Tokyo Cement

Tokyo Cement Company (Lanka) PLC

Logo of Tokyo Cement

Tokyo Cement factory in Trincomalee

Company type| Public

Traded as

| CSE: TKYO.N0000
ISIN| LK0165N00007
Industry|

* Materials

Founded| 1982; 42 years ago (1982)
Founder| A. Y. S. Gnanam
Headquarters|

Colombo

Sri Lanka

Key people

* Harsha Cabral (Chairman)
* S. R. Gnanam (Managing Director)

Revenue|  LKR52,478 million (2022)

Operating income

|  LKR5,232 million (2022)

Net income

|  LKR(358) million (2022)
Total assets|  LKR47,210 million (2022)
Total equity|  LKR20,920 million (2022)
Owner|

* St. Anthony's Consolidated (Pvt) Ltd (27.5%)
* South Asian Investment (Pvt) Ltd (20.1%)
* UBE Singapore Holdings Pte. Ltd (10.0%)

Number of employees

|  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]

## History

[edit]

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

[edit]

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

[edit]

* List of companies listed on the Colombo Stock Exchange

## References

[edit]

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. 26 (11). University of California Press: 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.

## External links

[edit]

* Official website

* v
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* e

S&P Sri Lanka 20 Index companies of Sri Lanka → All Share Price Index

Current|

* Chevron Lubricants Lanka
* CIC Holdings
* Commercial Bank of Ceylon
* DFCC Bank
* Dialog Axiata
* Distilleries Company of Sri Lanka
* Hatton National Bank
* Hayleys
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* John Keells Holdings
* Lanka IOC
* LB Finance
* LOLC Finance
* LOLC Holdings
* Melstacorp
* National Development Bank
* Nations Trust Bank
* Royal Ceramics
* Sampath Bank
* Vallibel One

Former|

* Access Engineering
* Aitken Spence
* Brown and Company
* Browns Investments
* Ceylon Tobacco Company
* Commercial Leasing and Finance
* Dipped Products
* Expolanka Holdings
* Hela Apparel Holdings
* HNB Assurance
* Janashakthi Insurance
* People's Leasing & Finance
* Richard Pieris & Company
* Softlogic Holdings
* Softlogic Life Insurance
* Sri Lanka Telecom
* Teejay Lanka
* Tokyo Cement Company (Lanka)
* Union Bank of Colombo
* Watawala Plantations

* v
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S&P Sri Lanka 20 Index ← All Share Price Index companies of Sri Lanka

Energy|

* Lanka IOC
* LAUGFS Gas

Materials|

* Alumex
* Chevron Lubricants Lanka
* CIC Holdings
* Dipped Products
* Haycarb
* JAT Holdings
* Swisstek (Ceylon)
* Tokyo Cement

Capital Goods|

* Access Engineering
* ACL Cables
* Aitken Spence
* Brown and Company
* Colombo Dockyard
* E. B. Creasy & Company
* Hayleys
* Hemas Holdings
* John Keells Holdings
* Lanka Tiles
* Lankem Ceylon
* Renuka Holdings
* Richard Pieris & Company
* Royal Ceramics
* Sierra Cables
* Softlogic Holdings
* Vallibel One

Transportation|

* Digital Mobility Solutions Lanka

Automobile and Components|

* Kelani Tyres

Consumer Durables and Apparel|

* Ambeon Holdings
* Dankotuwa Porcelain
* Hayleys Fabric
* Hela Apparel Holdings
* Teejay Lanka

Consumer Services|

* Aitken Spence Hotel Holdings
* Asian Hotels and Properties
* Ceylon Hotels Corporation
* Citrus Leisure
* Galadari Hotels (Lanka)
* Hayleys Leisure
* Hunas Holdings
* Jetwing Symphony
* John Keells Hotels
* Mahaweli Reach Hotels
* TAL Lanka Hotels
* The Fortress Resorts
* The Kingsbury
* The Lighthouse Hotel
* The Nuwara Eliya Hotels Company
* Trans Asia Hotels

Retailing|

* Diesel & Motor Engineering
* Odel
* Singer (Sri Lanka)

Food and Staples Retailing|

* C T Holdings
* Cargills (Ceylon)

Food, Beverage and Tobacco|

* Bairaha Farms
* Carson Cumberbatch
* Ceylon Cold Stores
* Ceylon Grain Elevators
* Ceylon Tobacco Company
* Dilmah
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* Harischandra Mills
* HVA Foods
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* Lanka Milk Foods
* Lion Brewery (Ceylon)
* Melstacorp
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Household and
Personal Products|

* Swadeshi Industrial Works

Health Care Equipment
and Services|

* Asiri Hospital Holdings
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Banks|

* Amana Bank
* Cargills Bank
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* HDFC Bank of Sri Lanka
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* Nations Trust Bank
* Pan Asia Bank
* Sampath Bank
* SDB bank
* Seylan Bank
* Union Bank of Colombo

Diversified Financials|

* Capital Alliance
* Central Finance Company
* Citizens Development Business Finance
* LB Finance
* LOLC Finance
* LOLC Holdings
* People's Leasing & Finance
* Vallibel Finance

Insurance|

* Amana Takaful
* Ceylinco Insurance
* Janashakthi Insurance
* Softlogic Life Insurance
* Union Assurance

Telecommunication
Services|

* Dialog Axiata
* Sri Lanka Telecom

Utilities|

* Vallibel Power Erathna
* WindForce

Real Estate|

* C T Land Development
* Colombo Land and Development Company
* Overseas Realty

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