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What inspired INSEE Cement to establish i2i collaboration space

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INSEE Cement’s Director – Productions and Solutions Portfolio Dr. Moussa Baalbaki

INSEE Cement’s Director – Productions and Solutions Portfolio Dr. Moussa Baalbaki recently gave an interview to the media on harnessing the potential of Sri Lanka’s construction industry to trailblaze the path to zero carbon emissions by 2050. The following are some excerpts from it.

Q. What inspired INSEE Cement to establish the i2i collaboration space and what makes it unique in the industry?

The inspiration behind the INSEE i2i (Innovation to Industry) collaboration space was our commitment to elevate the national construction industry through open innovation and collaboration. We recognized the need for a dedicated space where various internal and external stakeholders could come together to develop new products and solutions. What makes the i2i collaboration space unique is that it is the only facility of its kind in Asia, promoting cooperation among engineers, researchers, students, innovators, architects, academics, professional bodies, industry experts, and even competitors. This initiative is timely, addressing the rapid changes in the construction industry, which increasingly favours performance-based and sustainable designs.

Q. How has the i2i collaboration space contributed to the expansion of INSEE Cement’s products & solutions portfolio over the past few years?

The i2i collaboration space has played a pivotal role in expanding our products & solutions portfolio. Through i2i, we have introduced several innovative building materials under the SANSTHA brand. Over the past few years, we have successfully launched Superior Blended Cements, INSEE SANSTHA Mortar, INSEE SANSTHA Paint, and INSEE SANSTHA PVC products. These products are a direct result of the collaborative efforts and innovation fostered at the i2i collaboration space, enabling us to meet the evolving needs of the construction industry.

Q. Can you describe some of the key partnerships and collaborations that have been formed through the i2i centre?

The i2i collaboration space has facilitated numerous partnerships and collaborations. We have engaged with various industry stakeholders, including Siam City Cement’s business partners, local and international NGOs, government bodies, and academic institutions. These collaborations have been instrumental in promoting innovation and sustainability in Sri Lanka’s construction industry. For example, we have worked closely with universities to support PhD research on topics like sustainable concrete design and construction and demolition waste management.

Q. What role does i2i play in supporting Sri Lanka’s ambitious plans to achieve net zero carbon emissions by 2050?

The i2i collaboration space is integral to our efforts to support Sri Lanka’s green development agenda. Through this initiative, we are developing sustainable and efficient products, such as Superior Blended Cements, which reduce carbon emissions b per ton of cementitious material produced. INSEE Cement is also the first company in Sri Lanka to receive Environmental Product Declarations (EPDs) for its comprehensive cement product portfolio. These EPDs provide standardized and third-party verified information about the environmental performance of our products throughout their lifecycle, aligning with our commitment to achieving net zero carbon emissions by 2050.

How has the i2i collaboration space influenced industry practices and standards in Sri Lanka?

The i2i collaboration space has significantly influenced industry practices and standards in Sri Lanka by promoting higher quality and performance standards. Our state-of-the-art testing facilities and knowledge-sharing initiatives have elevated the local building materials industry to international best standards. The i2i collaboration space has also played a key role in advocating for sustainable and environmentally friendly construction practices, which has been recognized through awards such as the Green Industry Awards for low carbon and climate-resilient production.

Q. Can you elaborate on the research and development activities conducted at the i2i collaboration space?

The i2i collaboration space is equipped with modern equipment providing more than 40 different types of test modules for the construction industry. These include advanced testing methods for assessing the durability, chemistry, rheology, and strength of concrete. Key functional areas include the Durability Space, Chemistry and Rheology Space, Aggregate Space, and Strength and Wet Space. These areas allow us to conduct comprehensive research and development activities, ensuring that our products meet the highest standards of quality and performance.

Q. How does the i2i collaboration space engage with and benefit various industry stakeholders, including young engineers and academics?

As a market leader, INSEE Cement is committed to engaging and benefiting a wide range of industry stakeholders through the i2i collaboration space. We organize hybrid knowledge-sharing sessions that facilitate open discussion and promote new products and solutions. The centre also functions as an information library, offering mentoring and coaching on advanced concrete technology by INSEE experts. We invest in academic research, supporting PhD students working on innovative construction industry topics. The facility is accessible to university students, young engineers, and architects, providing them with a learning space to foster innovation in the construction industry.

Q. How do you see the i2i collaboration space evolving to meet the changing needs of the construction industry in Sri Lanka?

The i2i collaboration space will continue to evolve by embracing new technologies and methodologies to meet the changing needs of the construction industry. We aim to foster a culture of continuous improvement and collaboration, driving the development of advanced sustainable constructions. By engaging with a diverse range of stakeholders and creating an inclusive and inspiring environment, we are committed to building the future leaders of the industry. INSEE Cement will continue to lead by example, promoting sustainable development and contributing to the nation’s growth.



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David Pieris Group expands global footprint with investment in Dubai-based Navire Logistics

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The David Pieris Group continues to strengthen its international presence with the acquisition of 50% ownership in Navire Logistics Services L.L.C, (www.navirelogistics.com) a reputed logistics company based in Dubai and Oman. This strategic move marks a significant milestone in the Group’s journey towards expanding its operations beyond Sri Lanka and positioning itself in the international markets.

