April 25, 2024
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4min

The Board of Investment (BOI) of Sri Lanka recently commemorated its 45th Anniversary with an inaugural awards ceremony on 02 April, recognizing companies with exemplary contributions to the nation’s economic landscape. Among the distinguished recipients, Omega Line Limited was honored as “Most Outstanding Exporter – Merchandise.”

 



 

Mr. Felix A. Fernando, CEO/Managing Director of Omega Line, and Ms. Paola Fava, Director – Quality Assurance & General Manager of Omega Line – Vavuniya Apparels, graciously accepted the prestigious award from President Ranil Wickremesinghe. The recognition by BOI underscores Omega Line’s significance as one of the leading apparel exporters in the country.

BOI’s selection criteria were based on recognizing companies that have made tremendous contribution towards Sri Lanka’s economic transition over the past forty-five years, especially on foreign direct investment (FDI) projects that have positively impacted the local economy.

Omega Line’s commendation reflects its noteworthy achievements in fostering economic growth and employment generation, aligning with BOI’s mandate to facilitate FDI and promote sustainable development.

Specializing in corsetry and beachwear, Omega Line boasts an impressive annual production and export volume exceeding 100 million garments, with an export turnover of over USD 370 million last year while sustaining a workforce of over 4,500 individuals, with a significant majority being women. The company’s commitment to advancing domestic fabric manufacturing capacities through local collaborations underscores its dedication to building a resilient and adaptable supply chain.

Its achievements are emblematic of the group’s larger impact on Sri Lanka’s economy. Employing over 15,500 individuals and exporting nearly 200 million garments last year, the Omega Group’s collective efforts have positioned Sri Lanka as a global hub for apparel manufacturing and export. Despite prevailing economic challenges, Omega Group’s turnover exceeded USD 600 million last year, with investments totaling over USD 350 million across its four legal entities in the country.

Apart from being chosen for the exclusive list of “The 15 Best Workplaces in the Manufacturing and Production Industry in Sri Lanka,” by Great Place to Work, 2024 was a significant year for the company. Omega Line was also won the award for its economic contribution to Sri Lanka at the Best Corporate Citizen Sustainability Awards held early this year.

The award categories included significant FDI contributors and longstanding BOI enterprises and exporters. The 45th anniversary of BOI Sri Lanka was inaugurated by President Ranil Wickremesinghe, while Hon State Minister of Investment Promotion Dilum Amunugama and BOI Chairman Dinesh Weerakkody were also present at the event. President Wickremesinghe went onto commended the pivotal role played by companies under the BOI’s purview in driving Sri Lanka’s economic growth.

 



 


December 12, 2023
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3min

 



 

 

RIOCOCO Lanka (Pvt) Limited, the globally known coconut-based growing media manufacturer based in Sri Lanka was recently honored with the National Chamber of Exporters (NCE) Challenge Trophy- the Best Ethical Trading Exporter in the Extra-Large Category at the Annual Export Awards-2023 organized by NCE of Sri Lanka. The achievement marked another indelible mark of RIOCOCO’s 20 years of history. The award ceremony was held for the 31st time and it was on 08th of December 2023 at Shangri-La Hotel in Colombo. A company can achieve this award only once a year by the NCE in recognition of their contribution to the environment, social responsibility, and economy, and in line with eight principles reflected in the Certificate of Ethical Trading issued by the NCE. RIOCOCO also received a Bronze Award in the Extra-Large Category, representing the Coconut and Coconut Products Sector at the same award ceremony. Being recognized at the NCE Export Awards will offer a range of benefits to RIOCOCO in their future affairs targeting both local and international markets.

