Tokyo Cement

Last updated
Tokyo Cement Company (Lanka) PLC
Type Public
CSE:  TKYO.N0000
ISIN LK0165N00007
Industry
Founded1982;40 years ago (1982)
Founder A. Y. S. Gnanam
Headquarters
Colombo
,
Sri Lanka
Key people
  • Harsha Cabral (Chairman)
  • S. R. Gnanam (Managing Director)
RevenueIncrease2.svg LKR52,478 million (2022)
Decrease2.svg LKR5,232 million (2022)
Decrease2.svg LKR(358) million (2022)
Total assets Increase2.svg LKR47,210 million (2022)
Total equity Decrease2.svg LKR20,920 million (2022)
Owner
Number of employees
Steady2.svg 1,206 (2022)
Website tokyocement.com
Footnotes /references
[1]

Tokyo Cement Company (Lanka) PLC is a Sri Lankan cement manufacturing company headquartered in Colombo. The company is engaged in manufacturing Portland cement, Pozzolana cement, tile adhesives and other cement products. [2] Sri Lankan entrepreneur, A. Y. S. Gnanam founded the company in 1982. [3] Tokyo Cement Company is a quoted company on the Colombo Stock Exchange since 1984. The company was one of the components of the S&P Sri Lanka 20 Index until June 2022. [4] 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. [5]

Contents

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, founder of the St. Anthony's Group. [6] 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. [7] 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 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. [8] In 2020, the company entered into an agreement with the Board of Investment of Sri Lanka for an expansion plan worth US$12 million. [9]

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. [10] 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. [11]

See also

Related Research Articles

<span class="mw-page-title-main">Ceylinco Insurance</span> Sri Lankan conglomerate holding company

Ceylinco Insurance PLC is the largest private sector insurance company in Sri Lanka. The company is also engaged in the education and renewable energy sectors. The company offers both life insurance and all classes of general insurance. The company was incorporated in 1987 when the government ended its state monopoly over the insurance sector and the company was listed on the Colombo Stock Exchange the following year. Ceylinco Insurance is an LMD 100 company, an annual list of public companies in Sri Lanka by revenue and ranked 23rd in the 2020/21 edition.

C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company is incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 2019, Brand Finance ranked C T Holdings eighth amongst the most valuable conglomerates in Sri Lanka with a brand value of LKR18,981 million. C T Holdings also ranked eighth in the LMD 100, a list of leading listed companies in Sri Lanka by the business magazine, LMD.

<span class="mw-page-title-main">Teejay Lanka</span> Knitted fabric manufacturer in Sri Lanka

Teejay Lanka PLC formerly known as Textured Jersey Lanka is a knitted fabric manufacturer in Sri Lanka and is one of the constituents of the S&P Sri Lanka 20 Index of the Colombo Stock Exchange. The company received the award of the best textile exporter in Sri Lanka at the Presidential Export Awards in 2019 and ranked amongst the 100 most respected companies in the country by the LMD magazine. The company is a supplier to the brands such as Nike, PVH, L Brands, Marks & Spencer, Decathlon, Lidl, and Calzedonia.

Chevron Lubricants Lanka PLC is a manufacturer, distributor and marketer of Petroleum-based lubricants in Sri Lanka. The company is one of the constituents of the S&P Sri Lanka 20 Index and the Chevron Corporation holds a controlling stake (51.00%) of the company's stocks. The company offers engine oils, gear oils, transmission oils under the brand name Havoline while offering diesel vehicle engine oils, industrial lubricants, coolants, brake fluids under the brand name Delo. For the financial year 2019/20, Chevron Lubricants Lanka was ranked 67th in LMD 100, a list of listed companies by revenue in Sri Lanka.

<span class="mw-page-title-main">Singer (Sri Lanka)</span>

Singer PLC is a Sri Lankan holding company engaged in retailing and wholesale marketing home appliances and furniture. The company is also taking part in financial services and manufacturing businesses. The company is listed on the Colombo Stock Exchange since 1981 and in 2017, the Sri Lankan conglomerate, Hayleys acquired the majority of the shares. Singer is ranked 17th in the LMD 100, an annual list of listed companies in Sri Lanka by revenue, in 2020/21 edition. Brand Finance ranked the company 15th most valuable brand in Sri Lanka in its annual list of top 100 brands.

<span class="mw-page-title-main">WindForce</span>

WindForce PLC is the largest renewable energy private sector company in Sri Lanka. The company was incorporated in 2010 and in 2021 was listed on the Colombo Stock Exchange. The company commission, construct and operate power plants and generate power through wind, solar and hydropower.

L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka. The company placed 39th in the LMD 100 for the financial year 2019/20.

