Tokyo Cement Company (Lanka) PLC is a
Sri Lanka
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...
n
cement manufacturing company headquartered in
Colombo. The company is engaged in manufacturing
Portland cement, Pozzolana cement, tile adhesives and other cement products.
Sri Lankan entrepreneur,
A. Y. S. Gnanam
Arulanandam Yesuvadiyan Samuel Gnanam popularly known as A. Y. S. Gnanam(5 May 1922 - 3 January 2007) was a successful Sri Lankan business tycoon who founded St. Anthony's Group among other.
Gnanam in his tender age ventured into selling scrap ...
founded the company in 1982.
Tokyo Cement Company is a quoted company on the
Colombo Stock Exchange
The Colombo Stock Exchange (CSE) ( si, කොළඹ ව්යාපාර වස්තු හුවමාරුව, translit=Kolamba Vyapara Vasthu Huvamaruva; ta, கொழும்பு பங்கு பரிவர்த்தனை) i ...
since 1984. The company was one of the components of the
S&P Sri Lanka 20 Index
The S&P SL20, or the Standard & Poor's Sri Lanka 20, is a stock market index, based on market capitalization, that follows the performance of 20 leading publicly traded companies listed in the Colombo Stock Exchange. The 20 companies th ...
until June 2022. The company is ranked 29th amongst the
''LMD'' 100, an annual list of top 100 listed companies in Sri Lanka by revenue for the 2020/21 period.
History
The company was founded in 1982 as a
joint venture between
Mitsui Mining Company and
St. Anthony's Consolidated under the leadership of
A. Y. S. Gnanam
Arulanandam Yesuvadiyan Samuel Gnanam popularly known as A. Y. S. Gnanam(5 May 1922 - 3 January 2007) was a successful Sri Lankan business tycoon who founded St. Anthony's Group among other.
Gnanam in his tender age ventured into selling scrap ...
, founder of the St. Anthony's Group.
In 1983, the construction of the manufacturing plant began in
Trincomalee and the company was listed on the Colombo Stock Exchange in 1984. The Trincomalee cement factory, the second largest cement plant in the country at the time, was bombed in May 1986 by the
Eelam Revolutionary Organisation of Students (EROS) which caused to halt the production and damage worth several million rupees.
The production commenced in 1988. Fuji Cement Company (Lanka) a fully owned subsidiary of the company commenced operations in 1998. In 2014, the company partnered with the
Foundation of Goodness
Deshabandu Muttiah Muralitharan ( si, මුත්තයියා මුරලිදරන්, ta, முத்தையா முரளிதரன், also spelt Muralidaran; born 1972) is a Sri Lankan cricket coach, former professional ...
to sponsor a coaching programme for school cricketers. The company has continued its partnership with the Foundation since then. In 2015, Fuji Cement Company (Lanka) merged back with the Tokyo Cement Company.
In 2020, the company entered into an agreement with the
Board of Investment of Sri Lanka for an expansion plan worth US$12 million.
Operations
In 2021, the company recommended to the government of Sri Lanka to extend the restriction imposed on importing cement in light of the depreciation of the Sri Lanka rupee. Managing Director S. R. Gnanam stated that the local manufacturers could meet 90% of the country's demand for cement.
The revival of the construction sector in the
post-pandemic times is expected to increase the revenue of the Tokyo Cement by 12% in 2022.
See also
*
References
External links
Official website
{{All Share Price Index
1982 establishments in Sri Lanka
Companies listed on the Colombo Stock Exchange
Manufacturing companies based in Colombo
Cement companies