Business
Ideal First Choice introduces the unbeatable and versatile Schwing Stetter Self Loading Mixer to the local market
Sri Lanka’s premier automotive solutions provider, Ideal Motors (Pvt) Ltd’s subsidiary Ideal First Choice has broken new ground introducing the Schwing Stetter Self Loading Mixer to the local market recently.
Ideal First Choice is the sole representative for the equipment, manufactured and distributed by Schwing Stetter India (Pvt) Ltd, a wholly-owned subsidiary of the acclaimed German group, Schwing Stetter.
German’s Schwing Stetter with a rich history for over 88 years, and as the world’s leader for concrete construction machines, has located its wholly-owned subsidiary Schwing Stetter India (Pvt) Ltd in Chennai. While Schwing Stetter’s factories are situated worldwide, the group’s entity in Chennai supplies equipment to Sri Lanka was well as 27 countries globally. This factory manufactures and distributes Batching Plant, Truk mixer, Boom Pum etc.
Schwing Stetter India (Pvt) Ltd also manages five plants across Chennai, manufacturing a wide range of concrete construction equipment. A massive 450 Self Loading Mixers are produced monthly.
Commenting on introducing this machine to the local market, Kasun Wickramaratne, National Sales Manager, Schwing Stetter India (Pvt) Ltd said, “Ideal Motors is undoubtedly the superior choice when selecting after-sales service for vehicles in Sri Lanka. Their customer service is matchless. As both our organizations are attuned to support customers, Ideal Motors is the best suited local authorized dealer for the Schwing Stetter Self Loading Mixer.”
Top construction firms such as ELS Construction, NEM Construction, Tokyo Super Mix (Pvt) Ltd use the Schwing Stetter Self Loading Mixer. Since being appointed the local authorized dealer, Ideal Motors (Pvt) Ltd has concluded a successful sale of the Self Loading Mixer to Sri Ram Construction.
The Self-Loading Mixer is an off-highway, rough terrain machine which can be easily operated, and is able to transport mixture with minimal costs. The novelty of the Self-loading Mixers is that within the vehicle it can automatically mix the concrete. Especially, in rural villages, for the development of smaller roads, the equipment is able to play a vital role.
Through an automatic system, the machine blends water, cement and stones to create the concrete and impressively is able to provide a valid receipt to the customer on the quantities of sand, stones and water used to manufacture the cement.
Dilshan Tennekoon, Head of Sales, Ideal Motors said, “The Ideal Group is recognized within the vehicle market as a trusted and leading entity which has within a short timeframe marked many achievements. The foresight and guidance of Ideal Group Founder and Chairman Nalin Welgama, Deputy Chairman Aravinda de Silva and Director Chaminda Wanigaratne has successfully contributed to help raise the local economy and also the prosperity of customers within a short period.”
Currently, the construction sector is contributing immensely towards Sri Lanka’s development. Ideal Motors is deeply committed in supporting this sector and helping organizations involved in construction to achieve every success. Ideal Motors aims to unveil other new products to the market shortly. We have realized that many organizations have become ineffective in introducing products as they are unable to maintain the equipment and support clients through after sales requirements, negatively impacting customer businesses. However I am pleased to note that we at Ideal Motors, have already made the necessary arrangements to offer superlative after-sales service for the equipment we market. Moreover, customers will be able to maintain their equipment with minimum cost, time, effort and a reduced workforce thus achieving every success within the industry. This was revealed based on a recent survey we conducted among customers in the sector who seek quality vehicle accessories and machinery. Our decision to obtain authorized dealership status from Schwing Stetter India (Pvt) Ltd, a wholly-owned subsidiary of the renowned German group, Schwing Stetter, is due to these reasons,” Tennekoon added.
Ideal Motors operates a large network of over 300 after-sales service centres with fully-trained technicians and engineers, across the island. As an organization Ideal Motors remains dedicated to supporting entities involved in the construction sector through its island-wide after-sales service network and invites companies in the industry to experience the consistent superior service.
Senior business leaders, economists and international development experts, alongside the Prime Minister of Sri Lanka, will headline the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of Commerce on 12 and 13 October at the Shangri-La Colombo.
The Summit will open with a keynote address by T. Krishnakumar, Chief Executive Officer, Reliance Consumer Products Ltd, who brings more than four decades of experience in the consumer brands and FMCG sectors. Having previously served as President of Coca-Cola India and Southwest Asia, with extensive experience in building businesses and driving growth across emerging markets, Krishnakumar, more popularly known as Kk, now leads Reliance Consumer Products as it expands across categories and builds new customer, partnership and market opportunities.
Day 2 will bring together four international perspectives across discussions on economic resilience, regional connectivity, sector growth and digital transformation.
Lilia Aleksanyan, Senior Country Economist for Sri Lanka at the Asian Development Bank, will open the day’s discussions with a focus on Sri Lanka’s economic resilience. Her work covers the country’s macroeconomic outlook, policy advice and macro-fiscal and financial-sector reform. Her international policy experience also includes roles at the French Ministry of Finance and the French Central Bank.
The Summit will then turn to Sri Lanka’s connections with regional markets, with P. D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered Bank, delivering the keynote for the session on trade corridors and value chains. Singh counts close to three decades of experience in banking and finance, with senior leadership roles spanning Standard Chartered, JPMorgan Chase Bank and HSBC.
The Sector Deep Dives will bring international perspectives to discussions on healthcare and energy.
Tushar Shroff, Chief Financial Officer, Zydus Lifesciences Ltd, will deliver the keynote for the healthcare discussion, drawing on more than three decades of experience in corporate finance, strategic investment and financial transformation. His career spans senior finance and leadership roles with ABB, Piramal Healthcare, Intas Pharmaceuticals and Vedanta Group, giving him a broad perspective on the business and investment decisions shaping the healthcare sector.
