Cement News tagged under: Sri Lanka
Sri Lanka: government acquires KKS Cement26 November 2014, Published under Cement NewsLanka Cement Plc, a subsidiary of Sri Lanka Cement Corp, announced that the Defence Ministry has taken measures to acquire the property of Lanka Cement PLC located at Kankesanthurai, Jaffna, Sri Lanka. This includes land to the extent of 104 acres and buildings. Due to the acquisition Lanka Cement has requested compensation for land and building from the Ministry of Defence. Kankesanthurai Cement was created in 2011 out of the merger of the debt-ridden government-owned Sri Lanka Cement C... |
Holcim (Lanka) wins Silver SLIM brand award24 October 2014, Published under Cement NewsSurpassing several high-profile brands from several different sectors and further cementing its place as one of the leading brands in Sri Lanka, Holcim (Lanka) won the prestigious Silver Award as the Turnaround Brand of Year at the country’s SLIM Brand Excellence Awards 2014 at BMICH. Philippe Richart, CEO, Holcim (Lanka) said, “Winning this award took a lot of hard work and dedication to turn our brand around and bring it to this position of strength. When evaluating the progress of the br... |
Sri Lanka: Lafarge Mahaweli concludes Health & Safety month02 October 2014, Published under Cement NewsLafarge Mahaweli Cement concluded its annual Health & Safety month recently, with a number of activities held at their factory premises located within the Colombo port, Sri Lanka. The theme of this year's safety month was 'My actions, My impact: Our Progress' with special emphasis on zero accidents. During the month several training programs were carried out for employees, contractors, drivers and other stakeholders with external speakers within the industry sharing insights into road sa... |
Holcim's Fontana walks into a barrage of problems in Sri Lanka16 June 2014, Published under Cement NewsBernard Fontana, Holcim CEO, arrived in Sri Lanka to formally open a grinding facility in Galle, but found Holcim being accused of various charges by the local press. Communications staff at Holcim Lanka had to block attempts by The Sunday Leader and the Irudina to attend a press briefing at the Taj Hotel in Colombo. Mr Fontana faced anger when the investment of US$22m in Ruhunu Galle was being formally opened on Poson Poya day, the second most holy day for Buddhists after Wesak. Holcim ... |
Singha's Sri Lanka terminal on track for 2015 completion26 March 2014, Published under Cement NewsSingha Cement’s new state-of-the-art Sri Lankan cement terminal is on track for completion next year, doubling the company's existing capacity. “The reason for this expansion is to meet the high demand for Singha cement in the country as well as to provide an enhanced, quality service to our customers,” Colin Nelson, managing director of the company, told Lanka Business Today. Singha Cement, part of the Italcementi Group, currently operates a land based terminal at Peliyagoda in Colombo, f... |
Thatta Cement's Sri Lanka port project on hold17 March 2014, Published under Cement NewsPakistan-based Thatta Cement has temporarily suspended its proposed grinding and bagging plant in Sri Lanka’s Hambantota Port as it awaits the Land Lease Agreement (LLA) to be signed by relevant authorities. In a filing to the Karachi Stock Exchange, Thatta Cement said that the Sri Lanka Ports Authority (SLPA) has not executed a LLA despite the “basic engineering being completed.” Muhammad Taha Hamdani, CFO and company secretary of Thatta Cement, expressed its dissatisfaction that SLPA... |
Southern Indian producers start shipments to Myanmar06 February 2014, Published under Cement NewsCement producers in southern India have begun exporting to Myanmar in a bid to boost utilisation rates as regional domestic demand remains subdued. According to reports by The Times of India, Chettinad Cements, India Cements, Dalmia Cements and Ramco Cement have started shipments to Myanmar in the past few months. Dalmia Cements began exporting cement last month with volumes amounting to 10,000-12,000t. Ramco Cements, meanwhile, has shipped around 40,000t cement from Karaikal Port, whic... |
South Indian cement makers start exports to Myanmar03 February 2014, Published under Cement NewsIt has been locally reported that Chettinad Cements, The India Cements, Dalmia Cements and Ramco Cements have started shipping cement to Myanmar in the past few months. Depressed market conditions for the second year running have forced cement makers in south India to look at different export markets. "We started shipments to Myanmar last month of about 10,000 to 12,000t. It is not very remunerative, but when the chips are down, we have to do something to stay afloat," said Vipin Agar... |
Sri Lanka: Lafarge Mahaweli Cement sets up affordable-housing programme22 November 2013, Published under Cement NewsA affordable-housing programme, which has been successfully implemented around the world by the Lafarge Group, will now be introduced to Sri Lanka, enabling low-cost yet safe construction. Recipients of the loans will be selected through Sanasa Development Bank 's societies, according to the Lafarge plan, providing 75 housing loans initially, with the number expected to increase up to a 100. The Lafarge affordable-housing programme, which is initiated in the Gampaha district, has the potent... |
Tokyo Cement quarterly profit surges as costs fall, Sri Lanka06 November 2013, Published under Cement NewsSri 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. |