Latest Press Releases

Tokyo Cement Group kicks off 2026 leg of ‘Ivuru Rakina Pawuru’ with New Zealand Rugby

Tokyo Cement Group, in collaboration with the Mahaweli Authority, launched the 2026 tree-planting season of the Ivuru Rakina Pawuru project near the Polgolla Dam in Kandy, joined by members of the touring New Zealand Under-85kg rugby team. The event reflected the sustained commitment to restoring and safeguarding the banks of the Mahaweli River, gaining international recognition for its far-reaching value creation.

The event brought together officials representing the Mahaweli Authority, the Central Environment Authority, ranking officers of the Sri Lanka Rugby Federation, students from Kandy Model School in Polgolla, and residents of the surrounding community, with members of the New Zealand Under-85kg rugby team, to plant 100 Kumbuk saplings along the riverbank, highlighting a shared dedication to environmental stewardship.

Tokyo Cement Group’s Ivuru Rakina Pawuru programme partners the Ministry of Environment and Mahaweli Authority since 2017, in their concerted efforts to reforest the Mahaweli riverbanks with native species such as Kumbuk and Mee, supporting the sustainable management of vital water catchment areas.

Tokyo Cement Group sponsors the Ivuru Rakina Pawuru endeavour as part of its forest tree planting programme. The company drives the project by supplying native forest trees with medicinal value such as, Kumbuk, Karanda, Mee, and Ingini, propagated at the two Tokyo Cement Forest Tree Nurseries situated in Trincomalee and Mahiyangana. These plant varieties help restore natural biodiversity, whilst preventing soil erosion in the riverbanks. They are distributed among various community and state organizations, who use them in reforestation campaigns across the island including the Mahaweli zones.

The initiative forms part of the company’s wider sustainability agenda, through which it successfully integrates social welfare and environmental conservation into its corporate DNA. As part of their continuous mission to enrich the country, its people, and the environment that is exemplified through far-reaching initiatives like these, the Tokyo Cement Group reinforces its position as the leading partner in nation-building.–

Tokyo Cement posts strong FY2025/26 Q4 performance amidst intense cost pressures

Q4 Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 17,623 million for the 4th Quarter ending 31st March 2026, compared to Rs. 12,960 million recorded in the corresponding quarter of the previous year, reflecting a 36% growth in turnover. The Group reported a Profit After Tax (PAT) of Rs. 577 million …

Q4 Financial Review
Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 17,623 million for the 4th Quarter ending 31st March 2026, compared to Rs. 12,960 million recorded in the corresponding quarter of the previous year, reflecting a 36% growth in turnover.
The Group reported a Profit After Tax (PAT) of Rs. 577 million for the quarter, compared to Rs. 664 million recorded in the same period last year. Profitability during the quarter was impacted by depreciating currency and rising material costs, as a result of the geopolitical disruptions affecting global trade flows.

FY 2025/26 Financial Review
For the Financial Year ending 31st March 2026, the Group reported a turnover of Rs. 61,011 million, compared to Rs. 50,096 million recorded in the previous year, representing a 22% growth in turnover. During the Financial Year, the Group recorded a 28% growth in cement sales volumes, significantly outperforming the overall industry growth of 19%, further strengthening its position as the market leader.
The Group reported a PAT of Rs. 2,580 million for the year, compared to Rs. 3,459 million recorded in the previous Financial Year. Profitability was impacted by the Group absorbing a substantial portion of cost escalations in order to minimise price volatility for end consumers and safeguard market share in an intensely competitive environment. Furthermore, capitalization of the capacity expansion projects and the acquisition of a vessel for coastal shipments increased Depreciation and Financial Expenses.

The Economic Environment
The resumption of previously stalled government-funded infrastructure and private-sector construction projects drove an increase in demand for cement and concrete through the Financial Year. This demand momentum was further compounded upon by the cyclical increase in construction activities during the January-March period and the post-Ditwah rebuilding efforts. Consequently, national cement consumption recorded a year-on-year increase of 19% to 5.62 Mn MT during the Financial Year.
Whilst the encouraging financing environment and stable material prices continued to support sector growth, persistent challenges in sourcing skilled and unskilled labour remained one of the most critical constraints faced by the industry.
Macroeconomic conditions over the course of the Financial Year remained relatively resilient, supported by strong fiscal performance, rising remittance and foreign exchange inflows, subdued inflation, and robust private sector-led growth. However, escalating geopolitical tensions disrupted raw material imports and increased costs in the last quarter, leading to price increases across sectors. As a result of the economic shock, the Sri Lanka Purchasing Managers’ Index (PMI – Construction) recorded the highest (January – 75) and lowest (March – 57) indices since April 2025.
The Rupee which appreciated against the USD by 1.6% and 1.9% in Q1 and Q2 respectively, started to depreciate by 1.1% in Q3 and 6.0% in Q4 of FY2025/26. The risk of eroding fiscal buffers continued on to the Q1 of FY2026/27, where the Rupee depreciated a further 1.7% against the USD. During the quarter, fuel prices were raised by 38%, driving up operations and distribution costs across industries. Deployment of the new vessel for coastal shipping helped improve distribution efficiency from Trincomalee to the rest of the country, while also reducing exposure to fuel shortages and transport delays.

