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Hayleys and Moratuwa Uni partner to upcycle industrial waste into construction material

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Hayleys Fabric Team and Pro Green Lab teams with Hayleys Fabric Managing Director/CEO Rohan Goonetilleke (third from right) and Professor Rangika Umesh Halwatura (fourth from left)

Launches a new range of upcycled construction materials

Initially producing concrete blocks from upcycled factory waste

Rs. 9 million investment initiative

Pro Green Lab to test out new applications for other industries

Redefining sustainable innovations through eco-conscious partnerships, Sri Lanka’s largest integrated textile manufacturer, Hayleys Fabric PLC announced a ground-breaking collaboration with Pro Green Laboratory of the University of Moratuwa to upcycle industrial waste and convert it into sustainable, environmentally friendly construction materials.

The partnership launched under the FaBriEco banner, aims to develop eco-friendly, low cost products for the local market from dye waste, fabric waste, and fly ash generated in the textile industry. The concept builds upon the research conducted by Pro Green Laboratories, led by Professor Rangika U. Halwatura, whose patents on sustainable products include mud concrete blocks and polymerized self-compacting mud blocks.

“This partnership is the first step in a transformative journey towards a greener future for our nation and our industry. By linking our sustainability team with Pro Green Labs, we hope to spearhead a paradigm shift in waste management and product development which could potentially catalyze the emergence of a truly circular economy,” Hayleys Fabric Managing Director/CEO Rohan Goonetilleke said.

Through the initiative, Hayleys Fabric hopes to shift away from traditional waste management practices into a model where resultant waste, toxic and hazardous, can be treated and re-used as a sustainable construction material.

The team led by Professor Halwatura is set to launch concrete blocks manufactured from dye waste, fabric waste, and fly ash generated in the textile industry. The study builds upon the ground-breaking research conducted at the lab and measures have been taken to develop other applications and uses.

“As a researcher and inventor, I am truly excited about our partnership with Hayleys Fabric as it brings together two organizations driven by a shared commitment to sustainability and innovation. We are poised to unlock solutions that can revolutionize the textile industry and together have the potential to develop eco-friendly technologies that transform waste into valuable resources, leading to a more circular and sustainable economy.

“I am excited about the possibilities this partnership holds and the potential impact we can make together. By combining our strengths and shared values, we are confident in our ability to pioneer transformative solutions that will shape the industry and drive sustainable innovation forward,” Prof. Halwatura said.

The initiative is the latest addition to Hayleys Fabric’s extensive portfolio of sustainable campaigns that align with their ESG objectives, inspired by the Hayleys Lifecode and their commitment to environmental and social responsibility.

Hayleys Fabric has invested over Rs. 5 Mn in laboratory equipment and has sponsored various postgraduate research programs to demonstrate its commitment to advancing sustainable innovation.



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

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.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

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.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

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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