27 youth complete Aitken Spence School of Hospitality training supported by Care International

27 Feb

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Twenty seven youth from Sri Lanka’s Southern province successfully completed their first section of hotel industry training by the Aitken Spence School of Hospitality. Commemorating the event, an award ceremony was held on the 13th of February 2015 for the handing of certificates. The training for the students were financially supported by CARE International while all resource personnel and logistical support for this endeavor was provided by Heritance Ahungalla.

As part of a joint initiative between CARE International and Aitken Spence School of Hospitality; the three-month training programme was aimed at enhancing employment opportunities for underprivileged youth. The course module designed as per ILO Certified Standards and incorporated by the Sri Lanka Institute of Tourism and Hotel Management is registered with the Tertiary and Vocational Education Commission. The training will be followed with industry placement at the Aitken Spence Group of Hotels, thereby giving students the opportunity to gain first-hand industry experience.

Student K.L. Dimuthu Madushan received the award for the ‘Most Outstanding Student’ of the batch. Dimuthu also bagged the award for the ‘Best Student – Food and Beverage Services (Theory)’ while D.S.S.K Silva obtained the award for the ‘Best Student – Food and Beverage Services (practical)’ category. S. A. Nilushika Udayangini received the award for ‘English Language’.

To mark the occasion for the handing of certificates, Mr. Jeevaka Weerakone Assistant Vice President, Human Resources /Training & Development of Aitken Spence Hotel Managements, Mr. Refhan Razeen Executive General Manager- Heritance Ahungalla, Mr. Gregory Brady Country Director, CARE Sri Lanka, Ms. Lahari de Alwis CARE SL Private Sector Manager, Ms. Shivani Fernandez CARE SL Senior Programme Coordinator, Sujeewa Jayamanne Country Representative Diageo -Faculty and Resource Personnel were present together with the staff from both Aitken Spence Hotel Managements and Heritance Ahungalla alongside with the students’ parents.

Elaborating on the benefits of the training; Mr. Jeevaka Weerakone, stated, “An opportunity has been provided for a new generation of people. The hospitality industry is important for the future of Sri Lanka and is one of the largest contributing employers to the economy. This sector provides opportunities globally and these students have now received the foundation for it. If one works with honesty, commitment, discipline together with a genuine desire to improve one’s self, then anything is achievable”.

Since its inception in 2007, a total of four hundred youth have benefited from the Aitken Spence School of Hospitality programme; with this being the 10th batch of students to successfully complete it. The initiative also placed special priority on encouraging female youth, in hope to boost and promote further female employ ability in the tourism sector.

Aitken Spence Information Technology Division Secures ISO 27001: 2005 Certification

14 Feb
(L-R) Mr. Keethi Jayaweera - Managing Director of Aitken Spence Aviation, Mr. Rohitha Rajaratna - Vice President - Engineering of Aitken Spence Hotel Managements, Mr. Vipula Gunatilleka - Chief Corporate Officer of Aitken Spence Group Ltd, Mr. Mihiran Fonseka - General Manager of Group IT Division and Mr. Rohith De Costa - Vice President - Internal Audit & Risk of Aitken Spence Corporate Finance (Pvt) Ltd together with the Steering Committee.

(L-R) Mr. Keethi Jayaweera – Managing Director of Aitken Spence Aviation, Mr. Rohitha Rajaratna – Vice President – Engineering of Aitken Spence Hotel Managements, Mr. Vipula Gunatilleka – Chief Corporate Officer of Aitken Spence Group Ltd, Mr. Mihiran Fonseka – General Manager of Group IT Division and Mr. Rohith De Costa – Vice President – Internal Audit & Risk of Aitken Spence Corporate Finance (Pvt) Ltd together with the Steering Committee.

