INSEE Cement Sri Lanka has launched its first Global Reporting Initiative (GRI) by releasing its inaugural Sustainability Report 2018. If the first LNG plant was initiated and a viable means of supplying the LNG was initiated in 2016, we could have avoided depending on emergency power for at least two years up to now, and it would have improved the space for greater level of integration of Solar and Wind to the national grid and the consequent reduction of the huge losses incurred by the CEB annually. Sri Lanka’s construction industry catalyst INSEE Cement rewarded its island-wide distributor network at the annual INSEE Business Partner Awards 2020 held recently. “Elevating economically disadvantaged communities in this manner contributes towards expanding their livelihoods while enabling their economic upliftment.”. JKH currently holds 29.52% of the voting shares of NTB and 51.76% of its non-voting shares. Education Zahira College Zahira College Advance certificate couse in financial and management accounting Accounting. Our 150-Year Journey History Leadership Our Brands. The report was officially made public at an event in Colombo featuring a panel discussion on sustainability. Following table shows the categorization of cement industry of Sri Lanka. 2014 - 2016. Under this agreement, discarded waste material such as carbon pens and toothbrushes will be collected and repurposed by INSEE and Atlas. If the gas supplies are not available by the time the power plant is commissioned, will the plant be operated with diesel or some other oil and for how long? (Holcim (Lanka) annual review and sustainability report, 2007) Company category Roles Value addition in Sri Lanka Number of companie s Examples Local Manufacturers producing their own clinker to grind cement, bag it and bring it to market >80% 1 Insee cement 5. Cardiff Metropolitan University. Our parent company, Siam City Cement Public Company is based in Thailand and provides world class construction materials for Thailand, Cambodia, Bangladesh, Vietnam, Indonesia and Sri Lanka. Therefore the addition of adequate battery storage is feasible to at least serve the peak loads as well as to make them sources of firm power. INSEE Cement enters into a three-year corporate partnership with the national body of marketing in Sri Lanka, the Sri Lanka Institute of Marketing (SLIM), by becoming the official corporate sponsor of SLIM’s annual hosted events. OUR PRODUCTS. The Ministry of Environment signed a Memorandum of Understanding (MoU) with INSEE Cement and Atlas Sri Lanka to support this recycling project. Sudashini Christopher, company communications and reputation manager said, "Launching this inaugural report is our first step towards accountability and transparency of our sustainable practices." Lanka Cement PLC Annual Report 2015 Page 5 Chairman’s Review Chairman’s Message It is a pleasure me to write this message as the Chairman of the Lanka Cement PLC for the 23rd Extraordinary General Meeting from 2010 to 2015 on behalf of Board of Directors of the Build for Life | INSEE Cement, also known as Siam City Cement (Lanka) Limited is a member of the Siam City Cement Public Company (SCCC). Siam City Cement (Lanka) Limited. Mason Chats, Mason Meets and exclusive membership to the INSEE Concrete Society (ICS) has provided local masons industry inclusivity as well as recognition and rewards to encourage new avenues of income and entrepreneurship. The detailed data and analytical insights allow readers to develop strategic directions, competitive strategies and position their business to evolve with the industry and capture opportunities. INSEE Cement | 5,063 followers on LinkedIn. ABOUT US. Factoring non-voting shares, it currently holds an economic interest of 32.5% of the bank, it disclosed. However, a very severe uncertainty of the source and the means of supplying the LNG necessary to operate the 300 MW LNG plant remains unresolved, and appears to be ignored, according to the information available to the general public. “Litro Gas Lanka will now be reaching out to new segments of the community, giving them access to clean cooking energy, thereby adding a new dimension of efficiency to their lives.”, Sri Lanka coughing up a container terminal, Appropriate time to appreciate Abraham Kovoor and his son Aries, Cricket fraternity mourns gentleman Shashi Ganesan, Lankans who volunteered for service with the Royal Air Force during World War 2, Army veteran appointed Vice Chairman of CEB to handle optimizing use of renewable energy, Copyright © 2020 Upali Newspapers (Pvt) Ltd. Natural Gas is certainly