Outlook
External shocks continue to pose a significant risk to macroeconomic stability, with constrained export prospects, potential disruptions to foreign remittance inflows, and the resulting weaker purchasing power moderating economic activity. Elevated energy prices, currency depreciation, and disruptions to trade flows, tourism, freight movement, and foreign exchange markets will continue to weigh negatively on economic activity and investor sentiment.
The local value-adding manufacturing sector commenced the Financial Year 2026/27 against a backdrop of rising fuel, energy, raw material, and freight costs, resulting in significant margin pressures in the short-term. In response, companies will be compelled to adopt prudent pricing adjustments to sustain profitability while safeguarding market share within a highly competitive and price-sensitive environment. Accordingly, earnings are expected to remain subdued in the short- to medium-term as businesses may prioritise volume growth.
The Group anticipates weaker demand during the first Quarter of the new Financial Year due to adverse weather conditions, cautious investor sentiment, and broad-based increases in material prices deployed by both local manufacturers and importers. Whilst economic uncertainty may impede the commencement of new investments, ongoing projects are expected to proceed with relatively limited disruption.
Nevertheless, the recent appointment of local contractors for the Rambukkana-Galagedara section of Phase II of the Central Expressway is expected to contribute positively to sector growth, whilst the timely commencement of other large-scale infrastructure projects proposed under the 2026 Budget is anticipated to further reinforce construction demand in the months ahead. In addition, the acceleration of post-cyclone reconstruction of housing, transport infrastructure, schools, and other critical public assets is expected to sustain construction sector activity during the remainder of the calendar year.
Tokyo Cement maintains a cautiously optimistic medium-term outlook and remains confident in the country’s economic fundamentals. The Group’s investments in capacity enhancements positions it to capture the anticipated growth in demand arising from renewed development activity. Continuing its disciplined cost management approach, Tokyo Cement Group remains committed to safeguarding stakeholder value and playing an active role in supporting the nation’s economic resurgence. —

Tokyo Cement Crowns Top Performers at 2026 Dealer Convention

Tokyo Cement Company (Lanka) PLC recognised their Top Dealers for outstanding performance at the Annual Dealer Convention held at the Shangri-La Colombo. City Hardware & Stores-Jaffna walked away with the Best Dealer 2026 Grand Award, while Shanmugam Stores-Kilinochchi and National Trading Stores–Kurunegala, won 1st and 2nd Runner-Up awards, respectively, in the top category, among a total of 135 top performers who received prizes at the award ceremony.

Tokyo Cement Group Chairman, Dr. Harsha Cabral PC. and Managing Director, Mr. S.R. Gnanam graced the occasion, joined by members of the Group’s Management Committee and representatives from the Sales and Marketing teams. The event brought together all members of the Tokyo Cement distribution channel making it a memorable get together. The gala event culminated in the evening with a star-studded entertainment line-up, befitting the outstanding achievements of the Tokyo Cement dealer network.

Addressing the gathering, Chairman of the Tokyo Cement Company (Lanka) PLC, Dr. Harsha Cabral PC, commended the strength of the relationship between the company and its channel partners, built on trust and mutual respect, which enables the company to go forth and overcome the challenges with unwavering confidence.

Mr. S.R. Gnanam, Managing Director of the Tokyo Cement Company (Lanka) PLC, offered his felicitations to all dealers island-wide for their steadfast support, which has enabled Tokyo Cement to sustain its industry leadership regardless of the recent business disruptions. He reaffirmed Tokyo Cement’s solid commitment to stand by its retail partners and help them succeed. Acknowledging the long-standing partnerships between Tokyo Cement and its dealers, he described the company as a deep-rooted and thriving ecosystem, working together to drive shared growth.

Best Dealer 2026 – City Hardware & Stores, Jaffna, accepts the award from Tokyo Cement Group Chairman, Dr. Harsha Cabral PC. and Managing Director, Mr. S.R. Gnanam

1st Runner Up, Tokyo Cement Dealer Convention 2026 – Shanmugam Stores, Kilinochchi

2nd Runner Up, Tokyo Cement Dealer Convention 2026 – National Trading Stores, Kurunegala

The Annual Dealer Convention is where the cement giant celebrates the achievements of its valued distribution network. As a truly homegrown enterprise, Tokyo Cement Group has pledged to enrich the national economy through local value creation, an endeavour in which its dealers play an indispensable role.

Together, the Group has built a prestigious portfolio of trusted household brands, including the popular cement brands NIPPON CEMENT, TOKYO SUPER, NIPPON CEMENT PRO and ATLAS CEMENT. Its flagship product, TOKYO SUPER Cement, recently earned the coveted SUPERBRANDS status, becoming the only cement brand to receive this distinction, in recognition of its outstanding commitment to quality, innovation, and performance excellence. Beyond cement, the company is the driving force behind TOKYO SUPERMIX Ready-Mixed Concrete network, and an innovative range of dry mortar products, including TOKYO SUPERBOND, TOKYO SUPERSEAL and TOKYO SUPERCAST among others, each a market leader in its respective category.

By delivering superior products for iconic projects that define Sri Lanka’s growth, the company has firmly cemented its legacy as the leading partner in nation-building. It remains committed to continuously raising the bar on quality while strengthening its position as a true industry trailblazer. —

Photo: Top Category Winners of the Tokyo Cement Dealer Convention 2026 with the Chairman – Dr. Harsha Cabral PC, Managing Director – Mr. S.R. Gnanam, and General Manager Group Marketing – Mr. Dashantha Udawatta

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TOKYO SUPER, the only cement brand to earn SUPERBRANDS Status

TOKYO SUPER Cement, flagship brand of the Tokyo Cement Group, has been awarded the coveted SUPERBRANDS status for 2025 in recognition of its outstanding commitment to quality, innovation, and performance excellence. The title was conferred to TOKYO SUPER at the gala awards ceremony held recently to celebrate the impressive brand stories of the strongest and …

TOKYO SUPER Cement, flagship brand of the Tokyo Cement Group, has been awarded the coveted SUPERBRANDS status for 2025 in recognition of its outstanding commitment to quality, innovation, and performance excellence. The title was conferred to TOKYO SUPER at the gala awards ceremony held recently to celebrate the impressive brand stories of the strongest and most valuable brands in the market.

