tokyo Cement Co (Lanka) Plc reported 1H18 losses due to weaker construction activity resulting from delayed projects. In addition, both INSEE Cement and Tokyo Cement Co (Lanka) Plc applied for a ce...

Sri Lanka sees 56% rise in May imports

28 August 2018, Published under Cement News

Leading analysts point to a recovery in Sri Lanka's construction sector following a 56 per cent rise in cement imports during May 2018, while domestic production has also increased. Following the 1Q18 contraction in construction of 4.9 per cent, cement imports surged to 633,000t in May 2018, taking the total imports in the first five months to 2.3Mt, which is up 1.5 per cent from a year earlier. Domestic production grew 0.5 per cent to 220,000t in May. However, over the first five months o...

Sri Lanka’s Tokyo Cement reports increased loss

13 August 2018, Published under Cement News

Tokyo Cement Plc reported losses of LKR605m (US$3.78m) in the June 2018 quarter as revenues fell and the sale of a vessel added LKR380m to the losses already sustained. In the June 2018, revenues declined four per cent to LKR7.76bn while costs rose by four per cent to LKR6.2bn. Finance expenses increased 170 per cent to LKR380m. Gross profits fell 27 per cent YoY to LKR1.507bn. The company attributed the losses to a slowdown in construction as delayed local government polls had halted sma...