Aitken Spence Information Technology division successfully attained the International Organization for Standardization certification (ISO 27001: 2005), earning the prestigious accreditation after nearly a year of independent, external assessments. The ISO 27001:2005 certification offers organizations with an internationally recognized, independently verified standard that showcases that a company is able to securely succeed information security, retaining confidentiality, integrity and availability of all data.

By being compliant with the ISO 27001: 2005 standard Aitken Spence Information Technology division has proven that it has its appropriate processes secured on the handling of its data and the data of its customers –ensuring that their critical information is both safe and readily accessible.

“As a diversified conglomerate we are well aware of the importance of Information Security and Audit role in an organization. It is important that we use technology to facilitate the growth and expansion of our businesses. It is vital for us to have the right practices embedded into our culture in protecting our stakeholder information assets.

I am confident this accreditation would be the first few steps of a long journey. I have high expectations and trust in the governance of information protection at Aitken Spence.” Noted, Deputy Chairman and Managing Director of Aitken Spence, Mr. J.M.S. Brito congratulating the team’s achievement.

Mr. Vipula Gunatilleka, Chief Corporate Officer commenting on the achievement said “I take this opportunity to congratulate, Aitken Spence IT and other support teams for all their efforts towards securing the ISO 27001 – which is considered as the highest accreditation for information protection and security globally. This certification is a true reflection of our commitment towards protecting the rights of our stakeholders and it endorses our commitment towards adopting and complying with the highest standards in information security to protect the confidentiality and integrity of data and information within Aitken Spence. Data and information is considered as the most valuable assets in a modern business and having the ISO certification would provide Aitken Spence with a tremendous advantage over and above our competitors.”

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Aitken Spence PLC is among Sri Lanka’s leading and most respected corporate entities with operations in South Asia, the Middle East, Africa and South Pacific. It is an industry leader in hotels, travel, maritime services, logistics, power generation and printing, with a significant presence in plantations, financial services, insurance, information technology and apparel.

Aitken Spence 9-Month Results Steady

11 Feb

Aitkenspence head office

Leading conglomerate Aitken Spence PLC recorded a challenging third quarter but showed a steady performance for the nine months, revealed its interim results to the Colombo Stock Exchange (CSE) released on Wednesday.

The blue-chip’s financial results for the nine months ended 31st December 2014 saw profit-before-tax increasing by 4.4 per cent to Rs. 3.8 bn while profit attributable to shareholders decreased by 4.8 per cent to Rs 2.2bn,

The diversified group’s third quarter results showed profit-before-tax decreasing by 5.9 per cent to Rs. 1.6bn and profit attributable to shareholders falling by 19.5 per cent to Rs. 870mn, “Although we had a challenging third quarter, we were able to record a steady performance for the year so far”, said J M S Brito, Deputy Chairman and Managing Director of Aitken Spence PLC.

“With the new administration in Sri Lanka, we see a significant boost to business confidence. We are confident that the 100-day plan which has received bi-partisan support will strengthen good governance, which augers well for much needed healthy foreign investment to the country” Mr. Brito added.

Profit before tax from the tourism sector was up by 3.5 per cent to Rs. 2.5bn while revenue rose by 7.2 per cent to Rs. 12.4 bn, for the nine months. Aitken Spence operates a wide portfolio of hotels and resorts in Sri Lanka, Maldives, India and Oman. Its travel arm, the largest in Sri Lanka, is a joint venture with TUI Travel. It also acts as GSA for major airlines in Sri Lanka and the Maldives.

The Group’s Hotels arm is currently overseeing two large hotel projects in Negombo and Ahungalla.

Maritime& Logistics sector recorded Rs. 525 mn as profits-before-tax, a decrease of 2.8 per cent over the previous year, while revenue was up by8.5 per cent to Rs. 5.2 bn. Aitken Spence is Sri Lanka’s largest integrated logistics services provider and has port management services in Africa and the South Pacific.Port operations in Fiji contributed significantly to the sector profits with the company achieving high efficiency levels in the ports of Suva and Lautoka.