Manufactured to meet the highest quality and performance standards, TOKYO SUPER has established itself as a game changer in the construction industry. Reaching consumers as TOKYO SUPER OPC, the county’s most popular cement brand, and TOKYO SUPER BHC, the greenest cement in the market, TOKYO SUPER is the only Cement brand among the elite set of SUPERBRANDS 2025. Furthermore, TOKYO SUPER lends its trusted reputation to a comprehensive portfolio of innovative dry-mortar products. Spanning across waterproofers, wall plasters, mortars, and market-leading tile adhesives, TOKYO SUPER presents a comprehensive range of advanced construction solutions.

Ranked among the country’s most respected brands, TOKYO SUPER is marketed by the Tokyo Cement Group, a company intricately linked with the nation’s progress. The SUPERBRANDS recognition is the latest addition to a long list of prestigious accolades earned by the Group over 44 years of reshaping the country’s construction landscape. Whilst being Sri Lanka’s only public-listed cement manufacturer, Tokyo Cement Group is the market leader in cement, ready-mix concrete, and cement-based dry mortar products. Having supplied high-quality cement and concrete for iconic constructions and landmark infrastructure projects Tokyo Cement Group has cemented its market leadership as the trusted partner in Nation-building.

SUPERBRANDS Sri Lanka is the local representative of London-based Superbrands Worldwide, the world’s largest independent arbiter of branding operating across 90 countries. Superbrands are chosen by an independent council of experts and luminaries from the fields of branding, advertising, marketing, design, product management, public relations, and business management. Brands that achieve the highest rating are granted Superbrands status each year and invited to join the programme, strengthening a brand’s position with prestige and setting it apart from the competition.

Photo: (standing from L to R)

Frank Gabriel – General Manager (Marketing), LMD, Shariful Islam – Chairman, Superbrands Sri Lanka, D.S.(Billy) Walpola – Director Marketing, Tokyo Cement Group, Nipuna Perera – Marketing Manager Corporate and Value-Added Products, Tokyo Cement Group, Brian Emmanuel – Managing Director, LMD.

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Tokyo Cement’s FY25/26 Q3 Financial Results Position Group for Industry Upswing

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 14,523 million compared to Rs. 11,639 million over the same period of the previous year, and a profit after tax of Rs. 332 million compared to Rs. 1,006 million over the same period of the previous year, for the 3rd Quarter ending …

Quarterly Financial Review

Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 14,523 million compared to Rs. 11,639 million over the same period of the previous year, and a profit after tax of Rs. 332 million compared to Rs. 1,006 million over the same period of the previous year, for the 3rd Quarter ending 31st December, 2025.

This 25% growth in turnover stems from significant volume growth which outpaced the industry and validated the positive outlook forecasted for the year.

The decline in profitability can be attributed to multiple factors, that included a reduction in selling price, increases in raw material costs, compounded by currency depreciation, the impact of the capitalisation (depreciation and interest) of expansion projects in Trincomalee, and the acquisition of a vessel to facilitate coastal shipments. These strategic investments will enhance operational efficiency and support long-term profitability as they are utilised.

The Economic Environment

Construction activity demonstrated a strong momentum during the quarter as reflected in the Sri Lanka Purchasing Managers’ Index (PMI – Construction), which peaked in September and remained elevated through October 2025. The stable pricing environment facilitated the consistent increase in construction activity, resulting in continued volume growth. Hospitality, housing, large- and medium-scale condominium projects were the key demand drivers, whilst regional infrastructure development projects allowed the expansion of industry activity.

However, this positive trajectory was disrupted by Cyclone Ditwah, which caused widespread flooding and landslides resulting in significant loss of life and assets. The direct physical damage to buildings, agriculture, and critical infrastructure caused by the cyclone was estimated at USD 4.1 billion, according to the Global Rapid Post-Disaster Damage Estimation (GRADE) report published by the World Bank.

The industry slowdown, in the immediate aftermath of the cyclone in the last week of November, continued through December due to cyclone-related disruptions and the holidays. The Government, supported by local and international partners, initiated a comprehensive reconstruction and compensation programme expected to be rolled out in the upcoming months. This includes a Rapid Financing Instrument (RFI) facility from the International Monetary Fund (IMF) and the World Bank as emergency funding towards the post-Ditwah recovery efforts.

Despite the Rupee depreciating by around 6% against the Dollar, fiscal performance remained resilient, aided by improved revenue collection and strong inflows from tourism and workers’ remittances. Export earnings reached USD 12.99 billion from January to September 2025, representing a 7% year-on-year growth, while remittances increased by 20.7% year-on-year to USD 7.19 billion for the period January to November. The twin surpluses recorded in the primary fiscal balance and the external current account continued a steady path, demonstrating continued macroeconomic stability despite the impact of Cyclone Ditwah.

Outlook

Several multilateral lending agencies and local investment analysts have highlighted the robust performance of key fiscal indicators, supported by the strong performance of the twin surpluses. The persistence of low interest rates, a stable currency, and subdued inflation over the medium- to long-term is expected to provide a supportive backdrop for sustained economic growth.

Historically, the industry records its strongest performance in the construction cycle in the January to March period (4th Quarter). Current industry statistics project a positive outlook for the next three months, supported by the commencement of several new development projects in the new year, and encouraged further by post-cyclone reconstruction efforts.