<span class="mw-page-title-main">Royal Ceramics</span>

Royal Ceramics Lanka PLC branded as Rocell, is a Sri Lankan holding company and is also engaged in manufacturing ceramic tiles and bath ware. The company was founded in 1990 and in 1994, it was listed on the Colombo Stock Exchange. The company is one of the constituents of the S&P Sri Lanka 20 Index. LMD, a Sri Lankan business magazine placed the company 38th in the LMD 100, a list of leading listed companies in Sri Lanka. Brand Finance ranked 74th amongst the 100 most valuable brands in Sri Lanka.

<span class="mw-page-title-main">CIC Holdings</span>

CIC Holdings PLC is a Sri Lankan conglomerate holding company engaged in merchandising and manufacturing chemical products. The company was incorporated in 1964 and listed on the Colombo Stock Exchange in the same year. Initially, the company was a part of Imperial Chemical Industries and prior to 2011, was known as Chemical Industries (Colombo) PLC. The company ranked 41st in LMD 100, an annual list of leading listed companies in Sri Lanka. The company also ranked 31st in Business Today's Top 40 for 2020–21 financial year.

<span class="mw-page-title-main">Dipped Products</span> Rubber glove manufacturer in Sri Lanka

Dipped Products PLC is a rubber glove manufacturer in Sri Lanka. The company also manages rubber and tea plantations. The company was incorporated in 1976 and listed on the Colombo Stock Exchange in 1983. The company is one of the components of the S&P Sri Lanka 20 Index. Sri Lankan conglomerate, Hayleys is the effective controlling shareholder of Dipped Products. The company was ranked 26th in LMD 100, an annual list of quoted companies in Sri Lanka by revenue.

<span class="mw-page-title-main">Diesel & Motor Engineering</span> Sri Lankan conglomerate company

Diesel & Motor Engineering PLC, commonly abbreviated as DIMO, is a Sri Lankan conglomerate company. The company engaged in vehicle sales, after-sales services, retail, construction and logistics solutions and agriculture sectors. The company was founded in 1939 and was listed on the Colombo Stock Exchange in 1964. DIMO is one of the LMD 100 companies, a list of quoted companies in Sri Lanka by revenue and ranked 39th in the 2020/21 edition.

<span class="mw-page-title-main">Brown and Company</span> Sri Lankan conglomerate holding company

Brown and Company PLC, sometimes called Browns Group, is a conglomerate holding company in Sri Lanka. The company was founded by James Brown, a 25-year-old engineer and mechanic from London who arrived in Ceylon in 1872. In 1892, the company was incorporated and in 1991 the company became a listed company on the Colombo Stock Exchange. The company was included in S&P Sri Lanka 20 Index in June 2021. Brown and Company is one of the LMD 100 companies, an annual list of Sri Lankan listed companies by revenue, having ranked 42nd in the 2020/21 edition.

<span class="mw-page-title-main">Haycarb</span> Activated carbon manufacturing company in Sri Lanka

Haycarb PLC is a coconut shell-based activated carbon manufacturing company in Sri Lanka. Haycarb was incorporated in 1973. The company controls 16% of the world's market share. Haycarb operates manufacturing plants in Sri Lanka, Thailand and Indonesia, while marketing offices are located in the United States, the United Kingdom and Australia.

<span class="mw-page-title-main">Janashakthi Insurance</span> Insurance company in Sri Lanka

Janashakthi Insurance PLC is an insurance company in Sri Lanka. The company was incorporated in 1992 and its operations were commenced in 1994. Janashakthi Insurance became the first company to specialise in life insurance in Sri Lanka. Janashakthi Insurance became a public company when the company was listed on the Colombo Stock Exchange in 2008. The company was a constituent of the S&P Sri Lanka 20 Index in 2016. Janashakthi Insurance is ranked 85th in LMD 100, an annual list of listed companies by revenue in Sri Lanka. Janashakthi Insurance is known for its long-term patronage of sports, especially cricket.

<span class="mw-page-title-main">Swadeshi Industrial Works</span> Personal care products manufacturing company in Sri Lanka

The Swadeshi Industrial Works PLC is a personal care products manufacturing company in Sri Lanka. The company became the first local soap manufacturing company when the company was incorporated in 1941. Swadeshi is a listed company on the Colombo Stock Exchange. Brand Finance calculated Swadeshi Industrial Works' brand value to be LKR543 million in 2022 and ranks the company as 85th most valuable brand in Sri Lanka.