not a renewable energy resource. The Puttalam cement factory, owned by the Swiss company Holcim Group, is the biggest one in Sri Lanka and is located in … “The INSEE Sathkara initiative facilitates empowerment and development through up-skilling, social recognition and financial stability, an all-round approach that has successfully nurtured a new generation of masons that are fast adaptable to industry demands through newly developed skillsets, knowledge and capacities,” says Jan Kunigk, Executive Vice President, INSEE Cement. This is regularly reported in the HNB Annual Report. The knowledge I gained about the industry, Sri Lanka Standards Institute (SLS) standards and safety requirements have made me a better professional, and my clients respect me more because of it,” stated Ratna Ravindara, a mason based in Kandy with over two decades of industry experience. 2. Join to Connect INSEE Cement. Oct 21, Colombo: An agreement between the State Engineering Corporation and the premier local cement manufacturer INSEE Cement Sri Lanka was signed in the presence of Prime Minister Mahinda Rajapaksa in … Process and Energy Manager at INSEE Cement Sri Lanka 286 connections. * Potential fugitive emissions of Methane prior to combustion which is 23 time more potent than Carbon Dioxide. All the annual reports of the John Keells Holdings PLC are shown here dating back to 2004. Annual Report 2019: Available as: PDF Publication Date: 28 April 2020. INSEE Cement enters into a three-year corporate partnership with the national body of marketing in Sri Lanka, the Sri Lanka Institute of Marketing (SLIM), by becoming the official corporate sponsor of SLIM’s annual hosted events. Central Finance too has been granted further time till Dec. 31, 2021, to come down to 15%, JKH’s Stock Exchange filing said. This requirement is to conform with the law that individual and aggregate related party holdings in commercial banks be restricted to a maximum of 15% although time-bound extensions, some granted as long as 10 years ago, have been allowed. Presentation (Video) Presentation (Slides) Annual Report 2018: Available as: … Solution by. For more than a decade, Mr. Surana played a vital role in 5 different Sri Lanka: Insee Cement has extended the concessionary rate for its Sanstha cement product for current and former Sri Lankan armed forces personnel. Fortunately there is an interest to accelerate the implementation of the many stalled renewable energy projects, thus setting the country on the correct path. Those of us who were hoping for some sanity to emerge in the energy sector were given a severe jolt on Dec. 15 on reading the press release from the Presidential Secretariat, presumably after the Presidents meeting with the Ministers and senior officials of the energy sector. Sri Lanka's foremost cement manufacturer marked an important milestone in its ongoing journey of "Building the Nation" when Siam City Cement (Lanka) Ltd, also known as INSEE Cement Sri Lanka, announced the launch of the company's first Global Reporting Initiative (GRI) based and externally assured Sustainability Report 2018 on the 23rd of July 2019 at a conference held at Taj Samudra … Education Zahira College Zahira College Advance certificate couse in financial and management accounting Accounting. Stating that Sri Lanka sees an annual cement consumption of 6 million tonnes in a normal year, INSEE Cement Sri Lanka claimed it could exceed this with its production capacity of 7.3 million tonnes per annum. Products and Services Project. “Five years ago, I was able to complete a course conducted by INSEE Cement and NAITA and received a Level 3 NVQ certification – my first professional credentials as a mason. Home The Company Products Offers News Locations Careers Contact Us The Company Products Offers … Colombo, 23rd July 2019: Sri Lanka’s foremost cement manufacturer marked an important milestone in its ongoing journey of “Building the Nation” when Siam City Cement (Lanka) Ltd, also known as INSEE Cement Sri Lanka, announced the launch of the company’s first Global Reporting Initiative (GRI) based and externally assured Sustainability Report 2018 on the 23 rd of July 2019 at a conference held at Taj … Insee Cement chairman Nandana Ekanayake said, "We are thrilled to be offering Sri Lanka's most loved homebuilding cement brand … 1732 ... Minimization Environmental Initiatives Social Care CSR Policy CSR Key projects Community Development Stakeholder Engagement SD Report. The Daily FT newspaper has reported that the company first launched the scheme in August 2020. The Litro Gas accessory pack