The government has allocated LKR 1.38 trillion for capital expenditure through the 2026 Budget, encompassing major infrastructure investments such as highways, road networks, irrigation, energy, and local infrastructure. Key state-sector development projects included therein, such as the World Bank-funded Kandy Multimodal Transport Terminal (KMTT) Development Project and the Japanese-funded Kadawatha-Meerigama section of the Central Expressway, are expected to boost the industry momentum.

Additionally, awarding of the BIA Airport Development Project Phase II contract, funded by the Japan International Cooperation Agency (JICA), is anticipated to drive a significant demand increase within the year. In addition, a significant portion of the LKR 500 billion supplementary allocation for post-cyclone rebuilding is expected to be directed towards the reconstruction of housing, transport networks, schools, and other critical infrastructure, providing an additional stimulus to construction activity and demand for cement and concrete.

Tokyo Cement maintains an optimistic short- to medium-term outlook and remains confident in the country’s economic fundamentals. The Group’s investments in capacity enhancements positions it to capture the anticipated growth in demand arising from renewed development activity. Continuing its disciplined cost management approach, Tokyo Cement Group remains committed to safeguarding stakeholder value and playing an active role in supporting the nation’s economic resurgence. —

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Tokyo Cement Group Honoured for Impactful CSR at SLIM Brand Excellence 2025

Tokyo Cement Group’s longstanding commitment to social progress and sustainability was honoured with a CSR Brand of the Year Merit Award at the SLIM Brand Excellence 2025 Awards ceremony held recently. The accolade recognises the Group’s flagship environmental conservation and community empowerment initiatives, designed to drive national transformation through meaningful, measurable CSR initiatives. The Tokyo …

Tokyo Cement Group’s longstanding commitment to social progress and sustainability was honoured with a CSR Brand of the Year Merit Award at the SLIM Brand Excellence 2025 Awards ceremony held recently. The accolade recognises the Group’s flagship environmental conservation and community empowerment initiatives, designed to drive national transformation through meaningful, measurable CSR initiatives.

The Tokyo Cement led environmental stewardship programmes appraised by the award includes mangrove restoration, forest plant nurseries, coral reef rehabilitation, and marine biodiversity conservation projects, aimed at creating a sustainable and greener future. Through decades of collaborative engagement with expert project partners Tokyo Cement has delivered remarkable milestones in each focus area. This includes planting nearly 100,000 mangrove saplings along the Northern and Eastern coastlines and supplying over 116,000 forest trees nurtured at its own nurseries. The company’s Coral Reef Rehabilitation project, which upcycles ready-mixed concrete waste, has deployed more than 1,000 Reef Balls that act as artificial reef substrates at critical reef restoration sites around the island.

Among Tokyo Cement’s most influential sustainability initiatives is its Renewable Energy Programme that makes its entire local manufacturing process 100% energy independent through an installed capacity of 24MW. With the support of nearly 2,500 farming families across the Mahiyangana, Badulla, Monaragala, Trincomalee, Kilinochchi, and Jaffna districts, who have helped plant more than 10 million Gliricidia trees, the company plays a key role in mobilising the country’s rural economy.

In addition, Tokyo Cement leads several community outreach projects designed to empower individuals and communities to reach their full potential and play a meaningful role in building the nation. A key contributor in this sphere is the A.Y.S. Gnanam Village Heartbeat Empowerment Centers in Dambulla and Trincomalee, that provide free skills development and vocational training opportunities to rural children, youth, and women. Tokyo Cement has also installed water purification systems under its Fountain of Life initiative, providing 38,000 liters of clean drinking water each day to more than 4,400 beneficiaries in the North and North Central provinces, which have been affected by chronic kidney disease.

One of the most imapctful initiatives undertaken by Tokyo Cement is the Nourishing the Future school meal project, which provides a nutritious midday meal to 1,317 students in 11 discerning remote schools in Monaragala, Trincomalee, Kilinochchi and Mullaitivu districts. During the year in evaluation, the programme had provided 212,500 mid-day meals to children whose primary education is at risk due to economic challenges. The initiative has significantly boosted school attendance, with students demonstrating renewed enthusiasm for learning, evidenced in outstanding examination results and increased participation in extracurricular activities since the deployment of the project, underscoring its transformative impact.

The SLIM Brand Excellence CSR Brand of the Year Merit Award affirms the effectiveness and depth of Tokyo Cement Group’s concerted efforts focused on enriching the country, its people, and the environment. It is a testament of the brand loyalty of all Tokyo Cement stakeholders, allowing the company to deliver value across every stratum of society through programmes that nourish future generations, heal ecosystems, and uplift communities. This latest award presented to Sri Lanka’s leading manufacturer of cement, concrete and cement-based value-added products, underscores Tokyo Cement Group’s commitment to integrate social welfare and environmental stewardship into its corporate DNA, advancing its vision of becoming the leading partner in nation-building.

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Tokyo Cement Reports Steady Results for FY25/26 Q2 as Construction Sector Rebounds

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 16,322 million and a Profit After Tax (PAT) of Rs. 1,003 million for the 2nd Quarter ending 30th September 2025, compared to a turnover of Rs. 13,833 million and a PAT of Rs. 1,082 million, in the same period last year. Whilst …