Strategic investments sector showed a rise of 32.7 per cent in profits-before-tax and 10.1 per cent in revenue, to Rs. 695 mn and Rs. 10.6bn respectively, for the period under review. Power, printing and garments businesses performed better than last year during the nine months, with investments in new machinery and expansion of manufacturing facilities.

The Group’s services sector saw profits-before-tax falling by 42.4 per cent to Rs. 104 mn and revenue rising by 14.4 per cent to Rs. 607mn. The services sector includes financial services, insurance, elevator agency and technology businesses.The fairly nascent technology business accounted for a significant share of the losses in the services sector.

Aitken Spence Launch Brand Fiji Ports

11 Feb

Fiji Ports

Aitken Spence-run Ports Terminal Limited which operates Fiji’s two main ports has been rebranded as Fiji Ports recently at an event attended by senior government and Aitken Spence officials.
Minister of Finance and Public Enterprise Aiyaz Sayed-Khaiyum who attended the launch commended the efforts by Aitken Spence PLC in honouring the partnership with the Fiji Government by improving services and operations at the two major ports in the country.
Aitken Spence entered into a public-private partnership with Fiji Ports Corporation acquiring 51 per cent of the shares in Ports Terminal Limited in 2013 to oversee the repair and operation of the ports of Suva and Lautoka.
Deputy Chairman and Managing Director of Aitken Spence PLC J M S Brito and Chairman & CEO of Aitken Spence Maritime & Logistics Dr. Parakrama Dissanayake attended the launch.
“It has been a wonderful partnership, it has been a wonderful collaboration which has the levy that had been charged on containers coming into Fiji being lifted now which not only has financial benefits for exporters but also for importers”, said the Minister of Finance and Public Enterprise Aiyaz Sayed-Khaiyum.
“It also came as Government’s faith in Aitken Spence PLC, through the Public-Private-Partnership continues to be vindicated. Enormous achievements have been made by this management company”, he added.
Deputy Chairman and Managing Director of Aitken Spence PLC, J M S Brito said, “We are pleased to show significant positive results to the Government of Fiji since our investment in the ports of Suva and Lautoka. We are exploring investment opportunities in hotels, power generation, printing and other sectors where we have decades-long experience and expertise”.
Aitken Spence Maritime & Logistics Chairman & CEO and Director of Aitken Spence PLC Dr. Parakrama Dissanayake speaking at the launch reiterated company’s commitment to stakeholders present at the event.
“When you have the right product, we can launch a marketing campaign to boost volumes thereby attracting new shipping lines. And when you have more shipping lines, you will have more capacity and when you have more capacity, the freight rates are bound to go low. This would boost exports and imports and generate more employment and enable Fiji to become the hub of the South Pacific”, said Dr. Dissanayake.
“In Sri Lanka, we say port is the heart of the nation. And when you have an efficient port blessed with the right location like Fiji’s, you would establish not only a maritime hub but also aviation and a logistics hub”, he added.
Aitken Spence PLC is among Sri Lanka’s most dynamic and respected corporate entities with operations in South Asia, the Middle East, Africa and the South Pacific. Listed in the CSE since 1983, it has major interests in hotels, travel, maritime services, logistics and power generation. The group also has a significant presence in plantations, printing, garments, financial services, insurance and information technology.

Aitken Spence Printing Receives International Recognition with an Integrated Management System

22 Jan
Certification awarded by Bureau Veritas Lanka (Pvt) Ltd to Mr. Brito, Deputy Chairman & Managing Director, Aitken Spence PLC  and Mr. Prasanna Karunathilake, Managing Director of Aitken Spence Printing

Certification awarded by Bureau Veritas Lanka (Pvt) Ltd to Mr. Brito, Deputy Chairman & Managing Director, Aitken Spence PLC and Mr. Prasanna Karunathilake, Managing Director of Aitken Spence Printing

Industry leader, “Sri Lanka’s Master Printer”, Aitken Spence Printing’s further strengthened its leadership in the region with international benchmark in certification for integrated management system (IMS) in compliance with ISO 9001:2008, ISO 14001:2004 and BS OHSAS 18001:2007. The comprehensive audit was carried out and certification was awarded by Bureau Veritas Lanka (Pvt) Ltd.

