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Macksons Paint Industries bags Gold Award

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Macksons Paints Industries (Pvt) Ltd, manufacturer of the popular brand of paint and coatings- Multilac, bagged the Gold award at the recently held annual export awards organised by the National Chamber of Exporters (NCE).

The NCE Export Awards recognizes and rewards exemplary Sri Lankan exporters while maintaining high standards and professionalism. Upon which they have recognised Macksons Paints for their efforts to boost the nation’s economy with their rapid progression in terms of innovation. They have been accredited as an organisation that has, since their inception brought great pride to the nation.

Speaking on their outstanding achievement, Director and CEO, Macksons Holdings, Shimmer Milfer stated: “Proudly Sri Lankan, yet renowned globally for international quality products, Multilac has always been at the forefront of innovation. It is our passionate drive, sustainability and diversity among the workforce that has led us to achieving great heights.”

“Multilac’s product range, has been developed to meet the constantly changing customer dynamics while specialising in surface coatings and high-quality paints which has enabled us to take on global giants while emerging as a trail blazer” added Milfer.

The award-winning company has also over 7000 dealers island wide and is the only paint company in Sri Lanka that exports the products manufactured entirely from and in the country. “Our future goals are to expand exports while diversifying the business and taking our name and through it our country onto the global platform” noted Director and Chief Executive Officer, Macksons Paints Lanka (Pvt) Ltd, Mizha Mizver Ismail.

Since its inception, Multilac has been honoured several times in recognition of its excellent accomplishments. The company was awarded the Export Brand of the Year, the Best Sri Lankan Enterprise and the Presidential Export Award, standing at the pinnacle as the largest paint exporter in Sri Lanka. With exports products ranging from paints and coatings, water proofings to sanitizers to countries including: Indonesia, Australia, India, the Maldives, Myanmar, Seychelles, Bangladesh and the Middle East, Multilac products have put Sri Lanka on the map in the surface coating industry. The research and production team of Multilac works with leading chemical giants such as Germany’s BASF, Clariant and Beyer, Dow, BYK chemie and Ferro USA ,

Multilac is the first paint brand in Sri Lanka to have obtained the Green Label Certification and have also been certified as lead-safe, by the IPEN Institute of America. They are the only company in Sri Lanka and the third company in the world to be certified, as lead safe by a prestigious institution such as IPEN USA.

Further due to the strict and stringent quality criteria that are adhered to during production, the company has also received the Quality Management System (QMS), Sri Lanka Standards (SLS) and the ISO 9001:2008 certifications as well.

Likewise, with the promise of uncompromising quality control, in conformity with ISO 14001:2015 quality management systems, that support consistent improvement, the company has since its inception succeeded in building innovative products.

While Europe, Asia & India as a whole have been fighting for their shelf space of our country’s paint industry, Multilac is proud to have countered these competitions, facing global challenges by swimming against the tide and setting new records for the Sri Lankan industrialists with the strong belief that the nation can achieve anything we put our hearts into. The company is now a testimony to this. It is this, that has made Multilac rise to the pinnacle.

Given their tremendous efforts to identify and develop overseas markets for Sri Lankan products, Macksons Paint Industries has previously received the Gold Award for Exports in 2015 and for the year 2014 as well. With its wide-ranging dealer network and innovative products, Sri Lanka’s Heritage brand Multilac has been at the forefront of the paint and coatings industry for the past 40 years. Thereby, this year’s achievement goes on to show how the brand has come along way to reach the pinnacle.

Macksons Holdings Chief Executive Officer Shimmer Milfer together with Mackson Paints Lanka Director and Chief Executive Officer Mizha Mizver Ismail represented the company at NCE awards and accepted the Gold Award. Macksons Paints Lanka Chief Operating Officers Ismail Hussain ,Sajjaad Saliheen and Macksons Holdings Vice president Nilrukshi De silva were also present at the event.



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HNB supports Sri Lanka Welfare Society of Blind Women

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Supporting the livelihoods of visually impaired women, Sri Lanka’s most customer friendly bank HNB PLC donated 300 white canes and dry ration packs to the members of the Sri Lanka Welfare Society of the Blind Women.

The donations made utilizing voluntary contributions gathered by HNB employees, were handed over to members of the Society at a special event at HNB Towers under the patronage of HNB Managing Director and CEO Jonathan Alles.

“HNB is proud to partner with the Sri Lanka Welfare Society of the Blind Women to serve the visually impaired women of the country. Our goal is to do our part in ensuring they are given opportunities, recognition and respect that are equal to every other citizen, and we hope that partnerships of this nature will pave the way for a more inclusive and caring society,” HNB Managing Director and CEO, Jonathan Alles said.

With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks, having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. Over the recent past, the bank was ranked among the World Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine. HNB has a national rating of AA- (lka) by Fitch Ratings (Lanka) Ltd.

