Tokyo Cement ventures into producing manufactured sands

Leading cement manufacturer Tokyo Cement Company (Lanka) PLC has ventured into producing of manufactured sands, the company informed the Colombo Stock Exchange yesterday.

To this end, Tokyo Cement has incorporated a joint venture company with Raddhalla Engineering & Earth Movers (Private) Limited under the name of Tokyo Super Aggregate Limited.

Tokyo Cement will hold 51 equity of the new company. The company will set up a plant to produce manufactured sand and the project cost is estimated at Rs.220 million.

“At present natural sand extraction is becoming less of an option because of lack of natural sand reserves.

New pit location opportunities are fewer, further from the marketplace and harder to secure,” Tokyo Cement said, explaining the rationale for its investment. 
In the past, natural sand extraction has been the backbone of the construction industry.

The new company is expected to produce high-quality manufactured sand of consistent quality and good qui-dimensional shape.

Tokyo Cement said its joint venture partner Raddhalla Engineering has the technical know-how for this highly specialized project.