“This achievement affirmed that we are the top brand not only in the world, but also in Sri Lanka. We express our heartfelt gratitude to all those who have strengthened us in our journey and lifted us up in all sectors. We have previously received many awards and other forms of recognition in the United States, South Asian countries, and the business sector of Sri Lanka. With all these achievements in mind, we will take steps towards to a victorious journey with social and economic equality at the forefront.” said RIOCOCO’s Co-Founder and Chief Executive Officer (CEO), Shan Halamba. At a time when it was almost unimaginable to set up a soilless growing media manufacturing operation, Halamba was convinced of the country’s potential to produce high quality, uniform and consistent coconut growing media. Then he found RIOCOCO in 2004, which was a speedy success within a short period of time. It has been expanded to more than 65 countries. RIOCOCO is recognized as one of the foremost soilless coir growing media manufacturers in the region, and as the highest quality single origin coir growing medium supplier in the world.

 



 

 


December 4, 2023
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3min

 



 

 

Best Exporter in the lifestyle products category

Earthfoam Private Limited, the leading natural latex-based mattress, topper, and pillow manufacturer and exporter in the country, was recognised as the ‘Best Exporter’ in the lifestyle products category at the Presidential Export Awards – 2022/23. The Presidential Export Awards, a prestigious award ceremony to recognise local exporters’ outstanding contribution to the export sector and country’s economic development, was recently held in Colombo under the patronage of the President Ranil Wickremesinghe. Earthfoam Managing Director Januka Karunasena received the award. Founded in 2022 Earthfoam is manufacturing mattresses, toppers, and pillows using 100% natural rubber, and exporting their products to all parts of the world including the United States and Canada. They use their own recipe and highly specialised equipment to create latex foam that is consistent, comfortable, safe, anddurable.

Natural rubber being the main raw material (95%), high quality rubber is paramount important to the quality of earthfoam. As the existing supply chain is surrounded by various issues, Earthfoam has spent the last several years building their own trade network of over 500 organic rubber tree farms, the largest in Sri Lanka. Each of these rubber tree farms is Global Organic Latex Standard (GOLS) certified and eliminate the use of chemicals in farming, and boosts the biodiversity of the forests. Earthfoam currently source rubber form from about 10,000 acers in the country for both natural and organic forms. The company is also the world first Fair for Life certified fair trade program for rubber concentrate and engage in much needed improvements of tappers wellbeing. Life Insurance covers to tappers, education support for kids, projects on commmiunity development, empowerments worth over Rs 50 million per year benefits all organcie farmers and tappers attached to the program. Earthfoam owns a state-of-the-art factory complex in Horana, and makes sure that their much-asked-for products do not contain any fillers or synthetic latex. Over the past, they have been honoured with many local and international awards and quality certifications. Global Organic Textile Standard (GOTS), Oeko-Tex Standard 100, GOLS, and Fair for Life are some of such certifications.

 



 

 


November 28, 2023
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3min

 



 

 

Lumbini Aquaria International (Pvt) Ltd., the pioneer ornamental fish exporter in Sri Lanka, won two ‘Best Exporter’ awards in its sector at the Presidential Export Awards in respect of the Company’s export performance in 2021-22 and 2022-23.

Lumbini Aquaria is credited with exporting more than two billion ornamental fish to 26 countries since its inception in 1952, and is also a past winner of the annual export awards presented the National Chamber of Exporters of Sri Lanka (NCE).

Commenting on these latest accolades, Lumbini Aquaria Chairman Mr Vibhu Perera said: “These awards are a testimony to the resilience and courage of the Company during the worst economic downturn witnessed in our country. Our continued success in the export market is a tribute to the passion and hard work of our 100 plus employees.”

The Company’s CEO Mr Deepthi Perera added: “Lumbini Aquaria owns and operates the largest ornamental fish farm in Sri Lanka and our reputation for best practices and the diversity of our range of ornamental fish breeds makes us a preferred supplier in many international markets. We are delighted with our contribution to the national economy, and our role as a promoter of Sri Lanka as a destination for nature lovers.”

Owned by Forsyth Capital, the 71-year-old Lumbini Aquaria is Sri Lanka’s first ornamental fish and aquatic plants exporter and operates five breeding facilities around Sri Lanka. The Company exports over a thousand different breeds including freshwater fish, cold water fish, marine fish and invertebrates, as well as aquatic plants.