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 16,322 million and a Profit After Tax (PAT) of Rs. 1,003 million for the 2nd Quarter ending 30th September 2025, compared to a turnover of Rs. 13,833 million and a PAT of Rs. 1,082 million, in the same period last year. Whilst volume growth remained stable quarter-on-quarter, profit margins contracted with the capitalisation of the Trincomalee expansion projects. The Economic Environment The quarter started with renewed optimism, highlighting a sustained boom in construction activities. Manufacturers and suppliers of construction materials reported continued volume growth, supported by a stable pricing environment, which further propelled sectoral performance. Reflecting the industry’s steady recovery, September recorded the highest sales volumes in cement sales since the onset of the 2022 economic crisis. Another key enabler of this growth was the notably lesser rainfall experienced in 2025 compared to the previous two years, which allowed construction sites to operate relatively uninterrupted. Lower interest rates and improved macroeconomic stability spurred a significant expansion in private sector credit, driving increased investment activity across both construction and real estate sectors. Developers of large-scale residential and mixed-use projects capitalised on the low-interest environment by introducing attractive financing schemes, stimulating end-user demand. This momentum was further reinforced by government-led infrastructure development projects starting with the Kadawatha-Mirigama section of the Central Expressway and several other regional developments undertaken by local government bodies. Robust fiscal performance was underpinned by improved government revenue collection, whilst the economy was estimated to have grown by 4.8% during the first half of 2025. Notable improvements in inflows from tourism and workers’ remittances helped stabilise the Rupee’s performance against the Dollar, and led to an upgrade in the country’s sovereign rating by all three major rating agencies. Outlook The recently announced credit rating upgrades coupled with a positive fiscal trajectory, signaled that the country is within reach of achieving its short-term fiscal targets. This reaffirms a steady recovery from the economic challenges that plagued the business environment in the past years. The continuation of low interest rates, a stable currency, and subdued inflation over the medium to long term is expected to sustain this growth momentum, despite temporary shocks that may arise due to weather disruptions and energy cost fluctuations that can impact inflation targets. Sustained economic progress, however, depends largely on the Government’s ability to attract Foreign Direct Investment (FDIs) into key sectors and to strengthen partnerships with multilateral lending agencies. A series of new policy-based lending agreements with the World Bank and the ADB are anticipated to channel critical investments into nationwide construction activities. Moreover, the resumption of major foreign-funded infrastructure projects is expected to spur demand for cement and concrete. Tokyo Cement maintains its conservative short- to medium-term outlook but remains confident in the country’s economic fundamentals. The Group is well positioned to capture the anticipated growth in demand arising from renewed development activity with a robust production capacity. Continuing its disciplined cost management approach, Tokyo Cement Group remains committed to safeguarding stakeholder value and playing an active role in supporting the nation’s economic resurgence. —

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Tokyo Cement Group and Foundation of Goodness: A Decade of Nurturing Cricketing Dreams

Photo: Mr. S. R. Gnanam – Managing Director, Tokyo Cement Company (Lanka) PLC. presenting the Cricket Coaching Academy sponsorship for 2025 to Mr. Kushil Gunasekera – Founder/Chief Trustee, Foundation of Goodness. Tokyo Cement Group extended the sponsorship of Cricket Coaching Camps with the Foundation of Goodness (FoG) for the 10th consecutive year. Over the past …

Photo: Mr. S. R. Gnanam – Managing Director, Tokyo Cement Company (Lanka) PLC. presenting the Cricket Coaching Academy sponsorship for 2025 to Mr. Kushil Gunasekera – Founder/Chief Trustee, Foundation of Goodness. Tokyo Cement Group extended the sponsorship of Cricket Coaching Camps with the Foundation of Goodness (FoG) for the 10th consecutive year. Over the past decade this transformative partnership has opened doors for hundreds of aspiring schoolboys and schoolgirls from remote backgrounds to rise through the ranks and make their mark at divisional, national, as well as international cricket. This year’s sponsorship will primarily focus on the Northern coaching camp, with the aim of creating more opportunities for talented young players from the region to chase their cricketing dreams. In its ten-year history this impactful partnership between Tokyo Cement Group and the Foundation of Goodness has produced 23 exceptional young cricketers from rural communities in the North and South who have earned places in Sri Lankan national teams. To date, nearly 4,200 children from the North and 3,780 from eight schools across 35 southern villages have benefited from the coaching camps led by professional trainers. This includes multiple superstars in the Sri Lanka Women’s National Team, such as Kaveesha Dilhari, Sachini Nisansala, Imesha Dulani, Kawya Kavindi, Umasha Thimeeshani, Nilakshana Sandamini, Sathya Sandeepani, Sachini Gimahani, and many others, bringing unprecedented glory to the country, including winning the Women’s T20 Asia Cup 2024. The FOG Cricket Academy was also the powerhouse behind star-class national players in Sri Lanka’s Under-19 Team including Vijayakanth Viyaskanth, Navod Paranavithana, Malsha Tharupathi, Haren Weerasinghe, and S. Mathushan among others, standing proof of the solid foundation laid by the Tokyo Cement-Foundation of Goodness Cricket Coaching Academy. V. Akash of Heartley College and K. Muthulan of St. John’s College, Jaffna, selected for the Sri Lanka U19 tour of West Indies in September 2025 Adding impetus to the initiative this year, the Northern cricket camp proudly celebrated two of its brightest talents, V. Akash from Heartley College and K. Muthulan from St. John’s College in Jaffna, earning selection to the Sri Lanka U19 National Squad for the West Indies tour in September 2025. Furthermore, the Southern coaching camp celebrated the outstanding performance of Rathgama Devapathiraja College’s U17 Team, comprised of regular campers, led by the 2024/25 MCC at Lord’s Scholarship recipient and rising star Arosha Sithumina taking his side to victory with 150 runs in the U17 All-Island Quarterfinals in Colombo, before going on to win the U17 A-Division Championship. This win combined with their U13 team becoming joint champs, the U15 and U19 teams becoming runners-up meant that Rathgama Devepathiraja College made history by reaching four national finals in a single season. Furthermore, the MCC facility in Hikkaduwa also produced champions, with Sri Sumangala College winning 16 consecutive matches outright to claim both the U19 Two-Day and One-Day Division 3 titles, which is a historical school record, earning promotion to Division 2. A session of the Tokyo Cement North Cricket Camp held in Jaffna The Tokyo Cement-Foundation of Goodness Cricket Coaching Academy started in 2014 by setting up two fully equipped top-grade training grounds in Hikkaduwa and Seenigama. The success of the Southern camp inspired Tokyo Cement to expand the programme to the North in 2017, with the goal of identifying 50 promising young players and training them to become star-class Sri Lankan cricketers. The coaching camps held in the North are received with much enthusiasm, attracting many schoolgirl and schoolboy cricketers from all age groups from Jaffna, Killinochchi, Oddusudan, Mankulam, Mullaitivu, and Vavuniya, who have achieved remarkable results, from national titles to international recognition. More from a Tokyo Cement North Cricket Camp held in Jaffna Guided by renowned coaches headed by Hemantha Devapriya and Susantha Karunarathna, under the leadership of FoG’s Director of Sports, Mr. Anura De Silva, the academy nurtures young talent at grassroot level by giving them access to expert training and facilities. In addition, district and school-level coaches support promising young cricketers to hone their skills and induct them into an elite pool of players who receive specialized training. Tokyo Cement South Cricket Camps are held at Seenigama Surrey Oval This 10-year milestone of the Tokyo Cement–Foundation of Goodness partnership stands as a testament to creating equal opportunities and nurturing the confidence of a new generation of talented rural cricketers, capable of carrying Sri Lanka’s pride onto the international cricket arena.