Previously the Company’s 77,000 sq. ft. new facility spread over 3.4 acres on the outskirts of Colombo with modern technological and sustainable features was awarded LEED-NC: GOLD Certification under the newly established campus category, by the U.S. Green Building Council.

‘We recognize IMS is well-aligned with our long-standing commitment to sustainability and with our reputation for providing the industry with the best and most innovative solutions in sustainable printing and packaging. We believe in an adaptive manufacturing style that will continuously help us to grow by developing differentiated, practical, and ingenious solutions while building lasting customer relations” said Mr. Prasanna Karunathilake, Managing Director of Aitken Spence Printing.

The only Sri Lankan organization to be selected as a finalist at the ‘Sustainable Vendor Award 2014’ at the Fonterra Vendor Awards & International conference in New Zealand in year 2014, the Company continues to be internationally recognized for its commitment to sustainability. The awards are presented to exemplary organisations that consistently demonstrate outstanding success in their work in the criteria of commitment, potential benefits, innovation and best practice, and ease of implementation.

Noting on emerging as a finalist Mr. Prasanna Karunathilake added “We are pleased to place Sri Lanka in the global map for sustainable printing and packaging solutions. It’s extremely rewarding to see how our company has evolved quickly to a sustainable printing and packaging solution partner internationally”.

“Having grown along with our success, we are committed to sharing and supporting local communities and industries in Sri Lanka” He further added.

Such an initiative was recently concluded with the re-establishing and refurbishing deaf & blind school’s offset printing unit. The school enables care to over 400 students who are now able to access the renovated facility that was in dilapidated condition. Further the Company has arranged tailor-made training programmes for differently-able students and recruited an individual.

Ms Andrea Gregory – Director - Group Procurement of Fonterra, New Zealand handing the Finalist award for ‘Sustainable Vendor Award 2014’ to Mr. Prasanna Karunathilake Managing Director of Aitken Spence Printing, with Mr Murray Bays – Regional Procurement Manager Fonterra, New Zealand and Rohana Navaratne , Assistant Vice President, Aitken Spence Printing.

Ms Andrea Gregory – Director – Group Procurement of Fonterra, New Zealand handing the Finalist award for ‘Sustainable Vendor Award 2014’ to Mr. Prasanna Karunathilake Managing Director of Aitken Spence Printing, with Mr Murray Bays – Regional Procurement Manager Fonterra, New Zealand and Rohana Navaratne , Assistant Vice President, Aitken Spence Printing.

The Printing facility’s surrounding – the Mawarmandiya community is constantly engaged through creation of job opportunities for the youth, while providing English and Computer training programmes for the children through the parent company’s initiative – ‘Empowering Sri Lanka First’ (ESLF).

The Company continues to invite scholars to factory in order to study, evaluate and understand best practices and sustainable initiatives followed by the organization.

With a heritage spanning over five decades, Aitken Spence Printing is known as an innovative quality printing and packaging solutions provider for prestigious international brands in fast moving consumer goods, tea, confectionary, cosmetics, pharmaceuticals and apparel industries locally and globally. It is also recognized as top quality printer for corporate reports, coffee-table books, magazines and other high-end publications.

Aitken Spence Hotels Bags Gold Once Again at the 50th CA Annual Report Awards

10 Jan

Aitken Spence Hotel Holdings PLC emerged victorious once again walking away with the Gold Award in the Hospitality Sector category at the prestigious of Chartered Accountants Annual Report Awards.

The golden jubilee of the annual report awards was held recently at the Nelum Pokuna Mahinda Rajapaksa Theatre. The competition which covers 22 sectors from small business categories such as NGOs, clubs, associations to large conglomerates had a total of 130 organisations submit their annual reports for the coveted awards this year.

