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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.

LafargeHolcim to divest Holcim Lanka | LafargeHolcim…

LafargeHolcim announces it has signed an agreement with Siam City Cement Public Company Limited for the divestment of its interest in Holcim Lanka for an enterprise value of USD 400 million. Holcim Lanka operates one integrated plant and one grinding plant and is the country’s leading cement manufacturer.

Sri Lanka’s Tokyo Cement, which operates grinding and packing plants, said there was a recovery in demand in the household sector. In 2015, several state projects were halted following elections, which have since been given the go-ahead.

Sri Lanka imports cement from various plants in neighbouring countries like India, Vietnam, Pakistan, Malaysia, Indonesia and Thailand. This dependability of imports has its flip side, as it sometimes limits the choice and type of cement and can diminish the assurance of consistent quality if there is no proper quality mechanism in process.

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According to Tokyo Cement, a new 8 MW sustainable biomass power plant will be commissioned to provide energy to the Sri Lanka plant. Tadashi Matsunami, the director and senior managing executive from Tokyo Cement’s technology provider, Ube Industries Ltd., inaugurated the ceremony with several other company representatives.

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Mexican building materials company CEMEX, S.A.B. de C.V. said in May that it has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement for approximately 53 million dollars. Siam City Cement group company has approximately 4,000 employees.

“Siam City Cement Public Company Limited” to reflect the nature of its being a fully listed company in Thailand’s stock exchange. In 2013, SCCC acquired assets of two Superblock Plc light-weight block plants-the Singburi operations early in the year, and the Ratchaburi plant towards the end of the year.

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LafargeHolcim to Divest Holcim Lanka | Business Wire

Closing of the transaction in Sri Lanka is expected in the third quarter 2016. About LafargeHolcim With a well-balanced presence in 90 countries and a focus on cement, aggregates and concrete, LafargeHolcim (SIX Swiss Exchange, Euronext Paris: LHN) is the world leader in the building materials industry.

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In 2011, Sri Lanka had a cement shortage situation due to the increase in demand, hence began importing cement from Indonesia, Pakistan, and Malaysia. In the same year, Holcim Ltd. of Switzerland made plans to expand the grinding capacity of its cement plants and also to construct a new cement plant.

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