Sri Lanka: Tokyo Cement increases profits by 38%
Tokyo Cement Plc saw its April-June quarter net profit increase 38 per cent YoY to LKR643.8m (US$4.42m) amid strong top-line gains and better cost management. The group was able...
Sri Lanka
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Sri Lankan cement imports up in 2016
Sri Lanka’s cement production edged up by 19.7t to 1.04Mt in January-May 2016 and imports were up 18.4 per cent to 1.88Mt.
India Cements: 1Q16 EBITDA edges up to INR2.05bn
India Cements saw its net sales slip to INR12.02bn in April-June 2016 from INR12.12bn in the corresponding period of the previous year. The company's EBITDA for the quarter rose...
Tokyo Cement Ube Industries deal
Tokyo Cement Group (Lanka) Plc has signed a deal on 1 August with Japanese company Ube Industries Ltd, for the import of raw materials and technical support to produce cement. I...
Siam City Cement to acquire Holcim Lanka
Siam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka.
Sri Lanka: Tokyo Cement looks to US for investment backing
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.
Sri Lanka: Tokyo Cement Company calls for end to price controls
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 ...
UAE firm bids for Holcim Lanka Ltd
Dubai-based Onyx Group owned by Sri Lankan businessman, Nandana Lokuwithana, is said to have joined bidders in the process to buy Holcim Lanka Ltd, according to Business Standar...
Sri Lanka: Holcim exit causes tension with China and India
The possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India ...
LafargeHolcim
LafargeHolcim aims to sell its operations in Sri Lanka, which consists of one integrated works, a grinding centre and a bagging plant. Its cement production in 2015 amounted to ...