Business
Fentons Limited transitions to Hayleys Fentons Limited
Fentons Limited, a trusted engineering services provider with a legacy spanning over a century, has legally adopted the name and identity of Hayleys, Sri Lanka’s largest and most diversified conglomerate, as “Hayleys Fentons Limited”, marking a historic milestone in its journey.
For longer than a century, Hayleys Fentons has been a trusted engineering services provider as well as a household name, sought after for reliability, quality and service excellence.
The association between the two entities began in 2016 when Hayleys acquired a 75% equity stake in Fentons Limited, followed by an increase upto 99.98% ownership in 2023. The brand was repositioned as Hayleys Fentons in the same year, a strategic move to harness synergies, capitalise on collective expertise, and broaden market presence both locally and globally.
The legal transition to Hayleys Fentons Limited on 11th December 2023 culminated in the rebranding of the Company on 01st January 2024, from which point the Company will appear as Hayleys Fentons Limited in all contexts. The change reinforces an unified brand identity and strengthens the company’s presence across diverse industries, including Solar Power, ICT Systems, Electrical & Lighting, Fire Safety Solutions, Air Conditioning & Ventilation, Security & Communication, Uninterrupted Power Supply & Battery Backups, Facilities Management, Industrial Accessories Trading, Plumbing & Gas and Architectural Drawings & 3D Visualization.
The Hayleys Group is Sri Lanka’s leading diversified conglomerate, with extensive business interests across 16 business sectors and globally leading market positions in several key verticals. As a Group with unparalleled relationships across Sri Lanka’s supply chains, agricultural networks, distribution channels and customer segments, Hayleys is one of Sri Lanka’s largest value creators and most socio-economically impactful organisations.
Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said, “The timely integration of the Fentons brand and company with Hayleys represents a remarkable amalgamation, aligning profound legacies and capabilities. The exponential growth Fentons has experienced with Hayleys signals the immense potential for future value creation across the triple bottom line.”
Hasith Prematillake, Managing Director of Hayleys Fentons Limited, expressed enthusiasm about the milestone, emphasising the company’s dedication to excellence, innovation, and alignment with Hayleys’ esteemed values and standards. “
“Over the past four years, Hayleys Fentons has undergone substantial purpose-driven transformations. In 2023, we attained remarkable milestones: achieving 150 megawatts of solar rooftop installations, establishing ourselves as Sri Lanka’s premier leader in solar power; reaching a historic milestone of surpassing 1 billion in profit for the first time in our history in 2022/23; and being honoured with the Overall – Silver Award for business excellence at the National Business Excellence Awards. These are significant achievements in our journey, underscoring our company’s remarkable potential.”
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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