Cement News tagged under: Sri Lanka
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. ... |
Tokyo Cement net profit held back by tax increases, Sri Lanka06 June 2012, Published under Cement NewsSri 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... |
KKS Cement Factory to resume operations, Sri Lanka15 May 2012, Published under Cement NewsTHe Kankesanthurei Cement Factory (KKS), Sri Lanka’s oldest cement plant, will resume operations before year-end under a programme to revive state ventures, according to Dr Willy Gamage State Resources and Enterprise Development Ministry Secretary In a interview with the Sri Lanka Sunday Observer, Mr Gamage and SJ Paranagama, Chairman of the Sri Lanka Cement Corporation (SLCC) discussed the project’s progress. Presently, there are two projects in the pipeline: one is the establishment of a... |