Find more job opportunities here” READ MORE. In its 2011-2012 annual report, Tokyo also pointed out that a surge in private credit had contributed towards higher demand for cement. The modernisation and expansion of the jetty at the Trincomalee port by Tokyo Cement improved throughput efficiency by over 300%. 13 GRI- 102-3, 102-4, 102-6 Rs. In the Annual Report 2004/05 of Tokyo Cement, its Chairman, Deshamanya A Y S Gnanaam, said that however the consolidated net profit after tax and minority interest amounted to Rs322m, marginally down from Rs .337 million in 2003/04. We also introduced new international standards for Portland Cement that were well received by the local construction industry. 1732 @INSEEGroup. Mn. Our Colombo Port capacity expansion project was restarted, and we are on track to complete this before the end of the 2020 calendar year. 0000015245 00000 n As there is a demand for our innovation products, we will look into increasing the production of these items. In December 2019, the new government removed NBT (2%) and reduced VAT (to 8%) and then in a separate ruling revised the MRP for cement, thereby passing the tax benefit to consumers. /Prev 256496 At Siam City Cement, we create possibilities to share new ideas and aim for fulfilling our employees' learning and growth. 0000000649 00000 n We will also continue to educate the industry about emerging international cement standards as this is not part of the civil engineering curricula in local universities. … previous year. The financial year ended with the arrival of COVID-19, effectively derailing all production, marketing and sales activities. >> During the current year, we worked with Japanese contractors and consultant to develop custom concrete designs that a few years back would not have been possible in Sri Lanka. The year under review has not been an easy one and we anticipate more challenges to come. The Company achieved a before tax profit of Rs 789 Mn against the Rs 399 Mn loss of the previous year and an after tax profit of Rs 817 Mn against the net loss of Rs 332 Mn reported last year. With COVID-19, all tourism related construction projects have come to a halt and I do not expect a revival in the short-term. %PDF-1.4 While Tokyo Cement Group could not increase sales in this environment, the increased profitability could be attributed in part to years of investment into process engineering at our factories, and continued integration with our Enterprise Resource Planning (ERP) system. Annual Report Award Competition 2018. This approach helped maintain the growth momentum in a contracting market. The private sector cement major, Tokyo Cement, held its Annual Dealer Convention, hosting dealers from across the length and breadth of the country and introducing their all new brand, Nippon Cement. We added 600 Kw of solar power to the rooftop of our dendro power plant in Mahiyangana, giving us another alternative energy source. Service Offering Laboratory Services Training Academy Our Network. << Tokyo Eastern Cement Company, our cement subsidiary and Tokyo Cement Power Lanka, our dendro power company contributed positively to Before Tax Profit. was created on March 12, 2019. xref /E 24628 The company’s … The Tokyo Cement Group will strive to reduce raw material costs and improve production efficiency, through new standards, that have a lower carbon footprint. As a heavy industry, this is truly an achievement. Products & Solutions Cement Concrete Cement Based Solutions Aggregate Power. We’ve continued planting over 10,000 mangrove saplings per year to protect our coasts. Even freight costs increased, due to shortages of new low sulfur fuels, which were made mandatory by the International Maritime Organization. Request Information. The real-estate sector, which was driven by the apartment boom was also slowed down as there is currently a surplus. All Tokyo Super Cement Co Lanka (Pvt) Ltd shares representing the stated capital of the company will be cancelled without payment or any other consideration and TCCL will succeed to all the assets and liabilities of Tokyo Super Cement Co Lanka (Pvt) Ltd. Sustainability Our Philosophy Planet People Photo Gallery. Our Construction Research Centre is also making a name for itself as an industry specialist in concrete designs. I am proud to report that our entire manufacturing process over now operate fully on biomass energy, minimizing our carbon footprint from energy consumption. Integrated Annual Report 2019 summary - English (pdf, 9.29 MB) Integrated Annual Report 2019 