In Sri Lanka, the Group’s logistics arm, D P Logistics (Private) Limited (DPL), has already established itself as a comprehensive logistics solutions provider — covering warehousing, transportation, freight forwarding, project logistics, inland distribution and custom house brokering.

DPL currently ranks among the top ten players in warehousing and 3PL operations and holds one of the largest container fleets amongst the logistics companies in the country. Despite operating in a highly fragmented freight forwarding market, DPL continues to capture a growing share, reinforcing its reputation as one of the very few local companies with expertise across all logistics disciplines.

David Pieris Group also acquired in 2022, Pulsar Shipping Agencies (Pvt.) Limited, the shipping arm of Expolanka Holdings PLC to expand its Logistics & Shipping Cluster into ship agency, husbandry services and marine logistics.

Leveraging this strong domestic foundation, DPL has now extended its capabilities to the international stage through its partnership with Navire Logistics Services L.L.C. The company’s expertise in custom house brokering, freight forwarding, cargo consolidation, warehousing, and transport solutions will be integrated into Navire Logistics’ operations, enhancing service quality and efficiency across the Middle East and South Asia.

The investment also extends to operations in Oman through a fully owned subsidiary, with further expansion plans already underway to establish operations in Saudi Arabia, Thailand, and India — strengthening the Group’s regional logistics network.

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HNB strengthens national response to Cyclone Ditwah

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HNB Managing Director / CEO, Damith Pallewatte, hands over the donation to Secretary to the President Dr Nandika Sanath Kumanayake , HNB Chief Operating Officer Sanjay Wijemanne is also in the picture

HNB PLC has contributed of Rs. 100 million towards the Rebuild Sri Lanka Fund, reinforcing its commitment to national recovery efforts following the devastation caused by Cyclone Ditwah.

“On behalf of HNB, I wish to convey our solidarity with all our fellow Sri Lankans, especially those severely affected by Cyclone Ditwah. As a home-grown institution, our connection to the communities we serve runs deep. Many of our customers and colleagues have been directly or indirectly affected, and we are committed to standing with them during this difficult time and supporting them as they rebuild.”

“HNB’s contribution to the Rebuild Sri Lanka Fund is a sign of our commitment to this collective mission. We recognize that this is going to be a long and challenging process, but we stand ready and committed to support both the immediate and long-term recovery effort,” HNB Managing Director/ CEO, Damith Pallewatte stated.

Complementing its direct financial support to the Fund, HNB has also launched a nationwide disaster relief initiative as the first phase of a broader, coordinated response from the bank.

As part of the program, the Bank donated over 2,500 essential relief and nutrition packages to support displaced families, with the consignments formally handed over to the Sri Lanka Army to ensure structured, transparent, and equitable distribution across the impacted areas of Kandy, Gampaha, Kaduwela, and Hanwella, while separate packages were provided to affected employees to strengthen their personal recovery.

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ComBank ranked No 1 in Business Today’s Top 40 for 2024–25

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Sharhan Muhseen, Chairman, and Sanath Manatunge, Managing Director/CEO of Commercial Bank

The Commercial Bank of Ceylon has been ranked No 1 in the Business Today Top 40 for 2024–25, reaffirming its position as Sri Lanka’s best-performing bank and one of the country’s top five strongest corporate entities for the 17th consecutive year.

Business Today assigned the Bank an aggregate score of 37.65, placing it at the top of its latest ranking of leading Sri Lankan enterprises.

In its presentation of the rankings, Business Today described Commercial Bank as “a beacon of resilience and renewal after a defining year,” noting that 2024 was shaped by strategic transformation, disciplined execution, and unwavering commitment to long-term sustainable growth. The publication recognised the Bank’s strength across key business lines, its deepened customer focus, and a performance trajectory that reinforced its reputation as Sri Lanka’s most resilient and customer-centric financial institution.

Reflecting on the ranking, Mr Sanath Manatunge, Managing Director/CEO of Commercial Bank said: “Being ranked No 1 in the Business Today Top 40 is a powerful endorsement of the discipline, resilience and purpose with which we steered the Bank through a year of tough conditions and decisive transformation. Our performance in 2024 was defined by navigating turbulence without losing sight of our priorities: strengthening fundamentals, supporting customers, and preparing the institution for long-term growth. This ranking is not merely an award; it is confirmation that our strategy is delivering results and that the Bank is firmly positioned to contribute to national progress with renewed confidence.”

Business Today also highlighted the Bank’s record-breaking financial performance during the year. The magazine quoted Mr Sharhan Muhseen, Chairman of Commercial Bank as saying that the Bank had delivered the highest profits in its history, and attributing this outcome to a disciplined focus on efficiency, digital innovation, and customer-centred transformation. These qualities, the publication stated, enabled the Bank to strengthen its market position and make meaningful contributions to economic recovery.

Among the milestones recognised were an equity capital infusion of Rs. 22.54 billion through a rights issue and the raising of Rs. 20 billion in Tier II capital via a debenture issue.

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