Displaying items by tag: Tokyo Cement
Tokyo Cement increases supply to solve Sri Lankan shortage
27 October 2021Sri Lanka: Harsha Cabral, the chairman of Tokyo Cement Company (Lanka), says that the company has taken several immediate measures to address a local cement shortage. He said in a statement that it is operating its grinding plant at Trincomalee at its full capacity of around 170,000t/month, according to the Daily Mirror newspaper. He added that the company had been importing 30,000t/month of bulk cement through the Tokyo Cement Colombo Terminal. It had also, following a request by the government, made arrangements to import an additional 12,000t /month of cement as a contingency measure. However, Cabral, noted that the cement shortage was due to a variety of reasons beyond the control of the company. These included a lack of bulk cargo ships and delays in opening credit letters with local banks.
Tokyo Cement opens water purification plant in Sri Lanka
28 January 2021Sri Lanka: Tokyo Cement has opened the first of six new 10,000l/day water purification plants under its Fountain of Life programme in Anuradhapura District, North Central Province. The Colomba Gazette newspaper has reported that the area has been affected by a high rate of chronic kidney disease.
Group chairman Harsha Cabral said, "We initiated our far-reaching Fountain of Life programme in support of the government's Water for All programme which aims to provide drinking water facilities to every household by 2025.”
Tokyo Cement supports underwater sculpture park
28 July 2020Sri Lanka: Tokyo Cement has supported its partner the Sri Lanka Navy in completing an underwater statue park. The Sunday Observer newspaper has reported that the 1200m2 park in Trincomalee Bay, Eastern Province, lies at a depth of 18m and unfolds a historical storyline. Tokyo Cement supplied its Tokyo Super blended hydraulic fly ash cement to the project.
Project leader Piyal De Silva said, “Our Coral Conservation Programme (CCP) partner Tokyo Cement will carry out monitoring and maintenance activities and will provide material and technical support to set up a coral nursery for replanting corals within the Underwater Marine Sanctuary (UMS). The marine park will gradually become the home to coral colonies native to the Trincomalee Bay area. With the corals, it will attract young fish, which will ultimately lead to the formation of fish communities.” Tokyo Cement has been involved in coral reef restoration around Sri Lanka since 2010.
Tokyo Cement prepares to amalgamate subsidiary
28 March 2019Sri Lanka: Tokyo Cement has agreed to amalgamate its subsidiary Tokyo Super Cement into the main company. The amalgamation of its wholly-owned subsidiary will take place around the end of May 2019.
Tokyo Cement upgrades research centre in Sri Lanka
21 August 2018Sri Lanka: Tokyo Cement has opened an upgrade to its research centre in Colombo. The centre will test and certify cement, concrete and dry mortar products, according to the Daily News newspaper. It is also intended to be an innovation hub for the cement producer to develop new products. Facilities at the site include a wet concrete lab and mini plants to test different blends of cement.
Tokyo loses out as construction slumps
14 August 2018Sri Lanka: Tokyo Cement plc, which operates grinding plants and bulk cement terminals in Sri Lanka, lost US$3.78m in the three months to 30 June 2018 due to falling revenues, as well as a one-off loss of US$2.37m on the sale of a ship. The group had reported a profit of US$5.04m in the same period of 2017.
In the three months to 30 June 2018 Tokyo Cement’s gross profit fell by 27% year-on-year to US$9.36m, with revenues falling by 4% to US$48m and costs rising by 4% to US$39m.
Tokyo reported to its shareholders that delayed local government polls had halted small projects country-wide, leading to a slowdown in the construction sector.
Tokyo Cement launches resource-planning software
16 May 2018Sri Lanka: Tokyo Cement has launched resource-planning software across its business. The software was developed by Abas and implemented by Providence Global, according to the Daily News newspaper. The software is being deployed across all of Tokyo Cement’s operations, including its cement plant at Trincomalee, its ready-mix concrete plants, and its bulk cement import terminal and biomass power generation units. The new software is intended to fully integrate supply chain management and warehouse operations.
Insee Cement and Tokyo Cement approved by Sri Lanka Consumer Affairs Authority to raise prices
06 March 2018Sri Lanka: The Sri Lanka Consumer Affairs Authority (CAA) has allowed Insee Cement and Tokyo Cement to increase the prices of a 50kg bag of cement. The Ministry of Industry and Commerce gave its approval subject to the ratification of the CAA as it is a price-controlled commodity, according to the Times of Sri Lanka newspaper. The cement producers made the request to raise their prices due to increasing costs of raw materials. However, the country’s three other producers have not made any request to the CAA to raise their prices and the cost of imported cement is reported unchanged.
Tokyo Cement starts testing new mill at Trincomalee plant
19 December 2016Sri Lanka: Tokyo Cement has started testing a new mill at its cement grinding plant in Trincomalee. It held a ‘soft’ opening ceremony to mark the event on 8 December 2016. The new mill is the company’s fourth. It will start commercial operation in February 2017, according to Lanka Business. Once operational it will add 1Mt/yr to the company’s production total capacity taking it to 2.8Mt/yr.
The ceremony was inaugurated by Tadashi Matsunami, Director & Senior Managing Executive Officer of Ube Industries Limited, Japan, the technology services partner of Tokyo Cement. Harsha Cabral PC, chairman and SR Gnanam, managing director of Tokyo Cement also presided at the event.
An additional US$50m expansion drive at the site will see the commissioning of an 8MW captive biomass power unit for the plant. Tokyo Cement will also develop the shipping facilities at the site to accommodate larger vessels and it plans to build cement storage silos.
Sri Lanka: Tokyo Cement Group entered into a collaboration agreement with Ube Industries from 1 August 2016 for technical support services and to import raw materials from Japan, to manufacture ‘high quality’ cement.