Business
Sadaharitha Plantations marks 23 years of leadership, innovation, and sustainable growth
Sri Lanka’s No.1 commercial forestry investment company and a global leader in agarwood production, Sadaharitha Plantations Limited proudly celebrates its 23rd anniversary this year, a milestone that reflects more than two decades of pioneering vision, innovation, and unwavering commitment to sustainable green investments.
Adding to the significance of this celebration, Sadaharitha has achieved a historic industry first, surpassing an asset base of USD 1.05 billion — making it the only commercial forestry management company in Sri Lanka to reach this remarkable milestone.
Established in 2002 to transform Sri Lanka’s green investment landscape, Sadaharitha has grown into a LKR 214 billion net asset value conglomerate, consistently delivering strong returns to over 50,000 investors. Over the past 23 years, the company has planted more than one million trees and disbursed LKR 1.7 billion in harvest returns, cementing its reputation as a trusted and results-driven investment partner.
From its inception, Sadaharitha has led the industry by offering secure, high-yield investment opportunities in agarwood, teak, vanilla, and other premium forestry products. Today, it ranks among the top ten agarwood companies worldwide, with operations in Sri Lanka, the United Kingdom, and Madagascar. Its flagship plantation in Madagascar spans 5,295 acres, contributing to nearly 9,000 acres under active management globally. Through its subsidiaries — Sior Verde Limited (UK) and Sadaharitha Plantations Madagascar — along with strategic partnerships in the UAE, the company has expanded its presence across key global markets.
In addition to forestry, Sadaharitha has successfully ventured into the luxury fragrance sector, producing premium Sri Lankan oud perfumes under the Sior Verde brand, now available in multiple international markets. Its proprietary SP Tech — a 100% organic, research-backed agarwood inoculation technology — continues to set industry benchmarks by accelerating resin formation while ensuring ethical, sustainable production.
Reflecting on the company’s journey, Sathis Navarathna, Chairman of Sadaharitha Group of Companies, stated,
“This 23-year milestone is not just a measure of time — it is a celebration of resilience, innovation, and trust. Surpassing USD 1.05 billion in assets speaks to the strength of our vision, the loyalty of our investors, and the dedication of our people. I extend my deepest gratitude to all who have stood beside us on this remarkable journey.”
As Sadaharitha steps into its 24th year, it remains committed to its founding mission — creating a greener, stronger, and more prosperous future for both people and the planet. With a proven history of delivering value, the company is poised to further expand its global footprint, launch new investment opportunities, and continue leading Sri Lanka’s sustainable forestry sector into the future.
Business
Mattala Wildlife Unit to boost revenue, tourism and investor confidence
The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.
Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.
“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.
He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.
By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.
Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.
“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.
Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.
Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.
“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.
He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.
The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.
“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.
By Ifham Nizam
Business
Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry
Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.
The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students
Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.
All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.
Business
Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026
COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.
The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.
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