The intertwining of local economic crisis and global rise in raw material costs has led to paralysis in the industry. Trade bodies worried about competition from Bangladesh, Nepal, India and Malaysia, where foreign investors find lower costs per square meter to build. The government has agreed to raise capped prices for contracts on new roads by 20 percent, but has 200 billion rupees in back payments.
Tokyo Cement Group won the Gold Medal for exceptional environmental conscious business practices in the Chemical Industries Category, at the Presidential Environmental Awards 2021-22 organized by the Central Environmental Authority (CEA). The prestigious Gold Award was presented by His Excellency the President Hon. Ranil Wickramasinghe to Mr. Christopher Fernando, Consultant Director of Tokyo Cement Group.
Having grown into a household name, INSEE Sanstha Cement, has once again been ranked amongst Sri Lanka’s 100 Most Loved Brands by LMD’s Brands Annual ranking – one of the most comprehensive and popular annual analyses of brands in the country, compiled by Brands Finance (UK). The 100 Most Loved Brands ranking is the result.
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