Cement News tagged under: Tokyo Cement

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Tokyo Cement to set up new unit, Sri Lanka

24 July 2013, Published under Cement News

Tokyo Cement is in talks to set up a new US$50m facility under the name of Tokyo Eastern Cement Company as part of the Sri Lanka-based cement producer’s expansion strategy to meet anticipated rises in demand. “We are currently in the process of finalising a 33-year lease agreement with the government for the land, to construct the factory,” SR Gnanam, managing director of Tokyo Cement said. The new factory will be located adjoining the company’s existing 1.8Mta grinding factory in Trinc...

Sri Lanka post-war reconstruction spurs cement demand

04 July 2012, Published under Cement News

Tokyo Cement, a Sri Lankan-Japanese joint venture says that cement demand in the country is being spurred by large-scale government infrastructure projects related to post-war and flood reconstruction, according to local press reports. In its 2011/2012 annual report, Tokyo Cement also highlighted that the surge in private credit has contributed towards higher demand for cement, Daily News Sri Lanka notes. The private sector has been mainly engaged in building housing and housing schemes as...

Tokyo Cement net profit held back by tax increases, Sri Lanka

06 June 2012, Published under Cement News

Sri Lanka's Tokyo Cement (Lanka) Plc said net profits for the March quarter rose just two per cent to SLR130.24m a year earlier, held back by a steep increase in taxes. According reports by Sri Lanka business online, the Japanese-Sri Lanka joint venture, said revenues rose sharply by 61 per cent to SLR6.81bn in the March 2012 quarter, lifted by the post-war construction boom. Gross profits also rose 36 per cent to SLR832m, but steep increase in income tax to SLR177m in the March 2012 qua...

Tokyo Cement quarterly net profit up 43 per cent, Sri Lanka

20 February 2012, Published under Cement News

Sri Lanka’s Tokyo Cement said net profits for the December quarter rose 43 per cent to LKR275m (US$2.3m) from a year earlier with revenues up 39 per cent to SLR5.7bn. The company’s revenues grew 38% to LKR5.7bn cost of sales rose at a faster 44% but the firm grew gross profits at a slower 17%. Tokyo Cement is a joint venture between Nippon Coke and Engineering (formerly Mitsui Mining) and the local St Anthony’s Industries, selling the Mitsui brand.  It operates a 1.8Mta grinding capac...