Cement News tagged under: Tokyo Cement

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Sri Lanka: Tokyo Cement looks to US for investment backing

20 July 2016, Published under Cement News

The chief financial officer and other members of the Tokyo Cement management team are in the US this week for an investor roadshow, Lanka Business Online reports. Mark Decker, whose brokerage firm is promoting the roadshow, said: “Tokyo Cement is an under-researched company with a dominant market position, brand equity built over three decades, and clear growth prospects in light of Sri Lankan infrastructure and building construction projects.  “We’re honoured to introduce the firm’s m...

Sri Lanka: Tokyo Cement Company calls for end to price controls

15 July 2016, Published under Cement News

Tokyo Cement, the largest cement producer in Sri Lanka, has called on the government to end controls and allow the market to set prices, Colombo’s Daily Mirror reports. In 2015 the government introduced a price ceiling of LKR870 (US$6.00) for a 50kg bag of cement, at a time when local prices were LKR930-940. Since last year the Sri Lankan rupee has depreciated in value, raising the cost of clinker imports and raising costs further down the supply chain. Managing director of Tokyo Ce...

Tokyo Cement recommences clinker imports from Japan

18 March 2016, Published under Cement News

Sri-Lanka based Tokyo Cement Group has recommenced clinker imports from Japan for the exclusive use in its ‘NIPPON-PRO’ cement. Dashantha Udawatte, Group Marketing Manager at Tokyo Cement told Lanka Business Online: “We at Tokyo Cement having identified the demand for a high performance cement tied up with a leading Japanese manufacturer to import clinker with high specifications. Tokyo Cement recently launched the NIPPON-PRO brand to meet the demand of Class 1 contractors who have undertak...

Sri Lanka: Tokyo Cement launches skyscraping brand

18 November 2015, Published under Cement News

Tokyo Cement Group has launched its Nippon Cement-Pro brand. This is a new brand of high-performance cement specially formulated for high-rise buildings/skyscrapers and large-scale projects that require high quality and ultra-strong concrete. With buildings that require more than 30 floors becoming a norm as a result of Sri Lanka's expanding economy, Nippon Cement Pro, offers contractors, city developers and consultants who are constructing condominiums, hotels and city centres, a high-str...

Tokyo Cement adds to shipping fleet, Sri Lanka

18 August 2015, Published under Cement News

Tokyo Cement  announced the addition of a fifth vessel, 'MV Mohar', to its fleet of cement carriers. The 22,000t, pneumatic bulk cement carrier was inaugurated by chief guest Arjuna Ranatunga, Minister of Ports, Shipping and Aviation and guest of honour Upul Jayasuriya, chairman, Board of Investments, Sri Lanka. Speaking at the launch event, SR Gnanam, Tokyo Cement Group managing director, said:  "Logistics is an integral part of our business, and the increase in local demand has required u...

Sri Lanka: Tokyo Cement plans expansion project

19 March 2015, Published under Cement News

Sri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary under the name of Tokyo Eastern Cement for the implementation of the project over the next two financial years. The project will receive a tax holiday of five years, and therefore a tax rate of 12 per cent. The company proposes to finance the project with internal funds and loans. During FY13-14, the group’s revenue ...

Strategic Sri Lankan tie-up

05 December 2014, Published under Cement News

Sri-Lanka based Fuji Cement, a subsidiary of Tokyo Cement which functions as an independent company, is to merge with its parent company and become a single entity with effect from February 2015. Following the merger, the new entity will be named Tokyo Cement Company Lanka Plc. For the merger the companies will cancel the status capital and asset and liability of Fuji Cement and are now waiting for the Company Registrar's approval to go proceed. Tokyo Cement is a joint venture between...

Sri Lanka: Cabral new chairman of Tokyo Cement

04 December 2014, Published under Cement News

Dr Harsha Cabral, a senior counsel with 27 years' experience in the fields of company Law, Intellectual Property Law, Commercial Arbitration and Commercial Law & International Trade Law, has been appointed as chairman of Tokyo Cement (Lanka) PLC, effective 1 December 2014. Tokyo Cement Company (Lanka) PLC is a Sri Lanka-based company engaged in the manufacturing and selling of cement and ready mixed concrete to the local market. As of 31 March 2012, the company had four subsidiaries, namel...

Tokyo Cement quarterly profit surges as costs fall, Sri Lanka

06 November 2013, Published under Cement News

Sri Lanka's Tokyo Cement Company (Lanka) Plc, said profits in the September 2013 quarter rose to LKR619m (US$4.72m) in the September 2013 quarter up 166 per cent YoY due to lower raw material costs. The group said revenues were flat at LKR7.5bn in the September quarter but cost of sales fell seven per cent to LKR6.2bn from a year earlier, expanding gross profits 52 per cent to LKR1.3bn.

Sri Lanka's Tokyo Cement profits up six-fold

22 August 2013, Published under Cement News

Lower raw material costs have aided profits at Sri Lanka's Tokyo Cement group. In the June 2013 quarter profits rose 660 per cent to LKR611m (US$4.63m) from a year earlier. The factors affecting cement sales in the country have changed significantly from last year when raw material costs were hurting cement producers and the government, which is in charge of cement prices, delayed a price hike on cement. As clinker production costs have fallen and the Sri Lankan currency has stabilised, ...