HNB was also declared Best Sub-Custodian Bank in Sri Lanka at the Global Finance Awards 2020, in addition to winning the coveted Best Retail Bank in Sri Lanka Award for the 11th time at the Asian Banker Awards 2020, in recognition of its sustainable growth and continuous improvements in processes, products and services amidst a challenging macroeconomic environment.

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Rizing, LLC acquires attune Lanka from MAS Holdings

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MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) Limited by Rizing, LLC. Rizing is a privately held, US-based boutique firm specializing in providing SAP solutions for Consumer Industries, Enterprise Asset Management and Human Capital Management worldwide.

In 2018, MAS Holdings completed an assignment with a leading global consultant to develop a long-term strategic plan, which identified areas of growth based on its core competencies and in the adjacent areas of Femtech and Wearable technology. The divestment of attune was an outcome of this plan, with the intent of finding the right partner for the Company to enable it to scale and grow.

This is a significant investment in a Sri Lankan-owned global technology firm by a company that is backed by a large private equity fund from the US, which will undoubtably help attune to scale and strengthen its business in the years to come.

“The acquisition by Rizing ensured that attune would benefit from Rizing’s global scale and expertise, and that their customers and employees continue to thrive as part of a leading solutions provider in the fashion and consumer industries” stated Mahesh Amalean, Chairman MAS Holdings. He also added that MAS would continue its close partnership with Rizing and attune in terms of the ongoing implementation and support for SAP products and services across MAS SBU’s in Sri Lanka and overseas.

Mike Maiolo, CEO of Rizing stated that “Customers from both organizations benefit from this partnership. Now two of the top SAP partners in Consumer Industries and Fashion are a united force to deliver unmatched value through combined experience, expertise and scale”. A leading provider of systems solutions and implementation services for SAP and with offices in North America, Europe, Asia and Australia, Rizing is headquartered in Stamford, Connecticut, and has been on an aggressive mergers and acquisitions plan since 2018, acquiring several US-based and global firms.

“This merging of Rizing’s and attune’s industry knowledge and experience will provide our long-term valuable clients with access to exciting new technologies and talented resources” said Vajira de Silva, the CEO of attune, adding that “The strength of the combined companies will allow us to grow into new markets and augment our products and services to better address the needs of existing and new clients”. attune Lanka has subsidiaries in India, Australia, China, HK, Italy, Germany, UK, US and Netherlands, with over 500 employees worldwide.

Standard Chartered Bank’s global M&A advisory team acted as the sole advisor to MAS Holdings on this transaction.

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People’s Insurance enters Medical Insurance market with ‘the most comprehensive medical insurance cover available in Sri Lanka’

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In an unprecedented effort to enhance its product offerings to customers across Sri Lanka, People’s Insurance PLC recently announced its plans to diversify into the health insurance space of the country. This strategic move to establish its presence as a health insurance provider builds on the well-established public image of People’s Insurance as the insurer who cares with love.

As the market is already heavily saturated with health insurance products offered by the competition, Peoples Insurance had the strategic objective of offering a product to make them stand out from the rest. Following a customer first approach, the insurer has decided to be a step above its competitors by offering a highly comprehensive medical insurance cover available in the country.

Citizens of Sri Lanka and those individuals who currently reside in the country are eligible to obtain a medical insurance cover from People’s Insurance. Individuals can be covered from their 5th birthday onwards. However, infants from the age of 3 months can also be protected by these covers provided that their parents have a medical cover from People’s Insurance too.

Jeevani Kariyawasam, the Head of Operations at People’s Insurance PLC commented on this new development, “When People’s Insurance PLC began to contemplate our entry into the health insurance sector, we knew we had to be different. As we are known as the only insurer who cares with love, our health insurance product had to reflect this strongly. Due to this, we decided to position ourselves as an insurance provider with a highly comprehensive product in the health insurance space. With affordable premiums, we have made every effort to ensure that Sri Lankans can enjoy the peace of mind that health insurance brings about.”

Medical schemes will vary from Rs. 100,000 to Rs. 2 million and premiums will depend on the sum insured, along with the customer’s age band. It is also noteworthy that the geographical scope of treatment extends beyond Sri Lanka and into India as well. Costs related to ambulance call outs, inpatient proceedings, surgical treatments, pharmaceuticals, diagnostics and pre and post hospitalization expenses are just a few of the areas that this comprehensive product covers.

As People’s Insurance PLC has a trusted and well established name in the minds of Sri Lankan customers, it is expected that their entrance into the medical insurance sector will be welcomed by citizens across the island. With the underlying goal of caring for its customers beyond anything else, this new development will allow for more Sri Lankans access to proper healthcare services. This decision truly resonates with a purpose beyond profit initiative.

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