Displaying items by tag: Tokyo Cement

Sri 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.

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: 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.

Sri 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.

Sri 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.

Sri 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.

Sri 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.

Sri Lanka: Tokyo Cement has resumed importing clinker from Japan. The clinker will be used to make the producer’s NIPPON-PRO branded cement.

"We at Tokyo Cement having identified the demand for a high performance cement tied up with a leading Japanese manufacturer to import clinker with high specifications," said Dashantha Udawatte, Group Marketing Manager at Tokyo Cement.

Tokyo Cement operates a 2.4Mt/yr cement grinding plant in Trincomalee.

Sri Lanka: Tokyo Cement Group has launched 'Nippon Cement - Pro'. This new brand of cement is targeted at the builders of large-scale projects such as a high-rise buildings and skyscrapers. Tokyo Cement Group is Sri Lanka's largest cement producer operating a 2.40Mt/yr cement grinding plants in Trincomalee, Eastern Province.