Business
LAUGFS Lubricants expands its international market presence to Bangladesh
Illustrating the Company’s robust presence and the global expansion drive, LAUGFS Lubricants, the only home-grown, innovation-led lubricant brand in Sri Lanka, recently expanded its presence to Bangladesh. A fully owned subsidiary of LAUGFS Holdings, LAUGFS Lubricants has been offering lubricant solutions for every class of motor vehicle since its inception in 2008. As the only Sri Lankan Company with its own lubricant blending license, LAUGFS Lubricants has become a dominant player amongst multinationals.
“In spite of the pandemic-driven challenging macro-economic conditions that prevail across the globe, we at LAUGFS Lubricants have been able to steer forth strongly to achieve our goals through adopting a pragmatic and market sensitive approach. Our expansion into Bangladesh is the first step in our global expansion drive, a comprehensive journey that we have chartered for the Company. As such, this is a proud moment not only for LAUGFS Lubricants but also for Sri Lanka as a nation,” commented LAUGFS Holdings Limited Group Chairman, W. K. H. Wegapitiya.
LAUGFS Lubricants combines global technology and local expertise through conducting extensive research and development to manufacture lubricants that suits the tropical climate experienced in Sri Lanka and rest of the South Asian region. The unique lubricant formulations that LAUGFS Lubricants continue to offer are created cutting-edge research and innovation combined with the unmatched experience and insights LAUGFS has gained in the local lubricant industry.
“Expanding our presence to Bangladesh is an important milestone in our strategic journey. As a truly Sri Lankan conglomerate with entrepreneurial beginnings, we are pleased to be on track, in our strategic path to grow in a sustainable manner to build a global presence as a trusted, profitable and viable multinational. Our growth efforts reach beyond Company goals to become champions of propelling the Sri Lankan economy on an upward trajectory,” said LAUGFS Holdings Limited Group Deputy Chairman, Mr. Thilak De Silva.
Established in 2008, LAUGFS Lubricants offers a range of high quality automobile and industrial lubricant products. The Company holds ‘Original Equipment Manufacturer (OEM)’ approvals for Volvo, Renault and Porsche vehicles and is the only Sri Lankan lubricant company to hold licenses from the American Petroleum Institute, which defines global industry standards for motor oils.
LAUGFS Holdings Limited is one of the largest diversified business conglomerates and a trusted and well-loved home-grown business in Sri Lanka. Founded in 1995, LAUGFS today has expanded across 20 industries in Sri Lanka and overseas, establishing a strong presence as a leader and pioneer in the power and energy, retail, industrial, services, leisure, and logistics sectors. With over 3,500 employees and an annual turnover exceeding Rs. 60 billion, LAUGFS continues to expand and empower millions as a trusted Sri Lankan brand.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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