summary - German (pdf, 9.33 MB) Sustainability performance report 2019 (pdf, 5.01 MB) Integrated Profit and Loss Statement (IP&L) (pdf, 751.67 KB) GRI Content Index 2019 (pdf, 155.16 KB) Materiality Review 2019 (pdf, 1.25 MB) The cement is suitable for structural and pre-cast concrete requiring high 0000001455 00000 n startxref While Tokyo Cement companies experienced some pressure on cash flows due to the overall industry, cash crunch, our financial strength and stringent financial oversight made it possible to withstand this situation. At Company level, we achieved an operating profit growth of 115% for the year, reaching Rs 2.2 Bn profit from operations. The Easter Sunday Attacks, set the catalyst for our behaviour for the rest of the year; forcing us to be more cautious and adaptive to continuously shifting environments. /Linearized 1 We maintained a conservative net operating cash flow of Rs 2.9 Bn. As for the construction industry, realistically, I do not see an immediate revival of demand for cement in the post-COVID recovery environment. Overall, national cement consumption continued on its downward trend totalling to 5.9 Mn MTs for the financial year, which is a decline of 10% year-on-year. Integrated Annual Report. The construction industry experienced increased costs, reduced liquidity and continuous disruptions to seasonal consumption behavior. Accountant at Tokyo Cement Company (Lanka) PLC Sri Lanka 198 connections. The previous year's figures and phrases have been re-arranged wherever necessary to conform The accounting policies … In operation for three-decades, Tokyo Cement Company (Lanka) PLC is the largest manufacturer and supplier of cement in Sri Lanka. Get information about Tokyo Cement dividends and ex-dividend dates. Despite the extreme uncertainty and cost increases we experienced during the year, Tokyo Cement has maintained its many environmental and social commitments. /Size 83 Asia Cement Plc Annual Report2019 ACC_EN (PDF, 4.73 MB) Annual Report2018 ACC_EN (PDF, 7.97 MB) Annual Report2017 ACC (PDF, 7.3 MB) Annual Report2016_ACC (PDF, 931.87 KB) Annual Report 2015_ACC (PDF, 8.97 MB) Annual Report 2014_ACC (PDF, 5.58 MB) Annual Report 2012_ACC (PDF, 7.91 MB) Annual Report 2011_ACC (PDF, 2.33 MB) Annual Report 2010_ACC (PDF, 1.74 MB) Annual Report … The name of the amalgamated company is now Tokyo Cement Coy (Lanka) PLC. The Tokyo Cement Group returned to profitability with a before tax profit of Rs 2.6 Bn from the loss of Rs 1.5 Mn last year and an after tax profit of Rs 2.3 Bn from the loss of Rs 476 Mn. >> The current year’s financial performance reflects this pre-emptive and prudent approach. PDF; TAIHEIYO CEMENT CORP does not currently have any hardcopy reports on AnnualReports.com. is the largest manufacturer and supplier of cement in Sri Lanka over 30 years. 5. >> The cash squeeze extended into the wider economy, as the construction sector is one of the largest employers in the country, with a significant informal workforce and an island-wide network of smaller suppliers, dealers, and agents. During the current year, we worked with Japanese contractors and consultant to develop custom concrete designs that a few years back would not have been possible in Sri Lanka. Technology transfer and training programs were continued and we hosted another Japanese Engineer specializing in concrete, at our research centre to share expertise in developing new designs. Tokyo Supermix, our ready mix concrete company made a marginal loss and our sand manufacturer, Tokyo Super Aggregate also made a marginal loss in the low demand environment during the current year. Board of Directors. Please fill out the form below and click "Place Order" to … A ... Budapest and Tokyo, as well in the Ministry of External Affairs and the President’s Secretariat. Service Offering Laboratory Services Training Academy Our Network. It gives me great pleasure to present the annual report and accounts of Tokyo Cement Company (Lanka) PLC for the financial year 2014/15. Over the years and in partnership with our thousands of customers, business partners and other associates, we have built a valuable and respected business enterprise that works to the same principles of responsibility, integrity and trustworthiness as it did at origin. The Company has followed the same Accounting Policies as disclosed in the Annual Report for the financial year Institute of Chartered Accountants of Sri Lanka. financial year further ran up our costs, as we are entirely import dependent for clinker. Tokyo Cement Company, a unit of Japan’s Mitsui Mining, said March quarter group net profit fell by more than half, dragging down annual earnings by 39 per cent to LKR496m, according to a stock exchange filing. /Type /Catalog /N 12 Our staff from TOKYO SUPERMIX and the factory, were also sent to Japan for training. Tokyo Cement Recognizes Dealers and Partners in Trincomalee Factory Visit. 