Displaying items by tag: Tokyo Cement Company (Lanka)

Sri 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.

Sri Lanka: Harsha Cabral was appointed as the Director of Tokyo Cement Company Lanka one year ago on 1 December 2014. Cabral was appointed to the Board in March 2009

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%.

Sri Lanka/Japan: Japanese cement producers in Sri Lanka Tokyo Cement Lanka and Fuji Cement Lanka Limited have announced that they have merged under the terms of Section 242 (1) of the Companies Act No 7 of 2007. The merger to create Tokyo Cement Company (Lanka) plc was completed on 13 March 2015.