Business
From field to export markets: rubber growers see their latex transformed at CEAT Kelani
The transformative journey of rubber from the milky liquid latex tapped from the Hevea brasiliensis tree to sophisticated high-demand finished products in the global market is one that growes know of, but don’t often witness first hand, a situation that one major user of natural rubber in Sri Lanka is now rectifying.
CEAT Kelani Holdings, which manufactures nearly half of Sri Lanka’s pneumatic tyre requirements, has started hosting rubber cultivators for conducted tours of the company’s extensive manufacturing complex in Kelaniya, providing them with an insight into the intricacies of producing high-performance tyres for the domestic and export markets, a company news release said.
The first group of 45 rubber growers and dealers from areas such as Padukka, Horana, Avissawella, Eheliyagoda, Ratnapura, Akuressa, Kegalle, Yatiyantota, Gonagaldeniya and Ruwanwella that visited the CEAT Kelani factory recently was briefed on the processes relating to the procurement of natural rubber, the stringent quality tests conducted on incoming rubber, the extreme care taken in storage of the precious raw material, the first-in- first out (FIFO) method used in inventory management and the entire manufacturing process from inception to completion.
A comprehensive demonstration of the in-process quality checks at the state-of-the-art manufacturing facility underscored the importance of maintaining consistently superior quality in the supply of natural rubber. A detailed presentation on the use of natural rubber in manufacturing and its impact on the quality of tyres, provided growers an eye-opener on how a small ommision in the tapping of rubber could impact product quality.
Commenting on this initiative, CEAT Kelani Holdings Managing Director Mr Ravi Dadlani said: “We purchase 100 per cent of our natural rubber requirements from local producers and so our success is important to the cultivators, a point that was effectively communicated in this relationship strengthening exercise. We were encouraged by the level of interest shown by the rubber growers and dealers, and their grasp of the importance of maintaining quality in the entire supply chain.”
Emphasizing the importance accorded by the company to the visit, the rubber growers and dealers were welcomed by the senior management team of CEAT Kelani led by Mr Dadlani and Director Mr Eraj Fernando.
The cumulative investment of CEAT Kelani Holdings in Sri Lanka exceeds Rs 8 billion. The company’s manufacturing operations in Sri Lanka encompass tyres in the radial (passenger cars, vans and SUVs), commercial (nylon and radial), motorcycle, three-wheeler and agricultural vehicle segments.
Business
HNB Finance bags 2 CMA Reporting Awards 2025
HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.
At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.
The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.
Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”
Business
ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises
The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.
The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.
Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.
‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.
Business
Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations
Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.
As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.
The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.
Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.
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