Cement News tagged under: Tokyo Cement Co (Lanka)

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Tokyo Cement Co (Lanka) Ltd sees revenues fall in 4Q19

31 January 2020, Published under Cement News

Tokyo Cement Co (Lanka) Ltd earned profits of LKR257m (US$1.42m) in the December quarter. Revenues fell 13 per cent to LKR8.2bn in the quarter, but cost of sales fell at a faster 23 per cent to LKR6bn, helping grow gross profits 32 per cent to LKR2.2bn. In addition, distribution expense grew 18 per cent to LKR1.05bn. Sri Lanka has cut value added tax on cement, but also tightened price controls. Tokyo Cement Co (Lanka) Ltd runs grinding plants in the country and also distributes imported...

Tokyo Cement Co (Lanka) Plc is established

03 April 2019, Published under Cement News

Sri Lanka’s Tokyo Cement Co (Lanka) PLC board of directors have completed the amalgamation of Tokyo Super Cement Co Lanka (Pvt) Ltd, a fully-owned subsidiary company, with Tokyo Cement Co (Lanka) PLC (TCCL). The name of the amalgamated company is now Tokyo Cement Coy (Lanka) PLC. All Tokyo Super Cement Co Lanka (Pvt) Ltd shares representing the stated capital of the company will be cancelled without payment or any other consideration and TCCL will succeed to all the assets and liabilities o...

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...

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...

Tokyo Cement Co (Lanka) incorporates ready-mix subsidiary

16 February 2018, Published under Cement News

The Colombo Stock Exchange has been informed that Tokyo Cement Company (Lanka) PLC is incorporating Tokyo Supermix (Pvt) Ltd, a fully-owned subsidiary. The Primary objective for setting up the company is for operate manufacturing and distribution of ready-mixed concrete and value added cement products under a separate entity. Tokyo Cement Company (Lanka) PLC proposes to transfer all the assets and liabilities of the ready-mix operation to the fully owned subsidiary company.

Tokyo Cement makes settlement over brand name

24 October 2017, Published under Cement News

Tokyo Cement Company (Lanka) PLC agreed to a settlement over a suit filed against Ruhunu Lanka Cement (Pvt) Ltd in the Commercial High Court of the Western province, Sri Lanka. Tokyo Cement alleged infringement with regard to the similar trade names of the brands that the two companies distributed under. The plaintiff’s company, Tokyo Cement, distributes under various brands including Tokyo Super, Mitsui and Nippon. The company stated that it was in joint venture with Japan’s Mitsui Mining...

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...