August 21, 2023
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5min

Leading export manufacturer of hand protection solutions and member of the Hayleys Group, Dipped Products PLC (DPL), announced the launch of its new ESG roadmap ‘DPL Pulse’.

‘DPL Pulse’ builds on the environmental and social consciousness already rooted within the organisation and aligns with the Hayleys Group’s long-term sustainability aspirations as outlined in the Hayleys Lifecode.

Amidst the disconcerting forecast made by UN climate scientists that July 2023 would be the hottest month on record, UN Secretary-General António Guterres declared that “the era of global warming has ended” and “the era of global boiling has arrived.” Although climate change is evident, to stop the worst, “we must turn a year of burning heat into a year of burning ambition,” he stated in a recent UN report.

At the company’s launch to its employees, DPL Managing Director Pushpika Janadheera said, “As an industry pioneer in sustainability, DPL Pulse formalises our efforts and initiatives with purpose and direction. This commitment comes at a critical time, with escalating impacts of global climate change and widening socio-economic disparities. As an organisation that relies primarily on agricultural materials, we have always been acutely aware of the impact of climate change on our business and communities and we are firmly committed to effecting positive change and building resilience.

 

 

 



 

 

“Economic growth should never undermine the balance between social and environmental progress; simply, there is no compromise. This ethos is deeply ingrained within the core of our management philosophy at Hayleys and DPL. We recognize the increasing call for sustainable sourcing across the world, a demand that compels us to protect not only the hands of millions but also the world they touch. Our gloves stand as a symbol of protection, encompassing both physical safety and concern for the environment and society,” Janadheera added.

DPL Pulse is built on the four key pillars of Planet, People, Products and Partnerships which ensure a holistic focus across the value chain. Aligned to the UN Sustainable Development Goals (SDGs), the Roadmap sets out clearly defined targets under each pillar, including a 20% reduction in carbon footprint (Scope 1 and 2).

As a result of DPL’s proactive approach in adopting renewable energy sources, 93% of its energy needs are currently met by biomass and other renewable sources. DPL has set forth plans to invest Rs. 1.6 billion in solar energy spanning all six manufacturing locations, with five based in Sri Lanka and one in Thailand. Additionally, DPL is committed to achieving a zero landfill goal as part of its ongoing efforts.

The recently established sports glove complex demonstrates the company’s environmental dedication. Striving for Platinum LEED certification, the facility is powered by 325 kWp solar rooftop panels and a Rain Water harvesting system with a capacity to serve 50% of its domestic usage in the rainy season.

DPL is targeting 30% sustainable water sourcing and 55% reuse of treated wastewater through its 2030 Roadmap. A water recycling project at its Hanwella site, is a shining example of sustainable water practices in action. Used discharged water undergoes treatment at an effluent treatment plant, and is subsequently reused, saving nearly 40% of the site’s water consumption.

Strengthening its competitive advantage in niche export markets, DPL aims to ensure that a minimum of 10% of its product portfolio is eco-rated and will increase the use of recycled raw materials in its manufacturing process by at least 30%. DPL also plans to increase the environmental screening of suppliers by 40%, in addition to doubling the beneficiaries of its CSR programmes.

For a comprehensive view of DPL Pulse and its 2030 roadmap, visit www.dplgroup.com/pulse/.

Established in 1976, Dipped Products PLC is one of the world’s leading non-medical rubber glove manufacturers, accounting for a 5% global market share. Recognised for its innovative and sustainable hand protection solutions, DPL specialises in industrial, household, sports and medical gloves. Headquartered in Colombo, the exporter has established manufacturing facilities in Sri Lanka and Thailand, with marketing arms in Italy, Poland, France and the Middle East.


December 14, 2021
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6min




 

In contributing towards developing Sri Lanka as a globally competitive hub for logistics, Advantis 3PL Plus, a member of the Hayleys Advantis Group, announced a major expansion of its mega distribution centre, Advantis Logistics City (ALC), strategically situated at Kotugoda, Ja Ela.

