
Displaying items by tag: Tokyo Cement Company Lanka plc
Tokyo Cement plans 1Mt/yr expansion
20 November 2020Sri Lanka: Tokyo Cement Company (Lanka) has announced that it expects to sign an agreement to increase the production of OPC and other hydraulic cement products by 1Mt/yr. The investment will be made at its existing cement grinding plant in Trincomalee on the north east coast of Sri Lanka.
Tokyo Cement said that the project would cost approximately US$12m. Global Cement notes that this amount is fairly low for such a large increase in cement capacity and therefore may represent increases in cement handling capacity, rather than grinding capacity. Tokyo Cement said that it expects the project to be completed within 24 months.
Tokyo Cement to merge with Fuji Cement
04 December 2014Sri Lanka: Fuji Cement, one of the subsidiaries of Tokyo Cement, which functions as independent company, will go for a strategic merger as a single entity with effect from February 2015. Harsha Cabraal has become the new chairman of the company.
After the merger, the new entity will be named Tokyo Cement Company Lanka Plc. For the merger the companies will cancel the status capital and asset and liability of Fuji Cement and are now waiting for the Company Registrar's approval to go ahead with the merger.
Tokyo Cement (Lanka) plc is a Sri Lanka-based company engaged in the manufacturing and selling of cement and ready mixed concrete to the local market. Its product lines include Nippon Ordinary Portland Cement (OPC), Tokyo Super Ordinary Portland Cement, Tokyo Super Portland Pozzolana Cement and Tokyo Super Masonry Cement.
As of 31 March 2012, Tokyo Cement had four subsidiaries, namely Tokyo Super Cement Company Lanka (Pvt) Limited, Fuji Cement Company (Lanka) Limited, which were both engaged in manufacturing and selling cement; Tokyo Cement Power (Lanka) Limited, which was still in gestation stage and Tokyo Cement Colombo Terminal (Pvt) Limited, which was active in the import and distribution of cement.