Cement News tagged under: Sri Lanka
Tokyo Cement Co (Lanka) sees revenue up 4%05 November 2021, Published under Cement NewsTokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR127m. The quarter saw the company face a weakening rupee, foreign exchange shortage, which caused a delay in opening LCs, shortages and delays in raw material imports, soaring shipping costs and re-imposed lockdowns. While the fuel price increase and a lack of vessels escalated inbound freight rates by over 300 pe... |
INSEE Cement adds import vessels to address cement scarcity in Sri Lanka05 November 2021, Published under Cement NewsINSEE Cement has added two more import vessels to its operations in order to increase cement supply across Sri Lanka, according to the Daily Mirror. "INSEE Cement continues to operate at maximum production capacity to ensure the Sri Lankan construction industry remains on its path to a successful recovery," said Gustavo Navarro, INSEE Cement’s CEO. "What the domestic market is experiencing is an artificial scarcity that was first created by importers refusing to release their stocks to... |
Lanwa Sanstha Cement to begin operations in 202202 November 2021, Published under Cement NewsSri Lanka's Lanwa Sanstha Cement is now expected to commence operations in January 2022, when it opens a US$80m plant in the Mirijjawila Export Processing Zone, Hambantota. The production capacity of the plant is estimated to be 3Mta, according to Daily News (Sri Lanka). "One of the highlights of the first-of-its-kind facility in Sri Lanka would be the emphasis on the latest technology, where all mixing will be carried out with latest European technology while many of the other equipme... |
Tokyo Cement Co (Lanka) outlines measures taken to address cement shortage28 October 2021, Published under Cement NewsSri Lanka’s Tokyo Cement Co (Lanka) has taken several immediate measures to address a cement shortage in the market, according to Dr Harsha Cabral PC, company chairman. Tokyo Cement is operating its plant in Trincomalee at the maximum installed capacity of around 170,000tpm and will continue to supply cement island wide at its highest output levels. In addition, the company has been importing 30,000t of bulk cement per month through the Tokyo Cement Colombo terminal. On a request made by t... |
Loesche completes INSEE Cement maintenance at Galle grinding plant20 August 2021, Published under Cement NewsINSEE Cement has completed a week-long scheduled maintenance of its Galle grinding plant in Sri Lanka. The inspection was carried out by Loesche. "As Sri Lanka’s only fully integrated cement manufacturer, we are stepping up to meet the growing demand of the local market by increasing our reliability and improving operations by up-keeping our plants and machinery to globally benchmarked standards," said Gustavo Navarro, CEO at INSEE Cement. "By carrying out preventive maintenance we ensure... |
Insee Cement steps up raw material unloading27 July 2021, Published under Cement NewsThe Hambantota International Port (HIP) recorded its highest discharge levels of bulk cargo recently, when a shipment of gypsum consigned to Insee Cement was unloaded at a rate of 24,000tpd by port operations. Thusith Gunawarnasuriya, director procurement and logistics of Insee Cement, says this was an extraordinary achievement for a Sri Lankan port in terms of speed and efficiency. "As the No 1 cement manufacturing company in Sri Lanka, we import raw materials in large vessels. B... |
Sri Lankan cement production advances 16% in January15 March 2021, Published under Cement NewsSri Lanka’s cement output continues to grow following 15.9 per cent YoY growth to 3.93Mt in 2020. In January 2021, the island’s cement manufacturers produced 364,790t of cement, up 15.5 per cent when compared with January 2020. The rise in domestic production and import controls imposed after the first COVID-19 wave in the country have led to a reduction in imports, which fell by 31.2 per cent YoY to 3.25Mt in 2020. |
INSEE Cement (Lanka) holds child career guidance programme27 January 2021, Published under Cement NewsINSEE Cement (Lanka) Plc has held a ’Find Your Spark', an interactive virtual career guidance programme. The objective of the programme was to equip the children of employees with the right knowledge and skills to grow their talent, choose their future career wisely and achieve their best. The programme included a series of workshops conducted by a panel of renowned professionals, whom the children could look up to as role models. Gustavo Navarro, CEO of INSEE Cement (Lanka) s... |
Sri Lanka starts to close production gap to cement demand22 January 2021, Published under Cement NewsOnyx Group in Sri Lanka has announced that it expects to start operations of its new grinding plant in Mirijjawaila, Hambantota. The commissioning of the plant, which is an affiliate of Ceylon Steel Ltd, is an indication that Sri Lanka is looking to close the gap between its cement demand and domestic cement production. In recent years domestic demand has been met partly by high levels of cement and clinker imports in recent years. The new Onyx facility will operate as Lanwa Santha Cement... |
Onyx Group to begin operations at 3.6Mta plant this year19 January 2021, Published under Cement NewsSri Lanka’s Onyx Group is expecting to commence operations at its new grinding plant this year, according to Nandana Lokuwithana, chairman of the group. The US$100m project is expected to have a 3.6Mta capacity and be based in Mirijjawila, Hambantota. |