Displaying items by tag: Vessel

Sri Lanka: Tokyo Cement has added a fifth vessel, MV Mohar, to its fleet of cement transport ships in August 2015. The ship is a 22,000t pneumatic bulk cement carrier.

"Logistics is an integral part of our business and the increase in local demand has required us to enhance our capacities not just in transportation, but manufacturing and energy generation. We are always striving to improve our business performance because doing so is Tokyo Cement's contribution to building Sri Lanka and ensuring strong, sustainable development," said Tokyo Cement Group Managing Director S R Gnanam.

With a 1Mt/yr production capacity increase in Trincomalee, the new vessel will transport cement to the Colombo Port in order to distribute more efficiently. "The cement industry is often described as a barometer of a country's march to economic development and prosperity. What we are currently seeing is a surge in demand for products and services, which is a good indicator of market confidence. Over the last three decades, Tokyo Cement has built itself up to become one of Sri Lanka's most valuable brands, with an installed capacity of over 2Mt/yr of cement, over 600 employees and US$149m in assets. Our success reflects the continuing growth of Sri Lanka and its economy," said Gnanam.