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News Tokyo Cement plans expansion project

Tokyo Cement plans expansion project

Written by Global Cement staff 20 March 2015
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Sri Lanka: Tokyo Cement Company (Lanka) plans to invest US$50m on 1Mt/yr of additional production capacity to meet local demand.

The extra capacity will be via a new plant under a new subsidiary, Tokyo Eastern Cement. The project is expected to be implemented in the next two years. It will receive a five-year tax holiday and a tax rate of 12%. The project will be funded through internal funds and loans.

In its 2014 financial year, Tokyo Cement's revenue grew by 6% year-on-year, while its operating profit rose by 65%. Its current market share in Sri Lanka is 35%.

Last modified on 25 March 2015
Published in Global Cement News
Tagged under
  • Sri Lanka
  • Tokyo Cement Company (Lanka)
  • Tokyo Eastern Cement
  • Plant
  • GCW193

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