Displaying items by tag: construction

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.

Colombia: Cementos Argos has set up a subsidiary, Granulados Reciclados de Colombia (Greco), to recycle construction material waste. The new company’s operations will be based at its Cota plant in Cundinamarca, according to La Republica newspaper. The operation is expected to process over 1Mt/yr of construction waste material. The company is a joint operation with local industrial conglomerate Fanalca and South Korean lighting equipment manufacturer Daeyang.

Chad: Prime Minister Albert Pahimi Padacké has laid the first stone for the construction for a cement plant in Ngara. The initial production capacity of the new plant will be 0.5Mt/yr and this is planned to increase to 3Mt/yr, according to local press.

The plant is a joint project between Chad and China. The cost of construction will be US$52m and the building should be completed by April 2017. The project will create 300 jobs initially and this may rise to up to 1000 if the plant reaches its higher production capacity.

Ciment du Tchad, a subsidiary of government-owned SONaCIM, opened the country’s first cement plant at Baore in 2011. The 0.2Mt/yr plant reached its full capacity output in 2012.