Tokyo Cement
Company type | Public |
---|---|
CSE: TKYO.N0000 | |
ISIN | LK0165N00007 |
Industry | |
Founded | 1982 |
Founder | A. Y. S. Gnanam |
Headquarters | , Sri Lanka |
Key people |
|
Revenue | LKR52,478 million (2022) |
LKR5,232 million (2022) | |
LKR(358) million (2022) | |
Total assets | LKR47,210 million (2022) |
Total equity | LKR20,920 million (2022) |
Owner |
|
Number of employees | 1,206 (2022) |
Website | tokyocement |
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
The company was founded in 1982 as a
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
References
- ^ "Annual Report 2021/22" (PDF). cse.lk. Tokyo Cement Company (Lanka) PLC. Retrieved 8 December 2022.
- ft.com. Financial Times. Retrieved 8 August 2021.
- Wall Street Journal. Retrieved 8 August 2021.
- dailymirror.lk. Wijeya Newspapers. 20 June 2022. Retrieved 22 June 2022.
- ^ "Financial Profile". LMD 100. Media Services Pvt Ltd. Retrieved 8 December 2022.
- ^ "Timeline". tokyocement.com. Tokyo Cement Company (Lanka). Retrieved 8 August 2021.
- JSTOR 2644318. Retrieved 8 August 2021.
- ^ "Fuji Cement to be amalgamated with Tokyo Cement". ft.lk. Wijeya Newspapers. 4 December 2014. Retrieved 8 August 2021.
- Ada Derana. 19 November 2020. Retrieved 8 August 2021.
- ^ Lugoda, Uwin (7 May 2020). "Tokyo Cement wants import restrictions continued". themorning.lk. The Morning Leader. Retrieved 8 August 2021.
- ^ "Immenent housing boom to lift Tokyo Cement". Echelon Magazine. No. 17 November 2020. Echelon Media Pvt Ltd. Retrieved 8 August 2021.