Lumbini Aquaria was established by Mr Lloyd Perera and is the market leader in the ornamental fish industry in Sri Lanka. The Company supports more than 100 fish grower families and possesses one of the best Aquaculture Research and Development facilities in the country.

The Board of Directors of Lumbini Aquaria International (Pvt) Ltd. comprises of Messrs Vibhu Perera – Chairman, Dasath Ranasingha, Kapila Thisera, Sivasothy Sitharthan and Ms Kumari Nayana Senaratne.

 



 

 


November 27, 2023
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3min

 



 

 

Company awarded as the leader in ICT sector export revenue for the past two years

 Sysco LABS was honoured with the prestigious Best Exporter Award in the Information and Communication Technology (ICT) sector at the Presidential Export Awards for both 2021/22 and 2022/23. This achievement recognizes Sysco LABS as the foremost contributor to export revenue within the ICT sector, affirming its position as the premier technology corporate in Sri Lanka.

Sysco LABS is the Global In-House Center (GIC) for Sysco, the global leader in foodservice and occupies the 56th position on the Fortune 500. Sysco has 330 plus distribution facilities worldwide and a network of 72,000 staff serving approximately 725,000 customer locations. Sysco LABS is the global In-house center for Sysco: a dedicated innovation and tech engineering hub, leveraging Sri Lankan ingenuity to power the technology that drives Sysco’s global operations.

Commenting on the win, Rasika Karunatilake, Managing Director of Sysco LABS said, “Receiving the Best Exporter award in the ICT sector for the past two years at the Presidential Export Awards is a tremendous honour. It is a matter of immense pride to our entire team at Sysco LABS to be contributing to Sri Lanka’s economic recovery and being recognized as the key contributor. This achievement is a testament to the world-class tech engineering talent and ingenuity in Sri Lanka, and our commitment to expand, innovate and deliver value to Sysco – the global leader in foodservice.”

“As we celebrate this accolade, it’s crucial to acknowledge the immense value that the tech industry brings to Sri Lanka. Technology is inevitably the future, and fostering an environment that enables the growth of this industry and the presence of global giants like Sysco will provide more opportunities for Sri Lankan talent to excel on a global stage,” he added.

Organised by the Export Development Board (EDB), the 25th Annual Presidential Export Awards was held on November 23, 2023 at the Bandaranaike Memorial International Conference Hall (BMICH), under the patronage and presence of President Ranil Wickramasinghe.

 


 

 


October 25, 2023
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3min

 



 

 

Managing Director of DHS Gem & Jewellery, one of the leading gem and jewellery exporters in Sri Lanka, Deshamanya Professor Dr. Duminda De Silva received the Best Gem & Jewellery Exporter of the Year award at the recently held Lanka Business Awards 2023 (LBA). The gala event was organized by Business Word International Organization (BWIO) and was held at the Taj Sanudra Hotel, Colombo. DHS Gem & Jewellery and its Managing Director Deshamanya Professor Dr. Duminda De Silva have received a number of awards at prestigious award ceremonies in the past as well.

“We have always placed great emphasis on building customer confidence by being professional and attention to detail. Most of our customers continue to work with us this is the reason why we have come a long way at a very short period of time. We were exporting gems even during the height of the COVID pandemic and bringing in much needed foreign exchange to the country. The company will keep on strengthening the confidence of our customers, so that we can continue to grow,” said Deshamanya Professor Dr. Duminda De Silva, the Managing Director of DHS Gems and Jewellery who is also a former Sri Lanka long jump champion and an international medal holder. Deshamanya Professor Dr. Duminda De Silva also said that he is extremely proud of the hard work and dedication of his staff who are the pillars of the company’s success.

DHS Gems and Jewellery was established in 2006, and the company now exports gems to more than a dozen countries. The aim of the company is to promote Sri Lankan gems, and the country as a whole, at the international arena, and to bring in much needed foreign exchange to the country. The company has two branches, one in Dambulla and the other in Colombo. DHS Gems and Jewellery regularly participates in gem exhibitions around the world to promote Sri Lankan gems.

