Cement News tagged under: Tokyo Cement

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Tokyo Cement posts 34% rise in revenue

16 November 2022, Published under Cement News

Sri Lanka-based Tokyo Cement saw turnover advance 34 per cent YoY to LKR30,317m (US$82.5m) in the six months ended 30 September 2022. However the group reported an exchange loss of LKR3674m over the same period, giving a total exchange loss of LKR8733m over the calendar year so far, putting significant pressure on the group’s cashflows. Throughout the six-month period the group deployed aggressive cost management policies and efficiency improvements that proactively reduced operational ...

Tokyo Cement reports 31% jump in turnover

07 June 2022, Published under Cement News

Tokyo Cement has reported a 31 per cent YoY increase in turnover to LKR16,158m (US$45m) in the fourth quarter of its financial year, ending 31 March 2022. Compared to the same period a year earlier, sales volumes declined by 11 per cent due to a breakdown at one of the company's grinding mills and the lack of availability of raw materials. For the current financial year as a whole, the company’s sales volumes improved by just one per cent, while turnover saw YoY growth of 22 per cent to LK...

Tokyo Cement (Lanka) reports 20% increase in revenues

10 February 2022, Published under Cement News

Tokyo Cement Group reported a 20 per cent advance in its turnover to LKR13.771bn (US$68.1m) for the third quarter ended 31 December 2021 when compared with LKR11.456bn in the 3QFY21-22. Profit for tax during the 3QFY21 grew by 38 per cent YoY to LKR1.986bn in the 3QFY21-22. Profit after tax reached LKR1.649bn, up from LKR1.303bn in the 3QFY20-21. However, sales volumes fell by three per cent as the company saw shortfalls in the supply chain, including the breakdown of a cement mill for m...

Tokyo Cement lays foundation stone for expansion project

19 January 2022, Published under Cement News

The Management of Tokyo Cement Company (Lanka) PLC recently laid foundation for a factory expansion project in Trincomalee, to increase its manufacturing capacity by a further 1Mta. The project scheduled to be completed by early 2023 will bring Tokyo Cement Group’s total installed capacity to 4Mta, firmly establishing the Company’s position as the largest manufacturer of cement in Sri Lanka. The new expansion project at the Tokyo Cement Factory in Trincomalee reflects the company’s r...

Tokyo Cement commissions new terminal capacity

20 December 2021, Published under Cement News

Sri Lanka’s Tokyo Cement has commissioned operations at its expanded Colombo terminal, following a LKR2.5bn (US$12.35m) investment. The capacity upgrade will fully come online when all three new cement storage silos, each with a capacity of 6000t, become operational, according to Daily News. The expansion will increase the company’s total bulk cement imports from 600,000tpa to over 1Mta.

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...

Susumu Ando Ube Singapore's Nominee Director for Tokyo Cement Co (Lanka)

25 August 2017, Published under Cement News

Tokyo Cement announced the appointment of Susumu Ando as the Nominee Director for Ube Singapore Pte Ltd to the Tokyo Cement Company (Lanka) PLC's Board of Directors effective from 28 July 2017. Susumu Ando is currently serving as the Managing Director of Ube Singapore Pte Ltd, which recently increase their stake in Tokyo Cement. He joined the Ube Group in 1997 with a Bachelor of Commerce degree from Ritsumeikan University in Japan. He has served in the company’s cement, construction mater...

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.

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: 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...