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HE the Ambassador of Japan Visits Tokyo Cement Factory in Trincomalee

His Excellency Akio Isomata, Ambassador of Japan to Sri Lanka, paid an official visit to the Tokyo Cement Factory in Trincomalee, underscoring the long-standing friendship and economic cooperation between Japan and Sri Lanka. The Ambassador was accompanied by Ms. Yukako Mizunuma, Finance Attaché, and Ms. Sachi Tanaka, Second Secretary of the Embassy of Japan. The …

His Excellency Akio Isomata, Ambassador of Japan to Sri Lanka, paid an official visit to the Tokyo Cement Factory in Trincomalee, underscoring the long-standing friendship and economic cooperation between Japan and Sri Lanka. The Ambassador was accompanied by Ms. Yukako Mizunuma, Finance Attaché, and Ms. Sachi Tanaka, Second Secretary of the Embassy of Japan. The visit highlighted Tokyo Cement’s latest expansion project, which recently added one million metric tons to the company’s manufacturing capacity, a milestone in strengthening Sri Lanka’s economic expansion and industrial development. HE the Japanese Ambassador and delegation at the Tokyo Cement Jetty Welcomed at the Tokyo Cement Center for Excellence by Mr. S.R. Gnanam, Managing Director of Tokyo Cement Company (Lanka) PLC, and Mr. Michio Matsuoka, Non-Executive Director representing Mitsubishi UBE Cement Corporation, Tokyo Cement’s technology partner, the Japanese delegation toured the Eastern Cement Factory. The program included visits to the newly inaugurated cement mill, the Tokyo Cement Jetty at the Port of Trincomalee, and the A.Y.S. Gnanam Village Heartbeat Empowerment Centre, reflecting the company’s commitment to socio-economic development. HE the Japanese Ambassdor observing the Tokyo Cement Biomass Power Plant For more than four decades, Tokyo Cement has stood as a symbol of the enduring partnership between Japan and Sri Lanka, representing not only industrial growth but also a shared vision for sustainable development. Ambassador Isomata, having observed the facilities of the factory, remarked that he was particularly impressed by the cement company’s achievement of not only strong performance but also 100% biomass-powered electricity generation, as well as highly impactful CSR activities focused on education and capacity-building of people of local communities, including women and children. HE the Japanese Ambassdor at the Tokyo Cement product testing laboratory The Japanese delegation observing a vocational training session held at the A.Y.S. Gnanam Village Heartbeat Empowerment Center Being the country’s largest manufacturer of high-quality cement, concrete, and cement-based innovative products, Tokyo Cement has earned its reputation as the most trusted supplier in the construction industry. The Company is dedicated to enriching the national economy through local value creation, while strengthening Sri Lanka’s industrial progress. With an unwavering commitment to quality, innovation, and sustainability, the company has become an integral part of the country’s growth journey to become the leading partner in Nation-building. — Photo: His Excellency Akio Isomata, Ambassador of Japan to Sri Lanka and his delegation visiting the operations command center at the Tokyo Easter Cement Factory

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Tokyo Cement Powers Civil Engineering Innovation at University of Peradeniya ‘Industry-Uni Collaboration Day 2025’

The Department of Civil Engineering of University of Peradeniya in partnership with the Tokyo Cement Group, concluded its flagship event ‘Industry–University Collaboration Day 2025’ with remarkable success, fostering dynamic engagement between academia and industry stakeholders. Prof. Kushan Wijesundara, Head of the Department of Civil Engineering, University of Peradeniya Held at the Centre of Excellence for …