<span class="mw-page-title-main">HDFC Bank of Sri Lanka</span> Specialised bank in Sri Lanka

The Housing Development Finance Corporation Bank of Sri Lanka PLC, commonly abbreviated as HDFC Bank of Sri Lanka PLC, is a specialised housing bank in Sri Lanka. The bank commenced operations in 1984 as a building society. Through successive acts in the Parliament of Sri Lanka over the years, the bank transformed into a state-owned enterprise, then a specialised bank and a listed company on the Colombo Stock Exchange in 2005. Since widening its scope of business in 2011, the bank established itself as a supporter of small and medium-sized enterprises. The government of Sri Lanka holds 51% of the bank's stocks, mainly through the National Housing Development Authority. HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.

<span class="mw-page-title-main">Ceylon Grain Elevators</span> Animal feed manufacturing company in Sri Lanka

Ceylon Grain Elevators PLC is an animal feed manufacturing company in Sri Lanka. The company was incorporated in 1982 as a result of an agreement between the Government of Sri Lanka and Prima Limited of Singapore. The company was listed on the Colombo Stock Exchange in 1984. Singapore-based, Prima Limited holds a controlling stake in the company's stocks. Ceylon Grain Elevators is part of the Prima Group in Sri Lanka. The company is ranked 50th in LMD 100, an annual list of listed companies in Sri Lanka by revenue.

<span class="mw-page-title-main">Asiri Hospital Holdings</span> Healthcare company in Sri Lanka

Asiri Hospital Holdings PLC, doing business as Asiri Health, is the largest private healthcare provider in Sri Lanka. The company commenced operations in 1986 and was listed on the Colombo Stock Exchange in the same year. Asiri Hospitals operate six hospitals and collectively has over an 800-bed capacity. Softlogic Holdings is the parent company of Asiri Hospitals group. Asiri Hospital Holdings ranked 57th in the LMD 100, an annual list of listed companies by revenue, in the 2020/21 edition.

<span class="mw-page-title-main">ACL Cables</span> Cable manufacturing company in Sri Lanka

ACL Cables PLC is a cable manufacturing company in Sri Lanka. ACL Cables manufactures and sells power cables, conductors, armoured cables and telephone cables. The company was established in 1962 as Associated Cables, a subsidiary of Associated Motorways. The company was publicly quoted in 1976. In 1980, the company moved out of Associated Motorways Group and was renamed ACL Cables in 1990. ACL Cables is one of the LMD 100 companies in Sri Lanka.

<span class="mw-page-title-main">Jetwing Symphony</span> Hospitality company in Sri Lanka

Jetwing Symphony PLC is a hotel chain in Sri Lanka. The company was incorporated in 2007. Following an oversubscribed Initial Public Offering in December 2017, the company started publically trading on the Colombo Stock Exchange in January 2018. Jetwing Symphony is the holding company of the Jetwing Group's new hotels. As of 2022, Jetwing Symphony manages seven properties across the country.

References

  1. ↑ "Annual Report 2021/22" (PDF). cse.lk. Tokyo Cement Company (Lanka) PLC. Retrieved 8 December 2022.
  2. ↑ "Tokyo Cement Company (Lanka) PLC". ft.com . Financial Times . Retrieved 8 August 2021.
  3. ↑ "Tokyo Cement Co. Lanka PLC". wsj.com. Wall Street Journal . Retrieved 8 August 2021.
  4. ↑ "CSE announces constituent change in S&P SL20 index". dailymirror.lk . Wijeya Newspapers. 20 June 2022. Retrieved 22 June 2022.
  5. ↑ "Financial Profile". LMD 100 . Media Services Pvt Ltd. Retrieved 8 December 2022.
  6. ↑ "Timeline". tokyocement.com. Tokyo Cement Company (Lanka). Retrieved 8 August 2021.
  7. ↑ Samaranayake, Tilak; Ross, Lee Ann (November 1986). "The Economic Impact of the Recent Ethnic Disturbances in Sri Lanka". Asian Survey. University of California Press. 26 (11): 1240–1255. doi:10.2307/2644318. JSTOR   2644318 . Retrieved 8 August 2021.
  8. ↑ "Fuji Cement to be amalgamated with Tokyo Cement". ft.lk. Wijeya Newspapers. 4 December 2014. Retrieved 8 August 2021.
  9. ↑ "Tokyo Cement to enhance production of Ordinary Portland Cement & Hydraulic Cement by 1mn MT per year". adaderana.lk. Ada Derana. 19 November 2020. Retrieved 8 August 2021.
  10. ↑ Lugoda, Uwin (7 May 2020). "Tokyo Cement wants import restrictions continued". themorning.lk. The Morning Leader . Retrieved 8 August 2021.
  11. ↑ "Immenent housing boom to lift Tokyo Cement". Echelon Magazine. No. 17 November 2020. Echelon Media Pvt Ltd. Retrieved 8 August 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.