Cement News tagged under: Sri Lanka

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Siam City Cement becomes regional market leader

07 June 2018, Published under Cement News

Siam City Cement (SCC) has strengthened its regional position in 2017 to become a market leader in southeast Asia. Key strategic investments in 2017 included the acquisition of plants from Cemex (Bangladesh), Holcim (Sri Lanka) and Cemex (Thailand) during 2016. More recently, It has constructed the greenfield Kampot cement plant with a 1.5Mta capacity in Cambodia in 4Q17. Moreover, according to SCC's annual 2017 report, the company has completed the acquisition of a 65 per cent stake i...

INSEE Cement strengthens its supply chain management

04 June 2018, Published under Cement News

Cement supply to Sri Lanka's domestic market is heavily dependent on imports of clinker and bulk cement. Therefore, supply chain management plays a vital role, which has forced INSEE Cement (Siam City group) to invest in palletisers, shipunloading equipment and a larger warehouse distribution network. Thusith Gunawarnasuriya, director of Procurement and Logistics at Siam City Cement (Lanka), said, "One key project was commissioning Sri Lanka's first cement bag palletiser at the Ruhunu cemen...

Tokyo Cement suffers LKR285m loss

01 June 2018, Published under Cement News

Sri Lanka's Tokyo Cement Co (Lanka) Plc has reported a LKR285m (US$1.79m) loss in the March 2018 quarter compared with a profit of LKR911m a year ago. Group sales fell two per cent to LKR8.8bn over the period, according to interim accounts filed with the stock exchange. In the year to 31 March 2018, Tokyo Cement made a net profit of LKR2.27bn although sales were down one per cent to LKR36bn.

Tokyo Cement launches ERP system

16 May 2018, Published under Cement News

Tokyo Cement Company (Lanka) PLC has fully integrated its Enterprise Resource Planning (ERP) ssytem throughout its business unites. Providence Global supplied the ERP solution across Tokyo Cement's network of facilities including the main cement manufacturing plant located in Trincomalee, Sri Lanka, the ready-mix concrete manufacturing plant network, bulk cement import operations terminal and biomass power generation units, fully integrating supply chain management and warehouse operation...

INSEE Cement launch skilled development programme

01 May 2018, Published under Cement News

INSEE Cement is investing approximately LKR2.2m (US$13,900) to support one of the biggest industry-entrepreneurial development projects introduced in Sri Lanka to strengthen the construction practices. According to media, in this pioneering initiative, National Enterprise Development Agency (NEDA ) of Sri Lanka is partnering with INSEE Cement to provide new skills and distribute latest industry and masonry technologies practised around the world to 4400 Lankan construction workers and maso...

Price rise granted for INSEE and Tokyo Cement

05 March 2018, Published under Cement News

The Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by LKR3 (US$0.019) with effect from last Wednesday, reports the Sri Lankan Sunday Times. The Ministry of Industry and Commerce had given consent to the two companies to increase the cement price subject to the approval of the CAA. INSEE and Tokyo Cement had requested to increase the price, citing high costs of importe...

Sri Lanka consumption down by 29% in October

11 January 2018, Published under Cement News

Cement sales in Sri Lanka fell 29.2 per cent YoY to 566,000t in October, according to the Central Bank of Sri Lanka. The drop follows a gain of 30.6 per cent YoY to 763,460t in September after falling for three consecutive months until August. In 8M17 sales reached 1.942Mt, down 9.1 per cent when compared with the equivalent period of the previous year. However, the bank’s governor, Dr Indrajit Coomaraswamy, said the decrease was nothing more than a blip and does not imply that the co...

Contractor wins LKR1m worth of Insee Sanstha cement

10 January 2018, Published under Cement News

The grand prize of the ‘Athek Barata Cementhi’ campaign by Insee Cement has been won by a contractor based in Meerigama, Sri Lanka. Chandika Rajapakshahas has received the prize of LKR1m (US$6,501) worth of Insee Sanstha cement in a competition designed to reward loyal customers, reports the Daily Mirror. Alongside this, 45 other winners received LKR50,000 worth of Insee Sanstha cement in a daily draw. "INSEE Sanstha is blended cement with a long-standing legacy. One in every three houses ...

Rise in cement consumption prompts expansion plans in Sri Lanka

05 January 2018, Published under Cement News

Cement consumption in Sri Lanka increased by 25.3 per cent YoY in 2016, to 7.99Mt from 6.37Mt. While local cement production also rose by 17.8 per cent to 2.69Mt from 2.28Mt in 2015, imports increased 29.5 per cent to 5.29Mt from 4.09Mt in 2015. This growth in consumption has prompted an expansion plan by Tokyo Cement Company Lanka Plc. In 2017 the company invested over LKR7.3bn (US$47.6m) to increase domestic production by 1Mt. Although no time frame has been announced, the company is al...

Insee Cement launches competition

23 November 2017, Published under Cement News

Insee Cement has launched a competition for customers who buy Sanstha Cement. The ‘Jumbo’s weight of cement’ competition offers the chance to win LKR50,000 (US$325) worth of Sanstha Cement in a daily draw. The grand prize is an ‘elephant’s weight of cement’, worth LKR1m according to the Daily Mirror. The daily draw will be open for 45 days. "People from lower and middle income families of the individual house builders segment of the consumer segment often find it financially difficult to e...