FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Maharaja Foods PLC (MFL) - IPO Analysis
by ChooBoy Mon Jul 22, 2024 12:27 am

» කොළඹ කොටස් වෙළඳපොල විශ්ලේෂණය - 2024
by ChooBoy Fri Jul 19, 2024 11:53 am

» Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar Power
by God Father Wed Jul 17, 2024 10:11 pm

» Banking Sector Analysis
by God Father Sat Jul 13, 2024 7:57 am

» Impact of Elections on Colombo Stock Market Sentiment
by Quibit Tue Jul 09, 2024 9:01 am

» LankaBIZ Unveils AI-Driven On-Demand Financial Research and Analysis Service
by Quibit Thu Jul 04, 2024 12:49 pm

» CDB Non voting
by Nandun Sun Jun 30, 2024 9:45 pm

» The Parsi Power Play: How a Small Community of Iranian Parsis are Controling Sri Lanka's US $ 85 billion Economy & 22 Million Population & Politics driving away FDIs
by MalakaDesmond Sun Jun 30, 2024 10:19 am

» Richard Pieris Group: Mismanaged?
by Walbaba Sat Jun 29, 2024 7:04 pm

» සොෆ්ට්ලොජික් හෝල්ඩිංග්ස් පීඑල්සී: අඳුරු අපේක්ෂාවන් සහිත ඉහළ අවදානම් ආයෝජනයක්
by D.G.Dayaratne Tue Jun 25, 2024 5:45 am

» සොෆ්ට්ලොජික් ප්‍රාග්ධනයට වන්දි ගෙවන Share BuyBack නිසා Softlogic ජීවිත රක්‍ෂණය බංකොලොත් වීමේ අවදානමක
by MalakaDesmond Tue Jun 25, 2024 1:49 am

» Softlogic Life insurance face Danger of Bankruptcy due to Share BuyBack that compensate Softlogic Capital
by MalakaDesmond Tue Jun 25, 2024 1:33 am

» Softlogic Holdings PLC: A High-Risk Investment with Bleak Prospects
by MalakaDesmond Tue Jun 25, 2024 12:52 am

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Sat Jun 22, 2024 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Tokyo Cement invests Rs.2.5bn to expand Colombo Port terminal capacity

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

Tokyo Cement invests Rs.2.5bn to expand Colombo Port terminal capacity Image_d724662732


  • Once fully operational, the terminal will handle 450, 000 MT of cement per annum

  • Expansion will increase Tokyo’s imports operation from 600,000 MT p.a. to over 1,000,000 MT p.a. to supplement its local production capacity of over 3,000,000MT p.a.  




The Tokyo Cement Group recently commissioned operations of the newly expanded capacity at the Tokyo Cement Colombo Port Terminal in a soft opening ceremony. 
The event is the culmination of Rs. 2.5 billion worth investment by the cement giant, held under the auspices of S.R. Gnanam, Managing Director and Christopher Fernando, Executive Director of Tokyo Cement Co. (Lanka) PLC. 
This operations expansion further reiterates the company’s commitment to boost the local economy as a truly Sri Lankan organisation.
Once fully operational, the Tokyo Cement terminal situated inside the Colombo Port will be geared to handle a total capacity of 450,000 MT of cement per annum.  

 With the newly commissioned storage, bagging and distribution capacity expansion project Tokyo Cement provides a fresh assurance of an uninterrupted cement supply for customers in the Western Province.  
The capacity upgrade of Tokyo Cement Colombo terminal will come online when all three new cement storage silos, each with a capacity of 6,000 MT, become fully operational.  
This terminal expansion ramps up Tokyo Cement’s total bulk cement imports operation from 600,000 MTp.a. to over 1,000,000MTp.a. to supplement Tokyo Cement’s local production capacity of over 3,000,000 MTp.a.  
Adding more storage and local distribution capacity to the bulk cement operation will result in better local value creation that benefits a vast network of suppliers attached to local packaging, distribution and logistics operations as opposed to importing bagged cement as a finished product. 
In line with this expansion, the company doubled bulk cement distribution operations carried out at the Tokyo Cement Colombo terminal from 30,000 MT to 60,000 MT during the month of December.
Apart from providing a firm solution to prevent the cement shortage prevalent in the market currently, this move ensured efficient cement distribution to reach consumers in every part of the island.   As the country’s largest cement manufacturer, this far-sighted project was initiated as part of the company’s readiness plan to cater to the growth in demand in the local construction industry.  
In addition, the company also laid foundation recently for a factory expansion project that will increase its manufacturing capacity by another 1 million metric tons. Through these unified efforts focused on enriching our local economy through local value addition, Tokyo Cement Group strongly reaffirms the company’s position as the leading partner in nation-building.


https://www.dailymirror.lk/business-news/Tokyo-Cement-invests-Rs-2-5bn-to-expand-Colombo-Port-terminal-capacity/273-227246

Share this post on: reddit

No Comment.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum