Business
The Wurth Group sets historic records in 2021 fiscal year
According to the preliminary annual financial statements, the company generated sales of EUR 17.1 billion (2020: EUR 14.4 billion) corresponding to an increase of 18.5%, or 19.0% adjusted for currency effects. In, Germany, the Wurth group’s sales grew by 14.1 % to EUR 6.9 billion (2020: EUR 6.1 billion). With EUR 10.2 billion (2020: EUR 8.3 billion) the Wurth Companies abroad achieved even more successful results.
In Southern and Western Europe, the Group companies reported above-average growth rates, which were partly due to the very high sales slumps in 2020 in countries like Spain, Italy, and France caused by the Covid-19 pandemic. Adolf Wurth GmbH & Co. KG (AW KG), the parent company and the largest individual company in the Wurth Group, generated external sales of EUR 2.1billion (+11.3 %).
As per the preliminary annual financial statements, the operating result of the Wurth Group is clearly up on the previous year with EUR 1.2 billion (2020: EUR 775 million). Strong sales growth and higher productivity contributed significantly to the positive result, and in addition due to the pandemic, costs for travel, trade fairs, and conferences did not incur in 2021.
The number of pick-up shops worldwide has more than doubled to 2,497 in the past ten years. In the business year 2021, the e-business unit generated sales of EUR 3.4 billion, which corresponds to a new record with 19.9% of the Group’s total sales.
The group’s own production plants in Germany and Europe ensure certain independence from global supply chains. “This means that we do not depend on Chinese steel imports. Today, already 80 %of our goods originate in Europe,” says Robert Friedmann, Chairman of the Central Management Board.
In the third quarter of 2022, the new innovation center in Kunzelsau-Gaisbach will be opened with the aim of streamlining innovation cycles, bringing new and further developments to market more quickly, and offering customers even more solutions of added value.
Wurth Lanka – a wholly-owned subsidiary of Wurth International, was able to contribute to the above achievement by reaching up to a sales growth of 44% compared to the year 2021 through various sales strategies performed such as “Shop in shop concept”, “Weekend Wurth promotions” and “Corporate and non-Corporate sponsorship programs” etc.
Wurth Lanka began operations with a single employee in 1988 and now employs over 120 employees in various capacities including sales, services, and support. Wurth Lanka (Pvt) Ltd is a fully owned subsidiary of Wurth International, AG and belongs to Adolf Wurth GmbH, Germany-the parent company of the Wurth Group. Wurth is a Euro 14 billion Company and one of the largest international trading companies with more than 400 subsidiaries in 83 countries. With 89,183 employees worldwide, Wurth has the largest direct sales force – 33,000 around the world – to be closer to their customers.
Business
Ceylinco Life agent among three global finalists for award
Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.
The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.
Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.
The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.
The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.
Business
CEAT Kelani retains AA+ rating for sixth year
CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.
The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.
Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.
The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.
Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.
The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.
CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.
Business
Commercial Bank leads nationwide aquatic clean-up drive
Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.
Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.
The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.
Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.
The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.
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