The new wing, constructed on 2 acres, will add 121,000 square feet of warehousing space, expanding the total facility to over 450,000 square feet, making it the largest, and most technologically sophisticated distribution hub of its kind in Sri Lanka.  With the Addition of ALC, Hayleys Advantis group will operate over 3.5 million square footage of total warehousing space, both locally and regionally, and currently has a distribution footprint spanning over 26.5 million kilometers per annum.

Hayleys Chairman and Chief Executive Mohan Pandithage, together with Hayleys Advantis Managing Director Ruwan Waidyaratne, members of the Hayleys Advantis Group Management Committee, valued customers and other stakeholders were in attendance to witness the special groundbreaking ceremony held at the premises on the 8th of December.

“Hayleys has long served as a proud contributor to the nation’s development, and our logistics sector has been the bedrock of Sri Lanka’s economy. The pandemic revealed the importance of resilience in the logistics industry which gave Hayleys Advantis the opportunity to show what we are truly capable of, and our results speak very clearly,” said Hayleys PLC Chairman and Chief Executive, Mohan Pandithage.

He further stated, “Backed by strategic investments and conducive policies, our experience demonstrates that Sri Lanka has the potential to be a globally competitive logistics hub. With the commencement of the second phase of our expansion, we are positioning Advantis 3PL Plus to be a key driver of growth for decades to come. This will be accomplished by further integrating our nation into regional supply chains, in order to enable Sri Lanka to serve as a true nexus for trade.”

“It is with great pride that we unveil the second phase of our logistics hub to our prestigious clients, many of whom have stood by and collaborated with us during the pandemic to ensure uninterrupted supply chains. This is a true source of encouragement in our journey of well over a decade. We have taken many steps to uplift Sri Lanka’s logistics industry, and the extension of this facility will allow us to consolidate our operations further at a single location enabling unprecedented optimization of our service capacity, speed and value to customers,” said Hayleys Advantis Managing Director, Ruwan Waidyaratne.

Designed to cater to diverse industry verticals, ALC serves as a distribution hub capable of meeting the fast-changing needs of brands and retailers across the globe. Equipped with best-in-class technologies and product management systems focusing on automation and digitization, the facility is located close to the Port of Colombo, the Bandaranaike International Airport and the highway network.

“Businesses have rapidly evolved over the past two years with the onset of the pandemic, with a greater focus on operating efficiencies, capacity and service levels. The expansion of our facility will enable greater speed and agility, in order to fully cater to the evolving requirements of our clientele,” said Advantis 3PL Plus Director/CEO, Sheran Abeyesundere.

Advantis 3PL Plus has nearly two decades of experience in warehousing and distribution management and has taken its expertise to multiple countries in the region within the last decade. The company currently operates distribution centres in India, Indonesia, Myanmar and Bangladesh, with the newly opened facility in Sri Lanka being the largest amongst them.

Advantis 3PL Plus is a subsidiary of Hayleys Advantis, the transportation and logistics arm of Sri Lanka’s largest and most diversified conglomerate, Hayleys PLC. As the 3PL leader in Sri Lanka for close to two decades, Advantis 3PL Plus has been providing its clients in South Asia and Southeast Asia with a full gamut of 3PL services. The services offered by Advantis 3PL Plus complement the integrated end-to-end logistics service offering of Hayleys Advantis, which includes freight, free zone, warehousing, transportation, distribution, express and last-mile delivery solutions. The strength of this seamless service offering has won Advantis many accolades from clients and industries across the region.




 


December 18, 2020
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2min

Partnering one of the nation’s largest conglomerates, Sri Lanka’s most innovative bank, HNB PLC announced the commencement of multiple long-term finance facilities totaling Rs. 8.5 billion for Hayleys PLC and the Group subsidiaries.

The agreement was facilitated by HNB’s Corporate Banking Division, which is a key vertical within the Banks Wholesale Banking Group (WBG). Presently, the WBG manages the banking needs of bulk of the largest blue chip Corporates & Conglomerates in the country.