The Department of Civil Engineering of University of Peradeniya in partnership with the Tokyo Cement Group, concluded its flagship event ‘Industry–University Collaboration Day 2025’ with remarkable success, fostering dynamic engagement between academia and industry stakeholders. Prof. Kushan Wijesundara, Head of the Department of Civil Engineering, University of Peradeniya Held at the Centre of Excellence for Water and Sanitation (CEWAS) Auditorium in Ratmalana, the event was graced by the Honourable Prime Minister and Minister of Education, Higher Education, and Vocational Education, Dr. Harini Amarasuriya as the Chief Guest. Other distinguished guests included Prof. Terrance Madhujith, Vice Chancellor, Prof. Lilantha Samaranayake, Dean of the Faculty of Engineering, and Prof. Kushan Wijesundara, Head of the Department of Civil Engineering of the University of Peradeniya, senior faculty members, renowned industry professionals, and both past and present postgraduate and undergraduate students. Hon. Prime Minister Dr. Harini Amarasuriya, in her keynote address, emphasized the importance of curriculum reform to promote STEM education aligned with global standards, the role of university research in advancing industry to meet contemporary development needs, and the importance of establishing equal educational opportunities to transform the nation’s future. The Prime Minister also commended the University’s efforts to produce industry-ready graduates through collaborative work, that nurture practical thinkers equipped with real-world problem-solving skills. Postgraduate and undergraduate students from the University of Peradeniya’s Department of Civil Engineering presenting their innovative solutions at the event This annual event of the Department of Civil Engineering of the University of Peradeniya showcases research output by undergraduate and postgraduate students with the potential to transform the civil engineering sector. It is a platform to share ideas addressing current engineering challenges through novel thinking and innovation. It brings together stakeholders from the government, state authorities, research institutes, public and private firms, academia, and engineering students, to facilitate stronger industry-academia collaboration. Prof. Terrence Madhujith, Vice Chancellor, University of Peradeniya Prof. Lilantha Samaranayake, Dean of the Faculty of Engineering, University of Peradeniya Spanning the full spectrum of civil engineering: Structural, Geotechnical, Transportation, Water Resources, and Environmental Engineering, the event featured poster exhibitions, oral presentations, and case studies from successful academia-industry partnerships. A standout feature of the program was the Shotgun Presentations, where students delivered concise, two-minute pitches of their research projects. The rapid-fire presentations emphasized practical engineering solutions, offering students the opportunity to highlight the department’s cutting-edge research capabilities aligned with real-world needs. Furthermore, faculty members of the Department of Civil Engineering presented potential collaboration opportunities for deeper industry engagement, paving the way for meaningful dialogue among students, academics, industry professionals, and policymakers. Building on its longstanding partnership with the Department of Civil Engineering, Tokyo Cement Group, as the sole sponsor of ‘Industry-University Collaboration Day 2025,’ exemplified the crucial role of industry leaders in nurturing future engineers and advancing applied research. The event allowed Tokyo Cement’s state-of-the-art R&D hub, the Construction Research Centre (CRC) to showcase innovations in cement and concrete technology, demonstrating its leadership in advanced, sustainable construction solutions. The presentation emphasized CRC’s capabilities in re-engineering products, its role in quality assurance, and specialized concrete testing services with a comprehensive Non-Destructive Testing (NDT) laboratory. The event enhanced the far-reaching affiliation between the University of Peradeniya, the pre-eminent academic institution in the country and the Tokyo Cement Group, Sri Lanka’s largest manufacturer of cement, concrete, and cement-based value-added products, reiterating the Group’s commitment to promote world-class knowledge sharing to inspire and uplift the local construction industry.

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Tokyo Cement off to an Optimistic Start to FY25/26 with Q1 Earnings

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 12,544 million and a Profit After Tax (PAT) of Rs. 668 million for the 1st Quarter ended 30th June 2025, compared to a turnover of Rs. 11,665 million and a PAT of Rs. 707 million, in the same period last year. The …

Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 12,544 million and a Profit After Tax (PAT) of Rs. 668 million for the 1st Quarter ended 30th June 2025, compared to a turnover of Rs. 11,665 million and a PAT of Rs. 707 million, in the same period last year. The growth in turnover was driven by a year-on-year volume growth and sustained industry momentum from the previous Financial Year, supported by the commencement of new construction projects. The Economic Environment The period under review commenced with trade-related uncertainty, as potential high tariffs on Sri Lankan exports threatened to erode foreign exchange reserves. Geopolitical tensions in the Middle East causing global fuel price volatility risks coupled with a marginal depreciation of the rupee, prompted an upward revision in local fuel and energy tariffs. However, a steady increase in foreign remittances compared to the previous year helped buffer the domestic economy from external shocks. The International Monetary Fund (IMF) announced the successful completion of the fourth review of Sri Lanka’s Extended Fund Facility, unlocking immediate access to an additional USD 350 million in financial assistance. This milestone also paves the way for supplementary funding from the World Bank and Asian Development Bank. Lower interest rates and improving macroeconomic stability continued to stimulate investment in real estate development and construction. Demand for credit facilities in both residential and commercial segments grew, supported by enhanced access to financing and lowered material costs. A seasonal decline in cement consumption was observed in April due to the Sinhala and Tamil New Year, and again in May–June due to the South-West monsoons. However, delays in implementing public investment in key infrastructure projects continue to hinder the sector’s full recovery and anticipated growth. Outlook Industry optimism is expected to continue in the coming quarters, supported by subdued inflation and improved access to private sector credit. Sustained growth in foreign exchange inflows from tourism and remittances is expected to further stabilise the macroeconomic environment. However, sustaining the growth momentum depends largely on the Government’s ability to fast-track major capital investment projects, by securing foreign direct investment (FDIs) or financing from multilateral lending agencies. Timely initiation of key infrastructure initiatives such as the BIA Phase II, and the resumption of the Kadawatha-Mirigama section of the Central Expressway, alongside other foreign-funded developments, is expected to drive the demand for cement and concrete. Whilst stronger investor confidence is expected to support private sector investment, consumer demand could remain skeptical due to ongoing trade uncertainties. In response, both the World Bank and IMF have issued positive growth forecasts whilst alerting against potential policy slippages and slowdown of reform efforts. External variables led by resolution of recently imposed reciprocal tariffs and prudent management of vehicle imports will be critical in preserving macroeconomic stability and the hard-earned fiscal progress achieved to date. Tokyo Cement maintains a conservative short- to medium-term outlook but remains confident in the country’s economic fundamentals. The Group is prepared to capitalise on industry growth opportunities with its enhanced production capacity of 4 Mn MT, that is yet to be fully utilised. The Group continues to maintain strict cost control measures to safeguard its stakeholder interests and stands ready to be an active participant in the country’s efforts to reignite the economy. —