exclusively provided for Samurdhi beneficiaries contains a Litro Gas cylinder, cooker, regulator, hose and two safety clips at a special price. What will be the extra cost of using such alternate fuels and who will bear the extra cost above the tendered price of Rs 14.85 per unit? ISBN: 978-955-575-396-8. Sri Lanka’s leading cement manufacturer INSEE Cement is driving transformation across the local construction industry with significant investments in empowering one of the sector’s key stakeholder groups; the mason. CONTACT US CONTACT US. INSEE Cement Sri Lanka has launched its first Global Reporting Initiative (GRI) by releasing its inaugural Sustainability Report 2018. But the million dollar questions remains unanswered: 1. At Hatton National Bank for example, Harry Jayawardena related parties including Stassen, Milford and Distilleries, have been restrained from exercising voting rights in excess of the 15% cap by the non-registration of shares they continue to own. Economic backdrop: Population, GDP structure by sector, GDP per capita, foreign direct investment Under whose control will such supplies, presumably from an FSRU operate, and which is the location chosen? But on a happier note, the world did not stand still, and technologies are now available to iron out variability and seasonal and diurnal nature of wind and solar energy . “This initiative with Litro Gas Lanka is commendable and timely for Samurdhi beneficiaries”, said Thilakasiri. The resultant cost may not surpass the Rs 14.85 per unit expected from the LNG plant. LNG is the lesser evil, and in the light of the CEBs reluctance accept the vast strides in technology which has made it possible for both wind and solar to be upgraded to firm sources of electricity generation, and due to the lack of any significant additions to the generation capacity for over five years, limited use of Natural Gas may have to be viewed as an interim option. The previous requirement was to meet the 20% cap by the end of this year. INSEE Cement Sri Lanka inked two vital Memoranda of Understandings (MoUs) with the Ministry of Environment and the Central Environment Authority to support the government’s sustainability agenda with emphasis on waste management. But it will certainly emit, * 50% of carbon emissions compared to Coal not zero carbon as in case of Solar and Wind, * Significant amounts of Oxides of Nitrogen. INSEE Cement’s approach is to build a certified and skilled workforce with recognized credentials to bridge a gaping skill gap in the construction industry. Published in Global Cement News 2. I improved my tile work skills, which also increased my income,” Dissanayaka stated. Local production of cement rose 13.6 percent, to 1.97 million metric tonnes, while cement imports increased by … Save my name, email, and website in this browser for the next time I comment. Siam City Cement Public Company Limited. Sri Lanka’s foremost cement manufacturer marked an important milestone in its ongoing journey of “Building the Nation” when Siam City Cement (Lanka) Ltd, also known as INSEE Cement Sri Lanka, announced the launch of the company’s first Global Reporting Initiative (GRI) based and externally assured … 2014 - 2016. This training gave me knowledge and insight that I had not received in over a decade of working as a mason, and it made me look at my profession differently. INSEE Connect. This will enable the president to plan for the next goal of 100 % RE. Fortunately, good sense has prevailed and an amended press release appeared next day without the reference to LNG as part of the 70% R E Target by 2030. Sustainability Performance. There was no clear indication whether they will be permitted to continue holding their present stakes enjoying dividends and other shareholder rights except voting rights. But is it a “Clean” source of energy? INSEE Cement, Sri Lanka’s leading and only 100% local cement manufacturer has issued an update and progress report of work completed towards the rehabilitation and reforestation efforts addressing the incident of illegal encroachment and forest clearing in its long-term leased land in Aruwakkalu. Scope of the report: 1. Dialog Axiata continues to power Sri Lanka Cricket as official National Team Sponsor, Remarkable National Athletics Championship of 1995, Buoyed Lankans take on new look South Africans on Boxing Day Test, School athletes’ prospects at National Athletics Championship, The Darker Side and the Light at the end of the Energy Tunnel, Regulator notices JKH and Central Finance to reduce their NTB stakes, Litro Gas economically empowers Samurdhi