 



 

 


May 17, 2023
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5min

 



 

 

  • Product portfolio expansion to support export revenue earnings
  • Announces launch of DIY portfolio for local markets
  • 2022 an inflection point; Alumex tops the industry for export contributions, good governance and business excellence

Alumex PLC, a leading manufacturer of high-quality aluminium profiles and a subsidiary of the Hayleys Group, has set its sights on expanding its value-added offerings and solidifying its position as the leading exporter in the industry.

With a string of national recognitions bestowed by major awarding bodies in 2022, Alumex PLC is well on its way to making a significant impact on the local and global market.

The manufacturer is now launching an exciting new DIY (do-it-yourself) product portfolio for the local market. Consisting of wide range of products, the new range will cater to the needs of the residential market segments offering uniquely innovative solutions for their homes.

Following on investments channelled into its state-of-the-art melting plant at Sapugaskanda, Alumex will continue to drive sustainable innovation in the construction sector with the launch of its ground-breaking low-carbon aluminium range: ‘Ozon’ and Re_AI.

“The past two years have been challenging for us all. However, the success of our future and our resilience in overcoming these difficulties are anchored in our ability to expand our export portfolio, generate much-needed revenue and look after our industry stakeholders.

“In working towards this vision, we will continue to add new products to drive export revenue while strengthening our training and capacity-building sessions for fabricators, craftsmen, students and professionals to enhance and create industry experts who can support our vision,” Alumex Managing Director Pramuk Dediwela.

Alumex won prestigious awards in 2022 across multiple illustrious platforms and facets of business including the Gold Award – Machinery & Light Engineering Products Sector – 2022 NCE Export Awards for the outstanding achievement of introducing aluminium extrusions to Sri Lanka’s export portfolio.

The manufacturer further strengthened its reputation among industry heavyweights with a Gold Award and a Top 10 Winners rank at the CNCI Achiever Award 2022, and by topping the Manufacturing Sector at the National Business Excellence Awards.

Further solidifying its reputation of transparent reporting to its stakeholders, Alumex won international acclaim with Gold – Manufacturing category for its integrated report, at the CA Sri Lanka’s TAGS Awards 2022 and the Bronze Award – Best Annual Report at the Asia Integrated Reporting Awards 2021. Similarly, the company was ranked among the Top 10 Best Integrated Reporting Awards – CMA Excellence in Integrated Reporting Awards 2022.

“The awards won in 2022 reflect the hard work and dedication of our team and serve as an inspiration for us to continue setting new standards of excellence,” said Dediwela.

Founded in 1986, Alumex PLC is a subsidiary of Sri Lankan multinational and diversified conglomerate Hayleys Group. Alumex is a fully integrated manufacturer of aluminium profiles in Sri Lanka. Endorsed with over 35 years of industry expertise, the company develops and manufactures aluminium extrusions for an extensive suite of applications and systems, such as the fabrication of doors, windows, shop fronts, curtain walls and other specialised commercial applications, including globally renowned aluminium proprietary door, window and façade systems under license.

With a wide range of architectural, residential and industrial products made available through its national and retail distribution system, Alumex provides customers with products on par with the highest international standards. Alumex exports its pre-engineered products to the USA, UK, Canada, Australia, New Zealand, Italy and Germany.

 



 

 


December 29, 2022
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4min

 



 

 

SMR Consolidated (Sena Mills and Refineries Pvt Ltd), Sri Lanka’s premier manufacturer, refiner, and exporter of edible oils and fats, was recognized for its commitment to quality and excellence, at the 30th NCE Annual Export Awards 2022, with the Company winning the Bronze Award. The Award was presented to SMR Consolidated at the NCE Annual Export Awards Ceremony 2022, which was held on the 2nd of December at Shangri-La Hotel and was accepted on behalf of the Company by Amal Indrajith Chief Executive Officer of SMR Consolidated.

