Puritas Sath Diyawara wins two awards at Asia Responsible Entrepreneurship Awards – 2016
Puritas Sath Diyawara – Flagship CSR project of Haycarb Group, won two prestigious awards at the recently concluded Asia Responsible Entrepreneurship Awards (AREA) – 2016. Ceremony was held at The Resort World Senthosa, Singapore.
The initiative emerged as a winner under Health Promotion category recognizing for its efforts towards Sri Lankan farming community in eradicating Chronic Kidney Disease (CKD). In addition to this, ‘Going Beyond’ – affiliate broad spectrum community development project of Puritas Sath Diyawara was also awarded under Social Empowerment category.
Puritas Sath Diyawara – Drinking water based community development project serves more than 25,000 people living in fifteen villages in Anuradhapura, Polonnaruwa, Vavuniya and Mullaitivu districts. So far, there are 11 drinking water treatment systems established along with innovative distribution mechanism, generating over 110,000 litres of drinking water. Selected projects include a library and an internet centre, model organic farm and awareness sessions organized for boosting domestic entrepreneurship.
‘Going Beyond’ strives to address the broader socio-economic needs of the people living in affected villages where Hayleys Group sectors invest in the water purification projects through knowledge dissemination and empowerment. Key Initiatives carried out through this include provision of infrastructure & facilities for school children, empowering youth and women, build awareness of sustainable ways of waste management/re-greening villages and uplifting domestic entrepreneurship.
The Hayleys Group sectors plan to extend its Corporate Social Initiatives (CSI) in these villages in a meaningful and proactive manner to ensure uplifting of the livelihood of the villagers by going beyond the basic necessity to provide purified drinking water.
This is the second consecutive occasion Puritas Sath Diyawara was recognized by Enterprise Asia where in 2015 the initiative won the accolade under SME CSR category.
Asia Responsible Entrepreneurship Awards recognizes and honours the best and most deserving Asian Businesses for championing sustainable and responsible entrepreneurship. Emerging as winner of this award is a recognition and independent endorsement of the winners’ organizational efforts to creating a culture of compassion and integrity. Award ceremony is organized by Enterprise Asia, a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development.
Visit us at Aquatech China 2016!
Visit us at Aquatech China 2016!
We're at Stand No. 1594!
Our team at Aquatech China 2016!!
Haycarb records turnover of USD 39 million and PBT of USD 2.9 million for 1H 2015/16
The Sri Lankan multinational Haycarb PLC reported a revenue growth of 6% to USD 39 billion and profit before tax of USD 2.9 million for six months ending 30th September 2015. The profit after tax stood at USD 2.5 million.
Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said, “Even though the raw material prices in Sri Lanka stabilized in the first half of the year, the current trend of increasing raw material prices in India, Sri Lanka and Indonesia, difficulty in sourcing adequate quantities of raw material at competitive prices and the intense competition in global markets due to the depressed gold industry and competition from low cost manufacturers from Philippines, India and Indonesia remain key challenges.” Haycarb has launched initiatives to strengthen raw material supply chain networks and build partnerships through providing technology and funding of environment friendly charcoaling technology in Sri Lanka and overseas.
He further noted that the lean initiatives implemented last year targeting increases in throughput and energy saving projects impacted the bottom line favourably in the 1H of 2015/16. The new product development and commercialization resulted in the addition of several new products and accounts to the sales portfolio that further helped to preserve overall margins. Mr. Kariyawasan stated that Haycarb Group will continue to focus on product and process improvements through its Lean Projects and R&D initiatives in 2015/16.
Puritas (Pvt.) Ltd, the environmental engineering arm of the Group is successfully expanding in to other countries in the region and Mr. Kariyawasan said that significant growth is expected from this segment of the business in the medium term.
Mr. Kariyawasan added that the Company remained confident of the medium to long term outlook of the industry and Haycarb’s role and positioning as a leading player in activated carbon solutions and purification systems. The competitiveness & reliability of its supply chain, focused marketing initiatives in key segments and geographies, continued efforts on value added carbons combined with rapid expansion of its environmental engineering arm is key to its longer term growth and sustainability.
Haycarb records turnover of USD 21.6 million and profit before tax of USD 1.6 million for Q1 2015/16
The Sri Lankan multinational Haycarb PLC reported revenue of USD 21.6 million, and profit before tax of USD 1.6 million for the first quarter of 2015/16. The profit after tax was USD 1.4 million.
Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that the downturn in the gold mining industry coupled with significant depreciation of currencies in key markets of Europe, Japan and Australia have posed a significant strain to protect margins. The low cost competition from smaller manufacturers in Philippines, Indonesia and India and continued difficulties in charcoal procurement especially in Sri Lanka has resulted in a very challenging period in the near term.
Against this back drop, Haycarb Group will focus on lean initiatives to achieve cost savings and pursue its strategy of increasing its market share in the value added carbon segment. At the same time significant thrust is made to increase our direct marketing presence in the USA, through our new structure at Haycarb USA. Mr. Kariyawasan further added that growth in its environmental engineering arm Puritas (Pvt.) Ltd. is expected to contribute more to the profitability of the Group.
Mr. Kariyawasan stated that the company remained positive of its outlook in the medium to long term, given its strength and position in the industry as a leading manufacturer of high quality carbon and provider of purification solutions whilst leveraging on the growth potential of the activated carbon industry against the backdrop of increasing emphasis on environmental sustainability world-wide.
Recent News
- Haycarb Trades Carbon Credits under Kyoto Protocol
- ‘Puritas Sath Diyawara’ opens a Reverse Osmosis Plant for CKD affected villages in the North Central Province
- Veolia Water - Hayleys commission a pioneering centralised treatment plant in Passikudah
- Haycarb records turnover of USD 90.8 Mn and profit before tax of USD 8.1 Mn for 2014/15
- Hayleys Group CKD – CSR Water Initiative “Puritas Sath Diyawara” wins prestigious Asia Responsible Entrepreneurship Award 2015
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Haycarb PLC is the world's leading manufacturer and marketer of coconut shell based activated carbon solutions. We have over 35 years of experience...
View on YoutubeHayleys is one of Sri Lanka's largest multinational business conglomerates with a history spanning 134 years. We drive a globally competitive busin...
View on YoutubeHayleys is one of Sri Lanka's largest multinational business conglomerates with a history spanning 134 years. We drive a globally competitive busin...
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