The annual competition formulated to encourage transparency and accountability in financial reporting in the corporate sector recognizes companies which have demonstrated excellence in transparency, accountability and good governance via their annual reports. The evaluations were conducted under a stringent three stage system where the shortlisted reports were subjected to an industry expert panel review; the reports selected for the final stage were evaluated by a final panel of judge’s chaired the Central Bank Governor.

Mr. Susith Jayawickrema, Managing Director & Mr.Tilak Gunawardana, Vice President, Finance accepting the award & certification

Mr. Susith Jayawickrema, Managing Director & Mr.Tilak Gunawardana, Vice President, Finance accepting the award & certification

Sustainability, transparency and accountability are stringently practiced at Aitken Spence Hotels and winning this accolade provides a clear indication on its commitment to report on its economic, social and environmental impacts. “We see corporate sustainability as part of our core business strategy and ensure that our commitment is filtered down to every operation. This commendation reflects Aitken Spence Hotels’ track record of commitment to corporate accountability and championing sustainable tourism by producing industry best practices. We will continue to stay committed to delivering exceptional sustainable experiences to our guests whilst continuing to our stringent practices in corporate governance”, said Mr. Susith Jayawickrama, Managing Director, Aitken Spence Hotels.

Aitken Spence Hotels manages a portfolio of hotels and resorts in Sri Lanka, Maldives, India and Oman. The company’s expertise in hotel design, building and management is complimented by its dedication and commitment to excellence. Located in some of the key tourist locations, each of the properties cater to a diverse client base.

Aitken Spence Brings Brazil’s Leading Tour Operators to Sri Lanka

5 Dec

Twelve leading tour operators and destination promoters from Brazil arrived in Sri Lanka on a week-long familiarization tour sponsored by the country’s largest destination management company, Aitken Spence Travels.
The tour is being jointly organized by the Sri Lanka Embassy in Brazil and Aitken Spence Travels. The operators visiting Sri Lanka are amongst largest members of BRAZTOA, the umbrella organization of travel companies in South America’s largest nation.

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“Brazil is one of the emerging economic giants with a population that is becoming increasingly global in its outlook, with corresponding growth in international travel. It is in the long-term interest of Sri Lanka to develop a healthy mix in its tourist portfolio. Over the last decade we have been aggressively targeting new markets for Sri Lanka which we believe has contributed to only our growth as a company but to Sri Lanka as a destination”, said Nalin Jayasundera, Managing Director of Aitken Spence Travels.
Aitken Spence Travels is joint venture between the world’s leading travel company TUI Travel PLC and local conglomerate Aitken Spence PLC.
During the eight day familiarization programme organized by Aitken Spence Travels, the Brazilian tour operators will have the opportunity of visiting many of the islands key tourist hotspots, including the Cultural Triangle, Pinnawela Elephant Orphanage, tea plantations in Nuwara Eliya, Yala National Park, Galle and the south west coast.
The visiting party were hosted for a welcome dinner at the Taj Samudra Colombo on Wednesday the 3rd of December. The Brazilian representatives were met by the Chairman of Aitken Spence PLC Deshamanya D H S Jayawardena, Sri Lanka’s Ambassador to Brazil Raja Edirisuriya, Aitken Spence Deputy Chairman & Managing Director J M S Brito, Managing Director of Aitken Spence Travels Nalin Jayasundera, Vice President/COO of Aitken Spence Travels Tikiri Ellepola and Area Director Sri Lanka & General Manager Taj Samudra Rohit Khosla.
Sri Lanka’s Ambassador to Brazil, Raja Edirisuriya said that attracting Brazilian tourists is only a matter of making them aware of the uniqueness of Sri Lanka as a tourist destination. He was optimistic that tourist arrivals from Brazil can be increased substantially if an effective promotional campaign is launched.
With increasing disposable income, Brazil is becoming an important source for global tourism, especially for Asian countries. According to Euromonitor International, the number of outbound tourist trips from Brazil continued to increase strongly in 2013, growing by more than 12% to reach 9.1 million trips. This increase was well above Latin America´s average of 7% for the same year.
Asia has become one of the new destinations for many Brazilians and an increasing number of tourists visit Asian countries every year. Thailand alone receives more than 40,000 tourists from Brazil annually, leading Brazilian tour operators, said that Sri Lanka will be a highly demanded destination by many Brazilians in years to come.