 




 

 

The signing up ceremony was attended by Hayleys PLC Group Executive Director Sarath Ganegoda, Hayleys Group Chief Financial Officer Choliya De Silva, Head of Group Treasury Malin Fernando, together with HNB Deputy General Manager Wholesale Banking Group, Damith Pallewatte, HNB Assistant General Manager Corporate Banking, Majella Rodrigo, HNB Senior Manager Corporate Banking Manojith Weerasuriya, HNB Relationship Manager, Samindhi Kurukulasuriya.

HNB’s Wholesale Banking Group specializes in providing clients a range of products and services tailored to address long term funding, working capital financing, trade, FX and structured finance requests through collaboration with other Wholesale Banking divisions such as the Banks Payments & Cash Management, Custody & Trustee, Treasury and Trade Services divisions.

With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. HNB carries a long-term national rating of AA+ (lka) by Fitch Ratings (Lanka) Ltd.

 

 

 



 

 

 

 


November 8, 2017
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4min

Fueled by topline growth across all of its key business segments, Hayleys PLC posted a 20% Year-on-Year (YoY) increase in turnover up to Rs. 62.4billion.

The Group has continuously infused higher levels of investment into key business segments with a view to enhancing  growth potential over the medium-long term. These investments were also reflected in the Group’s net finance cost, which rose to Rs. 1.9 billion while group profit before tax for the period stood at Rs. 1.4 billion in 1HFY17/18.

In that context, Hayleys Group achieved significant benchmarks during the period in review, particularly in relation to its recent acquisition of a 61.73% of the issued share capital of Singer ( Sri Lanka) PLC for a consideration of LKR 10.9 billion, making it the single largest acquisition for a listed company in Sri Lanka in recent times.  The Group raised its holding to 80.96 % subsequent to the mandatory offer concluded on 31st October, 2017.

Commenting on the Group’s performance over the first half, Hayleys PLC Chairman and Chief Executive, Mohan Pandithage said: “The group was able to achieve several significant milestones during the first half of the financial year, driven by aggressive investments that have positioned Hayleys Group for strong top and bottom line growth moving forward. Having finalized our acquisition of Singer Sri Lanka PLC, the Hayleys Group is now moving to expand rapidly into the retail sector leveraging on the time-tested expertise of both companies.

“We are confident that the acquisition of Singer (Sri Lanka) PLC together with the recent major investments that the Hayleys Group has made into leisure and transport and logistics sectors are anticipated to yield significantly improved  results for the group in the future.”

Turnover in the group’s Transportation and Logistics segment rose from Rs. 11.1 billion up to Rs. 16.4 billion while operating  profits rose from Rs. 631 million up to Rs. 1.1 billion during 1H17/18.

Strong export market prices supported notable improvements in the group’s Plantation sector which recorded turnover of Rs. 6.5 billion, as compared with a previous Rs. 4.4 billion, which in turn enabled an operating profit of Rs. 216 million, as compared with a loss of Rs. 358 million in the corresponding period of the previous year.

Poor weather conditions hampered agricultural production, leading to a reduced turnover and operating profits, which ended the half at Rs. 5.5 billion, and Rs. 233 million respectively. Hayleys nevertheless maintains a positive outlook for its agriculture sector over the 2H17/18, particularly in the context of the commencement of the Maha season.

Increased raw material prices also negatively affected the group’s Hand Protection and Purification Products segments. Revenue in the Hand Protection segment stood at Rs. 8 billion while operating profits stood at Rs. 98 million. Revenue in the group’s Purification Products rose to Rs. 7.1 billion while operating profits closed the half at Rs. 358 million.

Leisure sector operating profits reduced to Rs. 36 million despite relatively stable turnover of Rs. 2.6 billion, largely

as a result of investments made towards the refurbishment of key hospitality properties within the group.

The Board of Directors of Hayleys PLC comprises Messrs. Mohan Pandithage (Chairman and Chief Executive), Dhammika Perera (Co-Chairman), Rizvi Zaheed, Sarath Ganegoda, Rajitha Kariyawasan, Dr. Harsha Cabral PC, Dr. Mahesha Ranasoma, Lalin Samarawickrama, Ruwan Waidyaratne, Hisham Jamaldeen , Aravinda Perera and Noel Joseph.



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