Tokyo Cement adds fifth vessel to transportation fleet
View(s):Tokyo Cement last week announced the addition of a fifth vessel, ‘MV Mohar’ to its fleet of cement transport ships.
The 22 thousand metric tonne, pneumatic bulk cement carrier was inaugurated by Arjuna Ranatunga, former Minister of Ports, Shipping and Aviation and Upul Jayasuriya, Chairman, Board of Investments, Sri Lanka.
The new vessel
Dr. Harsha Cabral, Chairman, Tokyo Cement Group in his speech, paid tribute to the visionary Founder Chairman, late A. Y. S. Gnanam, saying he was one of the greatest industrialists in Sri Lanka for his foresight and contribution to the development to the nation.
S.R Gnanam, Managing Director, Tokyo Cement Group, speaking at the launch event, said, “Logistics is an integral part of our business, and the increase in local demand has required us to enhance our capacities not just in transportation, but manufacturing and energy generation”.
With an increase in production capacity of one million tonnes in Trincomalee, the new vessel will play the vital role of transporting cement to the Colombo port, in order to distribute more efficiently to the masses. Explaining further, Mr. Gnanam said, “The cement industry is often times described as a barometer of a country’s march to economic development and prosperity. What we are currently seeing is a surge in demand for products and services which is a good indicator of market confidence”.