Aitken Spence Enhances Efficiency at Fiji Ports

13 Nov

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Since taking over management control of the International Fijian ports of Suva and Lautoka in July last year Aitken Spence has increased ship crane productivity by 70 per cent.

Aitken Spence has also reduced berthing delays from between 12 to 18 hrs to 0.50 hrs on average while equipment downtime has been reduced by 60 per cent.

The substantial efficiency improvements were highlighted by Chairman/CEO of Aitken Spence Maritime, Logistics & Cargo and Director of Aitken Spence PLC, Dr Parakrama Dissanayake, in his address at the 39th Pacific Maritime Transport Alliance Conference held in the island country of Niue from 28th – 31st October 2014. The conference themed “Our Pacific shores, the waves of possibilities’ was attended by 26 countries in the South Pacific including Australia and New Zealand.

Marking the first ever public-private partnership by a Sri Lankan company, Aitken Spence entered into a public-private partnership with Fiji Ports Corporation acquiring 51 per cent of the shares in Ports Terminal Limited in 2013 to oversee the repair and operation of the ports of Suva and Lautoka.

Aitken Spence PLC is among Sri Lanka’s most dynamic and respected corporate entities with operations in South Asia, the Middle East, Africa and the South Pacific. Listed in the CSE since 1983, it has major interests in hotels, travel, maritime services, logistic solutions and power generation. The group also has a significant presence in plantations, printing,garments, financial services, insurance and information technology.

“We are confident the private-public partnership would result in the establishment of Fiji as the gateway to the Pacific” said Dr. Dissanayake.

“We will bring in the global best practices in human resources and the processes in the system and also in the sphere of having the right machinery to having the right level of productivity,” he added.

The Pacific Maritime Transport Alliance Conference emphasized the importance of safety and security of all ships navigating the vast Pacific Ocean for maritime transportation and trade within the region.

The conference provided an opportunity for port members from the Pacific Island countries and territories to share ideas, enhance understanding and promote co-operative approaches to the achievement of conference.

The conference noted that in order to improve safety and security, ports and infrastructure providers need to embrace a business outlook,with operation and service strategies that adhere to legislation and encourage improved performance.

