Cement News tagged under: Sri Lanka
Holcim Lanka appoints new CEO, Sri Lanka26 March 2013, Published under Cement NewsPhilippe Richart, formally responsible for the readymix concrete business in Holcim Vietnam, has been appointed CEO of Holcim Lanka, effective 1 March 2013. The change of CEO, which was announced in February 2013, was part of a generational change in the company’s leadership. Philippe joined Holcim Group Support in 2004 as a Commercial Project Manager for the Aggregates and Constructions Materials function, working on aggregates market development and performance improvement in various r... |
Lucky Cement eyes Sri Lanka grinding project29 November 2012, Published under Cement NewsPakistan’s largest cement producer Lucky Cement is considering the construction of a 500,000tpa grinding plant in Sri Lanka as part of its plan to expand its presence overseas. Bloomberg newswires quoted chief executive Muhammad Ali Tabba as saying that the firm has sought state land to build a factory. Pakistan's Tatta Cement has already been given a concession to build a grinding plant in Sri Lanka's Hambantota port. The company is also constructing a 1.2Mta plant in Congo and a grin... |
Holcim to invest US$20m to develop Ruhuna plant capacity14 November 2012, Published under Cement NewsHolcim Sri Lanka will invest US$20m to develop grinding capacity at the Ruhuna plant in Galle to meet the future demand in emerging markets. Vice president marketing and sales Viraj Gunasekera said that the grinding capacity will be increased by 600,000t once the work is completed in 2013. At present the production stands at 400,000tpa. He said the hotel chains in the north and east has just started work and there will be a rapid growth of demand for cement in the next 2-3 years. The GDP g... |
Sri Lanka: Lanka Cement to establish a grinding and packing plant13 November 2012, Published under Cement NewsLanka Cement PLC says, it is planning to establish a joint venture with international cement manufactures to set up a grinding and packing plant in the Northern province of Sri Lanka. NSM Samsudeen, Lanka Cement chairman, reveals that the proposed plant will be established outside the High Security Zone in Kankasanturai. “The excavation of Limestone deposits is not permitted, only option is to setup a clinker grinding facility with foreign collaboration,” stated Samsudeen in the company’s ... |
Sri Lanka increases cement prices15 October 2012, Published under Cement NewsSri Lanka's consumer affairs authority has raised the price of a 50kg bag of cement by 68 to 85 rupees from midnight Saturday, Sri Lanka's Daily Mirror newspaper said in its online edition. The price of cement made by Holcim, which runs a fully integrated domestic factory, remain unchanged, the report said. Manufacturers of cement from imported clinker as well as importers were hit by price controls, after energy prices rose and the exchange rate depreciated. Earlier amid a gl... |
Sri Lanka: Hambantota Port to receive grinding unit and cement storage and bagging facilities24 August 2012, Published under Cement NewsThe Sri Lankan government is ready to expand the Hambantota port with the financial assistance of Exim Bank of China and the government of China. Exim Bank of China will provide a US$600m loan and a CNY1bn (US$157m) loan will be given by the government of China. Prior to this, the Sri Lankan government received Chinese government financial assistance to complete the first phase of the port. The project is the biggest service and industrial port in the country constructed closest to the in... |
India Cements 1Q net profit drops 39.2%14 August 2012, Published under Cement NewsIndia Cements Ltd today said that it has reported a decline of 39.2 per cent in its net profit for the first quarter ended June 2012 at INR62.07 crore. The net profit of the company stood at INR102.03 crore during the same period a year ago, said India Cements in its filing to the Bombay Stock Exchange on August 13, 2012. Meanwhile, the company has said it is exploring at possibilities of exports to Sri Lanka and South African countries. Speaking to Business Standard of India, N Srini... |
Sri Lanka post-war reconstruction spurs cement demand04 July 2012, Published under Cement NewsTokyo 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... |
Sri Lanka's CCA siezes outdated cement02 July 2012, Published under Cement NewsThe Consumer Affairs Authority (CAA) of Sri Lanka has seized a stock of cement that expired early this month, according to local press reports. The CAA reportedly raided the storage facility of the government-owned Sri Lanka Cement Corporation in Panchikawatte. The expired cement had been sold from the warehouse after the expiry date of June 12th. The expired cement was allegedly being loaded onto a truck to be sold in the market when the CAA officials arrived at the storage facility. The... |
Consumer authority raids warehouse on repacked cement, Sri Lanka19 June 2012, Published under Cement NewsSri Lanka’s Consumer Affairs Authority (CAA) of Sri Lanka has raided a warehouse of state-run Cement Corporation and seized thousands of expired cement bags that are allegedly being repacked. The CCA conducted the raid following a tip-off that expired cement stocks imported from Pakistan were being repacked after the expiry dates have lapsed, local press report. The authorities have confiscated around 7000 cement bags from a warehouse in Panchikawatta in Colombo and sealed the facility. ... |