beneficiaries, Bill Gates says current breakthroughs will make 2021 better than 2020. Presentation (Video) Presentation (Slides) Annual Report 2018: Available as: … These two programs would add 1,500 MW of Solar PV and create vast employment opportunities. The products include gloves and additives. ... reputation as an honest and reliable provider of outstanding products and services and as a key player in several of Sri Lanka’s biggest transportation and infrastructure projects. … Colombo, Western, Sri Lanka. ... Report this profile About I know I m good ... INSEE Cement Dec 2018 - Present 2 years 1 month. In Sri Lanka’s context, what is even more important is the fact it is an imported resource subject to the vagaries of price fluctuations and the parity rate of exchange, continuing to compromise our energy security. Wed, Oct 21, 2020, 10:37 pm SL Time, ColomboPage News Desk, Sri Lanka. It is also a matter of comfort to listen to the recordings of the above meeting, where the president was very clear in his instructions citing only Hydro, Wind and Solar as the renewable energy sources. Having garnered a strong and successful working relationship in the past with SLIM, INSEE Cement works to further strengthen the partnership by About us – Vision, Mission, and Commitments. 540, Ven. With a total of 1.6 Million Samurdhi recipients, the future potential for growth of this program is immense. INSEE contribution to sustainable development using Nature Based Solutions 09.08.2019. INSEE Cement entered into two Private-Public Partnerships (PPP) supporting the government’s sustainability agenda. ... INSEE Cement Sri Lanka Hosts Glitzy Awards Night in Recognition of Top Performing Business Partners . The Monetary Board has noticed both John Keells Holdings and Central Finance that they should reduce their group holdings in the Nations Trust Bank to a maximum of 20% by the end of next year and 15% a year after. INSEE Cement also launched a Mason Apprenticeship Program to provide 120-day training opportunities for masons to learn on the job, preparing them to enter the workforce with specialized skillsets. INSEE Cement Sri Lanka launches its Sustainability Report 2018. Home The Company Products Offers News Locations Careers Contact Us. The report was officially made public at an event in Colombo featuring a panel discussion on sustainability. The Daily FT newspaper has reported that the company first launched the scheme in August 2020. For example the State Minister is keen to launch the 100 MW Solar park at Siyambalanduwa and a further 100 MW of solar and 150 MW of wind power in Pooneryn very early. Published in Global Cement News Under the agreement, Samurdhi recipients will now be able to upgrade to a Litro Gas cylinder, a cooker and an accessory pack at a concessionary rate, giving them the opportunity to make use of LPG as a clean and safe cooking energy. Having garnered a strong and successful working relationship in the past with SLIM, INSEE Cement works to further strengthen the partnership by The program ensures sustainable capacity development for masons backed by National Vocational Qualifications (NVQ) in collaboration with the National Apprentice and Industrial Training Authority (NAITA) of Sri Lanka. The opening of the new Galle Cement Grinding Plant will make INSEE the first Loesche Vertical Mill in Sri Lanka; with a highly environmentally friendly production process. ... INSEE Cement. Information Supplementary to the Annual Report 2019/20. The CW Group Research report provides an in-depth and data-oriented analysis of the cement market in Sri Lanka. Our Group. 4. Required fields are marked *. Oct 21, Colombo: An agreement between the State Engineering Corporation and the premier local cement manufacturer INSEE Cement Sri Lanka was signed in the presence of Prime Minister Mahinda Rajapaksa in … This professional up-skilling has enabled INSEE Cement to create much needed social recognition and acceptance for Masons across Sri Lanka as a crucial link in the construction industry value chain. Executive summary. INSEE Cement launches Sri Lanka’s inaugural Sustainability Report 2018. Corporate Information Investor FAQ Financial Reports Stock Information Investor Presentations Q1 - 2021 Q2 - 2021 Q3 - … 3. This was indeed a shock, as this portends an attempt to constrain the space available for the future development of true renewable energy, thus scuttling the President’s declared target. 