0000021698 00000 n Annual Report 2019-20. TAIHEIYO CEMENT CORP has reached its limit for free report views. ANNUAL REPORT 2015/16 | 7 “Nippon” is the premium brand of Ordinary Portland Cement manufactured by Tokyo Cement Co. (Lanka) PLC. The Tokyo Cement Company Lanka PLC financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. In making my first statement in the capacity of Chairman, I would like to express my gratitude to the Company for presenting me with this rare honour of chairing the Board of one of the premier corporate bodies in Sri Lanka. INSEE Connect. << The Annual Report of the Ministry of External Affairs is brought out by the Policy Planning and Research Division. Much of this cost can be attributed to ongoing projects. Most Recent Annual Report. /T 256508 SENIOR SUPERINTENDENT OF POLICE - ANURA SENANAYAKE........ Dhammika Perera: Awakening The Giants........ Defence Secretary Gotabaya Rajapaksa: The Unshakable Will........ Business Today TOP 30 2015-2016: A NEW SRI LANKA........ © 2020 Business Today. Our Construction Research Centre is also making a name for itself as an industry specialist in concrete designs. Payment delays by the Government to contractors continued, sometimes as much as for 18 months, which caused major cash constraints within the industry. ANNUAL REPORT 2019-2020. Annual Reports. /Length 732 Report this profile About To be a dynamic professional, working in a challenging environment that would enable me to enhance and utilize my skills and abilities in the Finance and Management sector and venture into wide range of knowledge, leading to self … I am confident we can overcome any challenges of the future, if we continue to stand together. We also hope freight costs will reduce as the supply of low sulfur fuel production has increased. However, in response to the dramatic shift in the external risk environment, we have had to cut back on some of our plans, such as temporarily pausing the capacity expansion at the Colombo Port. Sustainability Our Philosophy Planet People Photo Gallery. We also use Fly Ash, a waste by product from the Norochcholai coal power plant in our Blended Hydraulic Cement. However, our factory modernization plans are on track and the Central Control Room in Trincomalee was brought online, which has automated most of the production process. endobj From Annual Report 2019/2020 - Financial Year ending March 31, 2020. /Names << /Dests 44 0 R>> I am proud to report that our entire manufacturing process now operate fully on biomass energy, minimizing our carbon footprint from energy consumption. /Root 74 0 R /L 258092 %%EOF Therefore, we hope the Government will introduce further progressive measures towards import substitution, greater domestic value-addition and protection against unfair trading practices. As a heavy industry this is truly an achievement. This is a total payment of Rs 601,425, 000/- to our shareholders for the year. Annual Report 2016-17. /Outlines 57 0 R The EV/EBITDA NTM ratio of Tokyo Cement Company (Lanka) PLC is significantly lower than the average of its sector (Building Materials & Fixtures): 8.56. Annual Report 2011/12 l5. More News. The financial year was marked with several market disruptions; commencing with the Easter Sunday Attacks, followed by extended monsoons, presidential elections, volatile policy environment, and ending unceremoniously with the onset of the pandemic. THE ALLIANCE OPERATING BOARD. We closed the year with a net positive cash flow of Rs 290 Mn, a 137% growth on the previous financial year, in which we experienced a net negative cash flow. most of the production process. Not only has Tokyo Cement Group recorded a profitable year, we have consolidated our position as the largest cement manufacturer in Sri Lanka, both in capacity and market share. However, Government payment delays to contractors may slow down these projects and as a result the construction sector recovery. Also making a name for itself as an industry specialist in concrete.... And protection against unfair trading practices button below to request a report when hardcopies become available Based Aggregate... 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