Aitken Spence 6-month PBT Up by 13pc

11 Nov

Diversified conglomerate Aitken Spence PLC posted a pre-tax profit of Rs. 2.29 bn for six months ended 30th September 2014, an increase of 13 per cent from the corresponding period last year.
The blue chip’s half-year revenue soared by 23.7 per cent to Rs. 19.7 bn, results released to the Colombo Stock Exchange revealed. Profit attributable to equity holders rose by 8.1 per cent to Rs. 1.3 bn while earnings per share improved by 8.1 per cent to Rs. 3.27, over the corresponding period.
Aitken Spence PLC is among Sri Lanka’s most dynamic and respected corporate entities with operations in South Asia, the Middle East, Africa and the South Pacific. Listed in the CSE since 1983, it has major interests in hotels, travel, maritime services, logistic solutions and power generation. The group also has a significant presence in plantations, printing, garments, financial services, insurance and information technology.
Inbound travels sector contributed strongly to the broader tourism sector’s performance during the period under review. Aitken Spence Travels, a joint venture with global giant TUI, is Sri Lanka’s largest destination management company with a leading presence in the Maldives.
Aitken Spence is presently in the midst of two substantial hotel projects in Sri Lanka worth approximately 18 billion rupees. Heritance Negombo, which is expected to be Negombo’s landmark destination will be a high-end 142-room resort, expected to open in 2015. A joint venture with globally renowned RIU Hotels, the 500-room RIU Ahungalla will be the largest hotel out of Colombo with opening date set in 2016.
Strong returns from Port Terminals Ltd which runs ports in Fiji made a significant contribution to the Maritime Cargo Logistics sector’s performance.
Considerable growth in the Printing and Garments businesses helped the Strategic Investments Sector record a robust performance during the six months.
In September, the Apparel business unit began the refurbishment of a new expanded facility that would double its capacity. The new factory in Koggala which is expected to be operational in December this year will be employing 1500 staff.
Aitken Spence Printing, an industry leader, recently invested in additional machinery to bolster its post-press facilities.
The increased generation by the Group’s Embilipitiya power plant strengthened the performance of the Strategic Investments sector during the reporting period. The company sold its power plant in Matara during the period under review.
The Balance Sheet during for period under review reflected the Aitken Spence’s recent acquisition of a hotel property in Chennai.

Aitkenspence head office

Aitken Spence and Ecocorp Asia to take nanotechnology to the next level in Sri Lanka

7 Nov

Colombo 30th October 2014…Aitken Spence PLC will be partnering Eco Corp Asia, to take nanotechnology to local industries. This partnership is seen as a business venture with great promise, considering the solution it provides across almost every industry in the country.

Aitken Spence, one of Sri Lanka’s premier blue chips with interests in several key sectors of the local economy, joined their expertise with EcoCorp, Asia sole partners for nanopool® GmbH, in Sri Lanka, to introduce this futuristic technology.

Chairman of Aitken Spence PLC, speaking on the Company’s vision and trailblazer spirit said that with this partnership, Aitken Spence would be investing in technology of the future. He said, “This Company started as a trading house, moved into shipping agencies, plantation management and the garment industry. In the hospitality industry, we have pioneered many innovations and opened new horizons for Sri Lanka’s tourism sector. We are first Sri Lankan company to own and manager hotels as well own and manage ports overseas. Therefore change is nothing new to us; wherever we see opportunity we do not fear to tread. That’s part of the Aitken Spence DNA and we are happy to be associated with Eco Corp Asia’s pioneering spirit in bringing this nanotechnology-based solution to Sri Lanka. I believe that if developed carefully, nanopool will become a very viable venture.”

nanopool® technology is a form of liquid glass a surface protection system that is 500 times thinner than a single strand of human hair, and harmless to living things and the wider environment. It is one of the most important, environmentally friendly products to emerge from the field of nanotechnology. The ultrathin layers created over the surface offer several benefits – protection against corrosion, easy-to-clean surfaces, dirt-repellent surfaces, abrasion resistance (wear protection), scratchproof surfaces, anti-bacterial surfaces, protection against moisture, and acid and alkaline protection.

The partnership between the two companies was officially announced at the launch of nanopool® to local industries at an event held at the BMICH, participated by key officials from various sectors, including construction, architects, hotels, manufacturing, hospitals, telecommunications, garments etc.

Manilal Fernando, Chairman of Eco Corp Asia who had done the ground work for the venture by connecting with nanopool® GmbH in Germany said that their partnership with Aitken Spence will bring greater synergy in commercialising this product. He said “Aitken Spence is at the helm of many an industry in Sri Lanka and with their expertise joined with our team’s ingenuity, we are looking at a longstanding partnership, with a product which has already well on the way to becoming a great success.”

Chairman of Eco Corp Asia, Manilal Fernando and Deshmanya DHS Jayawardena, Chairman of Aitken Spence after signing the partn

Chairman of Eco Corp Asia, Manilal Fernando and Deshamanya DHS Jayawardena, Chairman of Aitken Spence after signing the partnership agreement for nanopool.

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