26 July 2019. What is the means of supplying LNG to the proposed 300 MW power plant at Kerawalapitiya? – the clinker/cement ratio is reduced by replacing a part of the clinker with other substitution like calcium carbonate etc. October, 8, 2020 INSEE Cement, Sri Lanka’s leading and only 100% local cement manufacturer has issued an update and progress report of work completed towards the rehabilitation and reforestation efforts addressing the incident of illegal encroachment and forest clearing in its long-term leased land in Aruwakkalu. But it is a matter of concern to us why Bio Energy which has none of the impediments of Solar and Wind, but has multiple spin off benefits, and has all the attributes of a source of firm power available 24/7 throughout the year, continues to be ignored. UltraTech Cement — India is the country's largest exporter of cement clinker. INSEE Mortar. Analysts said that the options before shareholders holding more than the permitted cap would be to sell down or seek further extensions of the time limits granted to acheive permissible levels. Corporate Information Investor FAQ Financial Reports Stock Information Investor Presentations Q1 - 2021 Q2 - 2021 Q3 - … The report details cement tonnage volume and price trends in Sri Lanka as well as product segments, providing a strategic perspective on the evolution and an outlook through 2021 looking perspective on the market. Stating that Sri Lanka sees an annual cement consumption of 6 million tonnes in a normal year, INSEE Cement Sri Lanka claimed it could exceed this with its production capacity of 7.3 million tonnes per annum. Our Group. • Blended cement - Insee cement is the first blended cement launched in Sri Lanka. Sri Lanka: INSEE Cement has launched its first Global Reporting Initiative (GRI) based and externally assured sustainability report. The demand of cement in Sri Lanka is growing fast due to the rapid development in the services, tourism, and construction sectors. – the clinker/cement ratio is reduced by replacing a part of the clinker with other substitution like calcium carbonate etc. In a move aimed at empowering the economically challenged communities across Sri Lanka, Litro Gas Lanka Ltd., recently signed an MOU with the Department of Samurdhi Development – Prajamula Bank Division. Investor Relations. X Search. INSEE SUPERBLOCK. This is added to by the fact that due to the COVID-19 crisis, cement consumption is expected to drop to 3.7 million tonnes in 2020. Using cleaner, efficient energy for cooking also supports improving their living standards, thereby reduce indoor air pollution considered a globally critical issues among communities. To secure a stronger financial future for masons, INSEE Cement has introduced a comprehensive life insurance policy with disability, medical and accidental cover. As usual Sri Lanka has missed the bus in this instance too. Our 150-Year Journey History Leadership Our Brands. Wed, Oct 21, 2020, 10:37 pm SL Time, ColomboPage News Desk, Sri Lanka. 5. The Annual Report for the year ended on December 31, 2018 is available in the Company s website at ... Sri Lanka and India. Chemanex PLC produces and distributes chemical and industrial intermediates in Sri Lanka. The company has 12 integrated plants, one clinkerisation unit, 16 grinding units, six bulk terminals, one white cement plant, two Wallcare putty plants and 101 RMC plants — spanning India, UAE, Bahrain, Bangladesh and Sri Lanka. READ MORE. Tokyo Cement Company (Lanka) PLC 469 1/1, Galle Road, Colombo 3, Sri Lanka. ISBN: 978-955-575-396-8. We earnestly request Minster Dulles Alahapperuma and State Minister Duminda Dissanayake to very seriously evaluate this possibility. ‘INSEE Sathkara’, a multifaceted initiative to develop local masons powered by INSEE Cement is shaping the mason of the future – a professionally, socially and financially empowered individual contributing significantly to the advancement of both the local construction industry and Sri Lanka’s economy. As a further step in this direction the program to install micro Solar Parks of 100 kW linked to 10,000 distribution transformers will make the Electricity generation a national industry adding further to the GDP. Annual Report of the Board of Directors 10 Statement of Directors' Responsibility 13 ... held on 18th September 2018 at the Association of Accounting Technicians of Sri Lanka, No. Sri Lanka escaped a potential disaster by not proceeding with an unsolicited proposal to set up a Floating Storage and Re-gasification Unit (FSRU) and a contract to supply LNG for 20 years on terms totally disadvantageous to us. Your email address will not be published. Senior officials of both organizations were also in attendance. … All the annual reports of the John