Cement News tagged under: Sri Lanka

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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...

Semen Indonesia: unsuccessful Holcim (Lanka) bid will not deter from ASEAN expansion

29 September 2016, Published under Cement News

PT Semen Indonesia (Persero) Tbk's director, Rizkan Chandra, has claimed that Siam City's bid for Holcim (Lanka) Ltd was "an outrageous price". Siam City Cement won 99 per cent of the Holcim Lanka shares for US$400m. "We lost the tender in Sri Lanka because Siam City Cement bid an outrageous price," said Mr Chandra to CNN Indonesia. "The price Siam City paid was an anomaly. The lowest price by one of the seven other bidders was US$240m," he explained. The director disclosed that ...

Sri Lanka: Tokyo Cement increases profits by 38%

22 August 2016, Published under Cement News

Tokyo Cement Plc saw its April-June quarter net profit increase 38 per cent YoY to LKR643.8m (US$4.42m) amid strong top-line gains and better cost management. Group turnover for the quarter rose nine per cent YoY to LKR7.5bn, while cost of sales rose at six per cent, allowing the group to post a gross profit of LKR1.8bn, up 20 per cent YoY. The group was able to keep its operational costs in check as distribution and administrative costs increased only two and four per cent YoY, ...

Sri Lankan cement imports up in 2016

22 August 2016, Published under Cement News

Sri Lanka’s cement production edged up by 19.7t to 1.04Mt in January-May 2016 and imports were up 18.4 per cent to 1.88Mt. Collectively, production and imports rose by 450,000t to 2.93Mt for the first five months of 2016, an 18.9 per cent increase compared to a year earlier. In the same period in 2015, production and imports rose by 103,000t to 2.46Mt, a 4.4 per cent advance when compared with a year earlier. The country has recently witnessed a recovery in demand in the housing sector...

India Cements: 1Q16 EBITDA edges up to INR2.05bn

19 August 2016, Published under Cement News

India Cements saw its net sales slip to INR12.02bn in April-June 2016 from INR12.12bn in the corresponding period of the previous year. The company's EBITDA for the quarter rose to INR2.05bn from INR2bn in 1Q15. While volumes were higher YoY, in terms of MoM trend, tonnages were lower. Elections in Tamil Nadu and an easing of price during April and May impacted the sales. However, pricing has picked up in June and July, according N Srinivasan, India Cements' vice-chairman and MD. Durin...

Tokyo Cement Ube Industries deal

10 August 2016, Published under Cement News

Tokyo Cement Group (Lanka) Plc has signed a deal on 1 August with Japanese company Ube Industries Ltd, for the import of raw materials and technical support to produce cement. In a statement Tokyo Cement said: “Tokyo Cement Group has entered into a collaborative agreement with Ube Industries Ltd of Japan for technical support services and import part of their raw materials requirement from Japan to manufacture high-quality cement.” Ube Industries operates in five business segments - ce...