Expressing pleasure at receiving the accolade, Dimantha Nanayakkara  Head of Strategic Business Development at SMR Consolidated said, “It’s an honour and privilege to have been recognized by such an esteemed body. From early on, we’ve been committed to quality and excellence, which ultimately saw our products being much sought-after in export markets. Today, in many markets, we are considered the best for quality, and this is something we strive every day to ensure. Since our humble beginnings in the 1960s, as a small coconut oil mill, we have been on a sustained and consistent journey of growth and expansion, furthering our ventures into the manufacture and refining of edible oils. In 1997, we set up our own edible oil refinery, equipped with the first continuous physical edible oil refining facility in Sri Lanka, and since then we have been leading the industry in quality. We take this opportunity to thank the awarding body and our customers globally for their faith and trust in our products.”

The Annual Export Awards is organized by the National Chamber of Exporters (NCE) of Sri Lanka and is deigned to recognize and reward outstanding performances amongst Sri Lanka’s exporters. The awards are presented after a stringent, strict and comprehensive evaluation of the applications by an independent panel of judges. The evaluation criteria include financial performance over the preceding 3 years, export performance, value addition, foreign exchange earnings, effective management, branding, and research and development.

SMR Consolidated’s commitment to quality has also earned it various coveted food safety and quality certifications including BRC, FSSC 22000, ISO, SEDEX, SMETA, FAIRTRADE Organic, Kosher and others. In 2022, the Company marked a significant milestone with its export products reaching over 35 countries across 6 continents, for the first time.

As a community-focused, people-centric and sustainable business, SMR Consolidated creates value for Sri Lankans in many ways, apart from high-quality products. As a locally-owned and grown business, SMR Consolidated always strives to create value for its communities, presently directly employing almost 1,000 individuals and creating indirect economic opportunities for over 5,000 people, helping over 6,000 rural families thrive. SMR Consolidated is also helping to create a positive image for the brand Sri Lanka, through its products in global markets.

 



 

 


August 2, 2022
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5min

 



 

 

 

Innovative Sri Lankan produce and beverage exporter, Agri Deshiya’s RAGA Sparkling Kithul Toddy has attracted celebrity attention in one of its key overseas markets, Australia, after famous football star, Ben Long, recently tried this new trendy beverage. Upon tasting this native Sri Lankan beverage, produced to international standards, and which is now available in Melbourne, Australia, Mr. long, a player representing St. Kilda Football Club in the Australian Football League, has become a dedicated fan. In fact, RAGA Sparkling Kithul Toddy has become quite the hot item about town in Melbourne recently, as more and more locals try this traditional Sri Lankan brew and fall in love with its refreshing and unique flavour.

“Mr Long was quick to express his fondness for this newfound 100% authentic Sri Lankan beverage,” said a representative for Kingston Cellars in Australia, the distributor of RAGA beverages in that country, “One chilled can of RAGA Sparkling Kithul Toddy, and Ben Long became an immediate fan. He is now, not just tremendously impressed with the taste of kithul toddy, but has also become very interested in learning about how kithul sap is harvested, and the myriad of health benefits of kithul, including boosting energy, helping weight loss, regulating blood pressure, migraine relief and improved digestive and respiratory health.”

Toddy, from both the kithul and coconut palms, have been consumed in Sri Lanka since ancient times, and has been coveted by manual labourers and agricultural and other blue-collar workers for decades, even centuries. However, it is Agri Deshiya’s Founder and Chairman, Prabath de Alwis’s ingenuity and passion for innovation and combining traditional techniques with modern technology, which has helped to refine and transform this traditional beverage into a trendy modern brew that is enjoyed worldwide today.