Keells Holdings PLC are shown here dating back to 2004. X Search. For Ajith Kumara Dissanayaka from Ambathenna, a mason for nearly 16 years, receiving all-round advancement through INSEE Sathkara has been truly life changing. “I joined the INSEE programme five years ago, and have benefited in ways I never imagined. ABOUT US. It is very likely that all these projects will generate electricity at costs less than Rs 10.00 per unit. Stock Info Financial Reports Board of Directors. Contact Us. Insee Cement extends Sanstha cement concession for military personnel, Written by Global Cement staff, Cementir Holding to launch calcined clay cement product in 2021, FLSmidth launches kiln monitoring service, Raysut Cement inaugurates leisure facilities, Lanwa Sanstha Cement’s Hambantota cement plant on course for June 2021 commissioning, Join the Global Cement Live weekly webinar - FREE - Thursdays 2 - 3pm CET. INSEE Cement, also known as Siam City Cement (Lanka), is expanding its current manufacturing capacity with 400,000 MT Cement Grinding Plant in Galle nearing completion. Long-established ICS-member masons are also rewarded for their contribution to the local construction industry through ‘INSEE Garu Sara’. JKH has been granted further time till Dec. 31, 2021, and Dec. 31, 2022 to reduce its shareholdings in NTB to 20% and 15% respectively. “With this, we are giving them the opportunity to improve their living standards while assisting them to make use of the offer in a practical and an affordable manner.”, Janaka Pathirathna, Director Sales & Marketing/Corporate Affairs at Litro Gas Lanka noted that this joint proposition will extend and enhance Litro Gas Lanka customer promise to the wider community. Sri Lanka: Insee Cement has extended the concessionary rate for its Sanstha cement product for current and former Sri Lankan armed forces personnel. Central Finance’s group holding of NTB voting shares is 19.74% and together with its non-voting shares it has an economic interest of 21.38% in the bank, the company disclosed. Sudashini Christopher, company communications and reputation manager said, "Launching this inaugural report is our first step towards accountability and transparency of our sustainable practices." With such a plethora of unanswered questions, even assuming that Sri Lanka will be obliged to proceed with the first 300 MW LNG plant, at least as a means of avoiding any more ruinous emergency power options, isn’t it time to take a very close look at the need or the justification for any further use of LNG ? • Blended cement - Insee cement is the first blended cement launched in Sri Lanka. The document is the firm’s first GRI-based report post-acquisition by Siam City Cement Public Company (SCCC) of Thailand. A place for Prosumers and Electricity as a National Industry, In addition the innovative program of State Minister Duminda Dissanayake to provide 5 kW rooftop solar systems to 100,000 Samurdhi recipients without burdening the treasury is a major paradigm shift in the electricity sector whereby the smallest level of consumer becomes a generator of electricity for his own consumption with a significant surplus and thus becomes a PROSUMER whereby the Electricity Industry becomes a contributor to the GDP instead of being a mere facility for other sectors to grow. Ruwan Madusanka. © 2020 Pro Global Media Ltd. All rights reserved. This comes in addition to the pension scheme introduced to masons in partnership with the Employee Trust Fund Board (ETFB) of Sri Lanka. Brand Executive at Abans Group Sri Lanka Colombo District. Annual Report 2019: Available as: PDF Publication Date: 28 April 2020. Total cement used in Sri Lanka, between January and December 2011, rose 21.6 percent, to 4.58 million metric tonnes, according to the Central Bank of Sri Lanka. CUSTOMER SERVICE CENTER. This is added to by the fact that due to the COVID-19 crisis, cement consumption is expected to drop to 3.7 million tonnes in 2020. SITEMAP. INSEE Concrete. INSEE Cement Sri Lanka launched its Global Reporting Initiative (GRI) Sustainability Report 2018 earlier this week showcasing the company’s ongoing efforts towards improving its performances, production processes, efficiency, and multiple community projects. My income, ” Dissanayaka stated Engineer with a demonstrated history of working in the building industry... Organizations were also in attendance clinker/cement ratio is reduced by replacing a part of voting... Supporting the government ’ s first GRI-based Report post-acquisition by Siam City Cement Company... 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