For the energy-focused deep dive, Edore Onomakpome, Regional Infrastructure Industry Manager for Bangladesh, Sri Lanka and Nepal at the International Finance Corporation, will bring extensive experience in infrastructure investment and project finance across emerging markets. Since joining IFC in 2013, she has held senior roles across Africa and South Asia, including managing IFC’s infrastructure portfolio across 16 countries.
The Summit will conclude its keynote programme with Prime Minister Dr. Harini Amarasuriya, who will deliver the keynote for “Nation Building in the Digital Age.” The Prime Minister also oversees the Ministry of Education, Higher Education and Vocational Education, bringing a direct policy perspective to discussions on digital transformation, innovation, education and the skills needed for a changing economy.
Together, these perspectives will bring regional, international and policy insight to SLEIS 2026 as Sri Lanka considers how to strengthen economic resilience, attract investment, deepen regional connections and develop new sources of growth.
Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” SLEIS 2026 will take place on 12 and 13 October 2026 at the Shangri-La Colombo.
The Sri Lanka Economic & Investment Summit 2026 is supported by its valued sponsors and partners. Platinum Sponsor – Standard Chartered Bank Sri Lanka, Gold Sponsor – VISA Worldwide (Pvt) Ltd., Bronze Sponsor – South Asia Gateway Terminals (Pvt) Ltd., Strategic Development Partner – Asian Development Bank, Telecommunication Partner – Dialog Telecommunication, Television Partner – Dialog Television, Session Sponsors – David Pieris Motor Company (Pvt) Ltd., Hemas Holdings PLC, Sunshine Holdings PLC, International Construction Consortium (Pvt) Ltd., Microsoft Sri Lanka (Pvt) Limited, Official Logistics Partner – Hayleys Advantis Limited, Official Airline – SriLankan Airlines Ltd., Official Hospitality Partner – Shangri-La Colombo, Airline Partner – China Eastern Air Holding Co. Ltd.
Registrations for SLEIS 2026 are now closed. The Ceylon Chamber looks forward to welcoming participants to the discussions on Sri Lanka’s future trajectory on 12 and 13 October.
Commercial Bank of Ceylon has launched ‘Prestige’, a three-tier banking proposition aimed at high-net-worth (HNW) clients, combining wealth management, advisory services and lifestyle benefits.
The initiative replaces the bank’s existing ‘Elite’ private banking brand with Ruby, Sapphire and Diamond tiers, designed to cater to customers according to their wealth profiles and banking relationships.
The bank said Prestige would provide dedicated relationship managers, priority branch services, preferential rates on loans and deposits, enhanced card privileges, family banking programmes and offshore account solutions.
Its wealth and investment management services include access to capital-protected income solutions, dual-currency investments, institutional deals and estate and portfolio governance.
Clients will also have access to specialist financial and corporate advisory services, including assistance with international relocation, overseas property and capital repatriation.
The programme includes lifestyle benefits such as VIP airport lounge access, travel concierge services, property management and medical coordination, as well as access to selected art and culinary events.
The bank said its flagship Prestige banking residence at R.G. Senanayake Mawatha, Colombo 07, had been refurbished, with the service to be extended to other economically important cities.
Commercial Bank Managing Director/CEO Sanath Manatunge said Prestige was intended to support customers in managing their wealth, business interests, family needs and long-term legacy.
Existing Elite clients are being transitioned to the new programme, the bank said.
Ceylinco Life has rewarded 80 members of its sales force with overseas tours to Vietnam and China for their outstanding performance in the company’s 2025 sales competitions.
The group comprised 62 sales achievers who travelled to Vietnam and 18 who visited China.
The Vietnam tour included visits to Hanoi’s Ho Chi Minh Complex, One Pillar Pagoda, Tran Quoc Pagoda and Hoan Kiem Lake. The group also travelled to Ha Long Bay, where they went on an Aurora Cruise and explored attractions including Sung Sot Cave, Luun Cave and Titop Island.
The tour also featured a sunset party aboard the cruise, with music and refreshments.
The 18 achievers who travelled to China visited several of Beijing’s major historical and cultural attractions, including Tiananmen Square, the Forbidden City and the Summer Palace. They also took a boat ride on Kunming Lake.
A highlight of the China tour was a visit to the Mutianyu section of the Great Wall, including a round-trip cable car ride. The group also attended an acrobatic show at Chaoyang Theatre and visited the Panda Garden at Beijing Zoo.
The company said the tours were organised to recognise and reward sales personnel for their performance and achievements.
Rahmat, Malik fifties lead Afghanistan’s strong reply
Showers above 75 mm are likely at some places in the Western, Sabaragamuwa, Central, Uva and North-Western provinces and in Galle, Matara, Anuradhapura and Mannar districts.
Iranian ships stranded, Lanka fears US sanctions
Sri Lanka CERT warns of overseas university admission scams
Navi Pillay’s Lankan affairs in focus as she wins 2026 Nobel Peace Prize
Lanka welcomes Indian SC remarks on Katchatheevu dispute
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
News6 days agoGeneva takes up Sallay’s case and govt. ignores opportunity to answer accusations
-
Features5 days agoPreventing grievances from becoming communal
-
Features3 days agoThe Sri Lankan who made Scottish history
-
Sports3 days agoNissanka absence opens door for Sri Lanka’s young guns
-
News4 days agoGnansara Thera to be assigned to prison printing section: Officials
-
Features6 days agoSri Lanka Cricket Bill: Governance reform is not yet a cricket strategy
-
News2 days agoNDB fraud Rs 60mn more than reported
-
Features3 days agoFuture of Sri Lanka’s state university system: Should it be shut down and reopened?