Commenting on the success of the RAGA range of beverages, Mr. de Alwis said, “We have natural agricultural produce in Sri Lanka, such as kithul, which are unique in the world. Thus, our goal is to use our ingenuity and expertise to put Sri Lanka on the map, by exporting unique products the world has never seen. This kind of innovation is what can help us to use the natural bounty we have been blessed with in Sri Lanka to delight the world and bring home much needed foreign exchange to support our economy, our communities and our national aspirations. The kithul industry has been in decline for years, but we are changing this by breathing new life into this age-old traditional beverage, while also constantly innovating to create new and amazing products fit for the global market using Sri Lankan produce, traditional techniques and cutting-edge technology and processes. We invite local authorities and all Sri Lankans to support our local value-added agricultural produce and industries so that we can truly put Sri Lanka on the map and attract revenue and investments to build a sustainable, strong and economically independent Sri Lanka.”

RAGA Sparkling Kithul Toddy is manufactured by Agri Deshiya (Private) Limited and is presently exported to Australia, New Zealand, the UAE, UK and South Korea, and available locally in Sri Lanka at all leading supermarkets and selected wine stores. For availability and more information, please visit www.ragaceylon.lk or email marketing_exe@agrideshiya.com or telephone 070 545 0468.

 



 

 

 


May 15, 2020
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5min

When Sri Lanka entered a sudden lockdown, in response to the global COVID – 19 pandemic, Saaraketha, Sri Lanka’s largest retailer and exporter of certified fresh organic produce and ethically sourced sustainables, was one of the very first to respond to the overnight national need for delivered food. Unlike other retailers, in the food industry, Saaraketha had years of experience with home delivery, supporting a loyal base of urban consumers with a bi-weekly service prior to the pandemic.

The Island-wide curfew brought with it overnight unprecedented demand, where in the first 48 hours they witnessed a 100x surge per day on their online home delivery segment.  They encountered fresh, un-foreseeable challenges as the Saaraketha team stepped up to fulfils their calling as a socially responsible company. With the leadership of their Managing Director; Prasanna Hettiarachchi, Saaraketha found not only novel ways to streamline their processes, delivery and service, but also opened up their platform and customer base to other small ethical businesses.



The Saaraketha Lifestyle philosophy has always been one of sustainability, social responsibility and highest quality; values that come alive particularly in periods of crisis. Because of their commitment to these principles, despite facing a severe disruption of their core export business, Saaraketha has still been able to contribute to support the livelihoods of their supply chain consisting of over 2500 rural small holder farmers. In addition they have also been able to contribute to the lives of 50 employees and their families , over 50 delivery drivers and their families, 28 small ethical businesses and 7000 plus customers. In keeping with their philosophy they have also continued to silently help over 3 charity organisations with free food, at a time when both income and access to food has been scarce and uncertain.

The emphasis on stringent health and safety, and organic farming and processing protocols, that Saaraketha Lifestyle has built their reputation on, over the last 8 years of operation, means that, even in a pandemic, their customer base can absolutely trust the products that they receive, going as far as being able to trace where their food has come from. This intense attention that the team pay to each product, its quality, its longevity and its journey is something completely unique to Saaraketha Lifestyle.

As the dust settles slowly, a new world is emerging. Not just for Saaraketha but for the whole world. Consumers are rethinking their habits, their allegiances and there is more awareness about the impact of their consumption choices. The changes that they embraced in crisis to both support farmers and feed customers, have paved the way for a new way of thinking, a new way of working for Saaraketha Lifestyle. A new business model that allows them to welcome more ethical producers of fresh fruit and vegetable, dry goods, prepared foods and other lifestyle products, expanding the Saaraketha Lifestyle portfolio.

COVID – 19 is set to leave a longer term impact on consumer behavior; the remote and contactless consumption model though forced upon us will be the new norm globally for evolved consumers where the traditional retail model is disrupted for good. The world order has changed; the world will navigate COVID – 19 and the human race will move on but the changes that were thrust upon us by COVID – 19 and awoke us to a new way of life, will remain. In a changed world order where new thinking, a new lifestyle and a very different consumption behavior; with social distancing, where responsible consumption, with increased focus on essential items, reducing waste and less impulse buying, will be the new norm. In this evolved era, companies like Saaraketha Lifestyle shines the light on why being sustainable, ethical and socially responsible, is the only way forward.



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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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