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Lanka SSL strengthens its partnership with TATA Steel

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With an undisputed reputation in the steel industry, Lanka Special Steel Limited (Lanka SSL), a subsidiary of E. B. Creasy Group, stepped up to strengthen its longstanding partnership with TATA Steel Ltd’s Global Wire India (GWI), one of the world’s largest steel wire manufacturers with industrial facilities in India and Thailand.

Lanka SSL will be the sole agent and distributor in the country for all of its premium quality wire products, further expanding its existing portfolio.

The products now include High Tensile wire (HTS) used in concrete reinforcement of electric poles and pre-stressed concrete pipes, Prestress Concrete Strand wire used in pre-stressing concrete for constructing various types of structures, Spring wire for mattresses and body parts of motorbikes, Bead wire for tyres in automotive products, Shutter wire for roller gates, Heavy GI for Gabions and high value products.

Its steel wires being used across various industry segments ranging from construction, automotive and power to general engineering and retail. It takes pride in having supplied wires for many iconic structures across the world. GWI is a division of Tata Steel, one of the world’s most geographically-diversified steel producers.

With this strategic move, Lanka SSL will now ship and store its products in contrast to having to pre-order them. Customers can now seamlessly access these premium high-quality products with Lanka SSL taking all possible measures to assure its reach and availability in the market.

Anurag Pandey, Chief of Marketing and Sales said: “It is with great pleasure that we announce the new level of relationship with LSSL, one of the most respected and reputed companies, as our sole distributor in Sri Lanka. Tata Steel has a long serving history of strong channel presence in the retail and institutional segments which Global Wires India Division now seeks to extend and leverage in International markets”.

“With the appointment of LSSL as its sole distributor in Sri Lanka, the two decades of mutual trust between these two companies is further reinforced, besides opening up new avenues for business development, increase our market presence and significantly augments our customer serviceability in the market place, bringing us closer to the customers and market”, he further said.

“Our commitment to our customers lies in the offering of high quality products with differentiated top notch service levels which gets further strengthened with this strategic alignment with LSSL. My warmest congratulations to LSSL on this appointment and best wishes for greater success and continued improvement of our business relationship”, he added.

Pravin De Silva, CEO of Lanka Special Steel Limited, said “We are delighted to reinforce our successful partnership with a global leader in steel wires. Though we have represented as a local agent in the past offering a few of their products, we’ve now expanded to include all of its wire products as the sole distributor in Sri Lanka. This will be helpful to our customers in numerous ways to enhance their cost-effectiveness since material is readily available in Sri Lanka”.

Over the last sixteen years, Lanka SSL has been providing excellent customer service and superior products to its clientele, especially in the booming construction sector in Sri Lanka, making it a leader in the industry. LSSL has built their reputation with repetitive and loyal customers, and their highly qualified team. The team provides a well personalized and individualized approach to each order and each client, and continually strives to provide solutions to all their customer needs and requests.

Lanka SSL is an ISO 9001: 2015 and SLS 139: 2003 certified company.

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‘A supermarket in your pocket’

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For large corporates, understanding the pulse of one’s stakeholders assures longevity and relevance. From serving a few to serving many, Cargills has undergone numerous changes as a corporate entity throughout its rich history of over 175 years. Reflecting on its journey thus far, Cargills transformed from a primarily wholesale and retail business to a pivotal player across multiple sectors within the food and beverage industry in Sri Lanka.

From introducing the first bona fide supermarket, Cargills Food City which revolutionised modern retailing in the country, to acquiring long-standing food brands and elevating them to new heights, Cargills has never shied away from diving into new ventures.

At its core is a deep intrinsic understanding of its stakeholders, from farmers to customers across all 25 districts. While the looming pandemic in March 2020 sought to disrupt the normal, this same understanding, a pulse if you will, directed a new norm.

Like many other businesses, Cargills was compelled to adapt. While it has a wide network of supermarkets across the island which were in fact operational during this time, there were no customers to be served due to the imposed lockdown. Almost overnight, the Cargills Rewards website was transformed to a new system for customers to order their groceries. It was a simple solution, that leveraged its supply chain to help facilitate hyperlocal delivery for customer’s within a 5km radius of its outlets.

Furthermore, container trucks carrying well displayed groceries were dispatched to neighborhoods, pioneering Asia’s first mobile supermarket, ‘Cargills 2 Home’. This ingenuity was driven by the top brass, who too feel the pulse of their stakeholders and so brought the supermarket experience to the customer’s home.

(Cargills)

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Raddella Holdings launches first biotech insulin manufacturing plant in Sri Lanka

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Raddella Holdings introduce yet another revolutionary first with the launch of Sri Lanka’s first and only biotech insulin manufacturing plant. The recently concluded groundbreaking ceremony was held on September18, at the Koggala Export Processing Zone. The landmark event was attended by a host of dignitaries and guests including the State Minister of Pharmaceutical Production, Supply, and Regulation – (Prof.) Channa Jayasumana, Minister of Tourism – Prasanna Ranatunga, Minister of Plantation – (Dr.) Ramesh Pathirana, State Minister of Rural and School Sports Infrastructure Development – Thenuka Vidanagamage and many more.

The operation of the new plant will involve a joint venture between the Premium International Injectable Company (Pvt) Ltd, a subsidiary of Raddella Holdings and the State Pharmaceutical Manufacturing Corporation (SPMC). All new products manufactured as a result of this venture will be done under the SPMC brand name, with full government supervision.

The biotechnology manufacturing plant is a Rs. 3.5 billion, 100% local investment, which will employ over 200 specialized and highly trained professionals. All technology used in manufacturing will be state-of-the-art and conform to the highest tier of European standardization. This new plant has the capacity to meet 100% of projected local demand for next 15 years. The surplus produced thereafter will be exported and provide a valuable source of foreign revenue.

The new plant will utilize world famous SCADA systems to monitor and control the plant, all equipment, and the entire manufacturing process. This will guarantee the highest level of quality control, where all records of manufacture are completely automated and thus tamper-proof. Other quality control methods include adhering to the European Union Goods Manufacturing Practice (EUGMP), Good Manufacturing Practice (GMP), while also complying with the strict standards set by the World Health Organization (WHO).

The extensive planning for the plant happened over the last two years, in this time all designs, technology transfers, and specialist training have been completed, with all approvals and certification having been obtained. With construction completed soon, the plant will commence operations shortly.

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AIA Insurance Platinum Sponsor of Sri Lanka’s Most Admired Companies

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AIA Sri Lanka is proud to partner as Platinum Sponsor, The Chartered Institute of Management Accountants (CIMA) and the International Chamber of Commerce Sri Lanka (ICCSL) in presenting ‘Sri Lanka’s Most Admired Companies Awards 2020’.

This is the third year of the prestigious Awards ceremony for which AIA has been the Platinum Sponsor. The awards are intended at recognizing companies that are a cut above the rest in terms of not just their financial performance but also on the value they create in a sustainable and ethical way for their employees, customers, investors and the general community.

Companies that have been in business for over 5 years as at June 30 2020 and are 30% or more of Sri Lankan ownership are eligible to enter this Awards competition which is open to both listed and unlisted companies in Sri Lanka. (AIA)

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