Cement News tagged under: Sri Lanka

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Ube Industries increases stake in Tokyo Cement

28 June 2017, Published under Cement News

Japan-based Ube Industries' Singapore subsidiary Ube Singapore Holdings has acquired a further 10.62m shares in Sri Lanka-based Tokyo Cement Company Lanka Plc, for LKR764.6m (US$5m), a stock exchange filling said. As at 31 March 2017, Ube Singapore Holdings held a share of over two per cent (4.4m shares) in Tokyo Cement. With this new acquisition its shareholding has increased to over 10 per cent.

Vietnam April exports up 6.7%

19 May 2017, Published under Cement News

Vietnam exported more than 1.9Mt of cement and clinker, reflecting an export value of US$67.4m, according to the country’s Customs Department. This represents a YoY increase of 6.7 and 7.6 per cent, respectively. In the first four months of the year, the country exported 6.7Mt of cement and clinker, up 12.8 per cent YoY. In terms of value a 7.9 per cent rise to US$235m was reported. Bangladesh and the Philippines were the largest importers, accounting for 37 and 32 per cent, respectively o...

Tokyo Cement inaugurates second biomass power plant

11 May 2017, Published under Cement News

Sri Lankan cement producer Tokyo Cement has officially opened its second biomass power plant at Trincomalee in the presence of country president Maithripala Sirisena, Daily News (Sri Lanka) reported. The Tokyo Eastern Biomass Plant began construction in 2015 with an investment of over LKR2.5bn (US$16.3m). The plant will contribute 70GWh per year to the national grid, generated using industrial and agricultural waste sourced through community trade. In total, the plant will produce 160,...

Sri Lanka: INSEE Cement launches INSEE Academy

06 April 2017, Published under Cement News

Siam City Cement (Lanka) Ltd (SCCL) launched the INSEE Academy on 23 March in Colombo, Sri Lanka. The INSEE Academy as an initiative by SCCL to accelerate the growth of 'home grown talent' to take senior roles within Sri Lanka and other group companies. The Academy’s motto is 'Inspire.Instill. Ignite', aims to 'Inspire' employees to be better, 'Instill' values and 'Ignite' a passion for excellence and is a virtual training academy with a strategic focus on five key areas. These areas incl...

Sri Lanka: new CEO for Siam City Cement Lanka

13 March 2017, Published under Cement News

Nandana Ekanayake will assume duties as CEO of Siam City Cement Lanka Ltd as of 14 Match. Prior to joining Siam City Cement, Mr Ekanayake has held positions of Finance Director of Holcim (Vietnam) and Finance Vice President of Holcim Lanka Ltd.

Sri Lanka: production and imports spike in 9M16

01 February 2017, Published under Cement News

Sri Lanka's combined cement production and imports were up 28.4 per cent YoY to 6.5Mt by October 2016, indicating a strong recovery in the construction sector. Domestic production was up 17.5 per cent (334,000t) to 2.24Mt, according to central bank data. Import volumes were up 35 per cent (1.1Mt) to 4.2Mt. In 2015 domestic production expanded 21 per cent to 2.28Mt, but imports fell 1.4 per cent to 4.09Mt. Total cement production and imports rose only 5.8 per cent to 6.78Mt in 2015.

Sri Lanka: 'Vijaya' brand of cement launched

30 January 2017, Published under Cement News

Oliver Impex (Pvt) Ltd launched its latest brand of cement to the construction market in Sri Lanka at a special event attended by key stakeholders from the construction industry and distributors from around the island. The cement will be marketed under the name “Vijaya Cement”, which is a high-quality product which is SLS 107 certified and with strength class of 42.5 N, said the company. Mohamed Saly Mohamed Faris, director of Oliver Impex (Private) Ltd, said,"Our main aim is not to...

Sri Lanka: INSEE Cement links with universities

23 January 2017, Published under Cement News

Cement manufacturer INSEE Cement (formerly known as Holcim (Lanka) Ltd) has signed a partnership with three of Sri Lanka’s universities – Peradeniya, Moratuwa and Ruhuna – to boost the local construction industry with research agreements. This partnership was formalised between INSEE Cement’s Sri Lankan corporate unit, Siam City (Lanka) Ltd. The agreement implies INSEE Cement’s assistance with research on identified challenges faced by the construction industry, knowledge sharing with t...

Sri Lanka: Tokyo Cement expansion project

20 December 2016, Published under Cement News

Tokyo Cement Co (Lanka) Plc has commenced initial testing at its cement plant in Trincomalee, Sri Lanka. The fully-automated plant is expected to nearly double the company’s production capacity when it begins commercial operations in February 2017. It will add 1Mta to the existing capacity of Tokyo Cement, bringing total production capacity to 2.8Mta. This plant symbolises the beginning of an expansion plan undertaken by Tokyo Eastern Cement Co (Private) Ltd, a fully-owned subsidiary of T...

Thailand: SCCC profits shrink

31 October 2016, Published under Cement News

Siam City Cement Co (SCCC) posted a smaller profit for 9M16 as a result of higher financing costs, spending on acquisitions and annual shutdowns. CEO, Siva Mahasandana, said the net sales for 9M16 stood at THB24.8bn (US$708.4m), a five per cent increase from the THB23.7bn registered in the same period of 2015. Net profit fell 16 per cent YoY from THB3.6m to THB3m in the period under review. SCCC recently acquired a Sri Lankan cement manufacturer Holcim (Lanka) Ltd with the deal complet...