Cement News tagged under: Sri Lanka
UAE firm bids for Holcim Lanka Ltd12 July 2016, Published under Cement NewsDubai-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 Standard. There are six leading bidders for the Sri Lankan cement producer from China, the UAE, Indonesia, Thailand and Sri Lanka. Binding bids have been received from several companies with final negotiations to be concluded shortly. Business Standard cites that Lokuwithana, who is also the owner of Ceylon Heavy Indus... |
Sri Lanka: Holcim exit causes tension with China and India08 July 2016, Published under Cement NewsThe 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 as the world's largest cement-producing country extends its influence on the island. With strong current positions in the Colombo and Hambantota harbours, this deal would also give China a presence in Galle and Trincomalee in addition to consolidating its presence in Colombo. Holcim presently owns the Ceylon Ambuja... |
LafargeHolcim04 July 2016, Published under Cement NewsLafargeHolcim 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 1.7Mt, generating a turnover of US$158m. Three local companies are thought to be potentially interested along with some foreign companies, notably Chinese. Ambuja Cement is to increase the capacity of its grinding centre at Rupnagar, Punjab by 0.9Mta to 3.4Mta. |
Indonesia: Semen Indonesia looks to international markets21 June 2016, Published under Cement NewsAmid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 per cent of revenue in 2015 to 10-15 per cent over the next three years. In an interview Mr Chandra said operations may expand into Bangladesh, Sri Lanka and the Maldives, with operations already present in Vietnam. ... |
Sri Lanka: LafargeHolcim to exit market03 June 2016, Published under Cement NewsLafargeHolcim is to sell its operations in Sri Lanka - a bagging plant, a grinding plant and the island's only integrated facility - as part of its wider divestment strategy, EconomyNext reports. At least three local firms are though to be interested in bidding for Holcim Lanka, which generated 1.7Mt of sales in 2015 with revenues of LKR23.4bn (US$158m). |
Sri Lanka: AFKO group may revive KKS plant03 June 2016, Published under Cement NewsAFKO Group GMEX has expressed interest in reopening the Kankesanthurai (KKS) cement plant in the Northern Province of Sri Lanka, according to the country’s Industry and Commerce Ministry. “We are keen to partner in the Kankesanthurai Cement Project and are ready to enter with US$450m as a start. We shall also bring in all the necessary machineries and technology and can start from scratch,” AFKO Chairman, Keun Young Lee said. He added, “We are not limited to KKS. We are keen about cement... |
Sri Lanka: Holcim Lanka inaugurates new transport model11 May 2016, Published under Cement NewsLafargeHolcim subsidiary Holcim Lanka has begun operations of a new ship-to-rail road hybrid model for the transportation of its raw materials. The state railway will transport Holcim cement related raw materials by rail from the Eastern port of Trincomalee to the Mahawa railway station where the company's dedicated trucks will then transport the materials to the Puttalam Cement Works Plant. Holcim Lanka Procurement and Logistics Director, Charith Wijendra, said: "It is critical we pro... |
Sri Lanka: Kankasanthurai Cement Factory to reopen28 April 2016, Published under Cement NewsThe Kankasanthurai Cement Factory (KCF) in Sri Lanka is to be reopened following its closure some years back due to unrest in the north of the country. Previously, UAE-based Ras Al Khaimah Cement Co expressed interest in reviving the Kankesanthurai Cement Factory with a US$100m investment. In 2011-12 a high-level decision was taken to amalgamate Sri Lanka Cement Corporation (SLCC) with Lanka Cement Ltd (LCL). Both companies planned to resume bagging operations at Kankesanthuraid. Minist... |
Tokyo Cement recommences clinker imports from Japan18 March 2016, Published under Cement NewsSri-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 brand18 November 2015, Published under Cement NewsTokyo 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... |