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Tokyo Cement Boosts Capacity with High-Tech 1-Million Ton Plant in Trincomalee

Photo: Hon. Sunil Handunnetti, Minister of Industry and Entrepreneurship Development, Mr. Masaharu Sansui, Managing Executive Officer of Ube Industries Limited, Japan, and Mr. Naoaki Kamoshida, Chargé d’affaires ad Interim of the Embassy of Japan ceremoniously opened the new cement grinding plant of Tokyo Cement Group Minister of Industry and Entrepreneurship Development, Hon. Sunil Handunnetti, recently …

Photo: Hon. Sunil Handunnetti, Minister of Industry and Entrepreneurship Development, Mr. Masaharu Sansui, Managing Executive Officer of Ube Industries Limited, Japan, and Mr. Naoaki Kamoshida, Chargé d’affaires ad Interim of the Embassy of Japan ceremoniously opened the new cement grinding plant of Tokyo Cement Group

Minister of Industry and Entrepreneurship Development, Hon. Sunil Handunnetti, recently inaugurated Tokyo Cement Group’s cutting-edge cement manufacturing plant in Trincomalee. The fully-automated, high-tech cement grinding facility adds 1 million Metric Tons to Tokyo Cement’s total production capacity, increasing it to 4 million Metric Tons per annum, the largest in the country.

The event was also graced by the presence of Mr. Naoaki Kamoshida, Chargé d’affaires ad Interim of Japan, Mr. Takafumi Nakanishi, Finance Attache and First Secretary Embassy of Japan, Hon. Prof. Jayantha Lal Ratnasekera, Governor of the Eastern Province, and Hon. Roshan Akmeemana, MP of the Trincomalee District, along with other dignitaries from the Ministry and government officials. At the invitation of Dr. Harsha Cabral PC, Chairman, and Mr. S.R. Gnanam, Managing Director of the Tokyo Cement Group, Mr. Masaharu Sansui, Managing Executive Officer of Mitsubishi Ube Cement Corporation, Tokyo Cement’s technical partner, attended the inauguration ceremony, along with distinguished members of the Board of Directors, as well as the management and staff of the Tokyo Cement Group.

Hon. Sunil Handunnetti, Minister of Industry and Entrepreneurship Development, and Mr. Naoaki Kamoshida, Chargé d’affaires ad Interim of the Embassy of Japan unveiling Tokyo Cement Group’s new cement grinding mill in Trincomalee

The Hon. Minister of Industry and Entrepreneurship Development Sunil Handunnetti, addressing the event, remarked: “It is deeply humbling to witness the significant impact Tokyo Cement has made, not only on the nation’s overall growth but also on the development of the Eastern Province. The immense potential of this region as an extraordinary business hub was recognized decades ago by the late Deshamanya A.Y.S. Gnanam, a vision I share and have consistently advocated. What we see today is a powerful testament of that belief and the progress that can be achieved through robust public-private partnerships and a shared commitment to nation-building. As a government, we reaffirm our support for local investments such as this by fostering a conducive and investor-friendly environment for industrial development.”

Mr. Naoaki Kamoshida, Chargé d’affaires ad Interim of the Embassy of Japan, whilst commending the long-standing partnership that has thrived for over four decades, stated, “We would like to express admiration for Tokyo Cement’s successful mill-expansion, only a few years after the country-wide economic crisis. (…) Tokyo Cement Company’s expansion is not only timely but also visionary. The company’s strategic foresight will surely contribute to national progress and give this region and the country a hope for the future. (…) It is a clear example of how Japanese and Sri Lankan businesses can collaborate to foster sustainable development and mutual prosperity. This partnership is a testament to the strong and enduring economic ties between our two countries.”

Chairman of the Tokyo Cement Group Dr. Harsha Cabral PC, addressing the gathering stated, “This manufacturing capacity expansion to 4 million MT, powered by state-of-the-art European technology, reaffirms Tokyo Cement Group’s commitment to innovation and environmentally efficient production. Most importantly, the entire project was executed by our in-house engineering teams, a powerful testament to Sri Lankan potential and our inherent confidence in creating value from within. Our strategic priorities throughout these forty plus years have consistently focused on expanding our local value chain by reinvesting back in the future of our own country. With this milestone Tokyo Cement is ready to meet the rising demand of the construction industry whilst saving millions of dollars otherwise spent on imports.”

Tokyo Cement Group is Sri Lanka’s largest manufacturer of high-quality cement, concrete, and cement-based innovative products. As a truly homegrown blue-chip company, Tokyo Cement has become an integral part of the country’s growth journey, earning its reputation as the most trusted supplier in the construction industry. From iconic city landmarks to vital infrastructure such as bridges, railroads, and elevated highways, Tokyo Cement’s products have helped shape projects that stand the test of time. With an unwavering commitment to quality, innovation, and sustainability, the company continues to lead the transformation of the local construction landscape. As a key partner in nation-building, Tokyo Cement is dedicated to enriching the national economy through local value creation, while strengthening its market leadership as a trailblazer in Sri Lanka’s industrial progress.

Vignettes from the opening ceremony of 1-Million MT cement grinding plant of Tokyo Cement Group at China Bay, Trincomalee

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