Cement News tagged under: Tokyo Cement Co (Lanka)

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Tokyo Cement Co imports bagged cement to address shortage

09 December 2021, Published under Cement News

Sri Lanka’s Tokyo Cement Co has begun distributing a shipment of bagged cement to fill a gap created in the market when importers stopped bag cement imports, according to the Daily FT. As a result, bagged cement will now reach end consumers in all parts of the island at the lowest maximum retail price of INR1275/bag (US$6.3), which is expected to lessen the impact of the cement shortage in the country.

Tokyo Cement Co (Lanka) sees revenue up 4%

05 November 2021, Published under Cement News

Tokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR127m. The quarter saw the company face a weakening rupee, foreign exchange shortage, which caused a delay in opening LCs, shortages and delays in raw material imports, soaring shipping costs and re-imposed lockdowns. While the fuel price increase and a lack of vessels escalated inbound freight rates by over 300 pe...

Tokyo Cement Co (Lanka) outlines measures taken to address cement shortage

28 October 2021, Published under Cement News

Sri Lanka’s Tokyo Cement Co (Lanka) has taken several immediate measures to address a cement shortage in the market, according to Dr Harsha Cabral PC, company chairman. Tokyo Cement is operating its plant in Trincomalee at the maximum installed capacity of around 170,000tpm and will continue to supply cement island wide at its highest output levels. In addition, the company has been importing 30,000t of bulk cement per month through the Tokyo Cement Colombo terminal. On a request made by t...

Tokyo Cement Group supplies purified water system

19 July 2021, Published under Cement News

Tokyo Cement Group has gifted purified drinking water facilities to the people of Siyambalagaswewa in Mihintale, Sri Lanka as part of its Fountain of Life project. The company installed a customised water purification system with reverse osmosis technology, with an output capacity of 5000lpd to nearly 650 Siyambalagaswewa villagers. Managing Director of Tokyo Cement Co (Lanka) PLC, SR Gnanam, in a statement noted, "The project is implemented in selected rural parts of our country, wher...

Tokyo Cement (Lanka) announces expansion plans

26 November 2020, Published under Cement News

Sri Lanka’s Tokyo Cement Co (Lanka) has recently entered into an investment agreement with the country’s Board of Investment for a plant expansion project. The company is expected to expand its plant in Trincomalee by 1Mta with an investment of US$12m. The company has an 18-month plan to increase production, which is expected to reinforce the company's readiness to cater to the future demand growth from the local construction industry.

Tokyo Cement (Lanka) Plc increases profits by 163% in FY2Q21

04 November 2020, Published under Cement News

Tokyo Cement (Lanka) Plc reported earnings of LKR2.12bn (US$11.49m) for the FY2Q21 on revenues of LKR11.4bn. Profits and revenues were up 163 per cent and 13 per cent, respectively, compared to the July-September period in 2019. Domestic cement production in August 2020 rose by 17.4 per cent to 392,000t compared to 334,000t in August 2019, reports the Daily Mirror. The cumulative cement production from January to August 2020 rose by six per cent to 2.448Mt, up from 2.31Mt in 1H19.

Tokyo Cement Co (Lanka) Plc sees 23% fall in turnover in 4QFY20

27 May 2020, Published under Cement News

Tokyo Cement Co (Lanka) PLC said the group recorded LKR8.4bn (US$45.1m) turnover for the 4QFY20, which represents a 23 per cent reduction when compared to 4QFY19. The company recorded LKR4.9bn turnover for the 4Q20, which is 36 per cent reduction when compared to 4QFY19. The company has ensured production, distribution, and sales of products and services across the island with limited stoppages during the COVID-19 pandemic. However, retail and construction sites within the Western provinc...

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...