Teejay wins Silver in ‘Extra Large’ category at NCE Export Awards

Teejay Lanka PLC took the Silver Award in the ‘Extra Large’ category of the ‘Textiles and Garments’ sector at the Annual Export Awards 2023 presented by the National Chamber of Exporters (NCE), ending 2023 on a winning note, a company news release said.

The NCE Export Award followed similar accolades for export excellence, including a ‘Best Exporter’ Award and a Certificate of Merit at the 2023 Presidential Export Awards presented by the Export Development Board (EDB), and a Merit Award at the CNCI Achiever Awards for Industrial Excellence presented by the Ceylon National Chamber of Industries (CNCI), it said.

“The NCE Export Awards programme is a strategic initiative to highlight and celebrate exporters that have excelled in crucial dimensions, focusing on People, Profit, and Planet. The Chamber places distinct emphasis on recognising businesses that not only achieve financial success but also contribute to societal and environmental well-being,” it added.

“The assessment of contenders for these awards also encompasses commitment to innovation, value addition and research & development, reflecting a proactive approach in line with the economic perspectives of the Sri Lankan Government.”

Commenting on the NCE Export Award won by Teejay, the Company’s CEO Mr Pubudu De Silva said: “This award serves as a reaffirmation of Teejay’s unwavering commitment to achieving business growth while contributing significantly to the development of the Sri Lankan economy and the textile industry. We value this award because it is not simply about business volumes, but a recognition of the multifaceted contributions of exporters, to sustainability, innovation, and economic progress.”

Sri Lanka’s first multinational textile manufacturer, the Teejay Group owns manufacturing facilities in Sri Lanka and India, along with a state-of-the-art printing facility in Sri Lanka. An ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 compliant company and the first in the industry to develop green fabric, Teejay Lanka was also the first textile manufacturer in Sri Lanka to receive membership of the US Cotton Trust Protocol.

Teejay is a public quoted company with 40 per cent public ownership and the backing of Sri Lanka’s largest apparel exporter Brandix Lanka which has a 32 per cent stake in the Company. Pacific Textiles of Hong Kong, whose key shareholder is the Tokyo Stock Exchange listed Toray Industries Inc., owns 27 per cent of Teejay Lanka.

Teejay Lanka was ranked the No 1 corporate entity among 100 public listed companies in Sri Lanka for Transparency in Corporate Reporting in the TRAC 2022 assessment carried out by Transparency International Sri Lanka (TISL), the local arm of the international corruption watchdog. The TISL assessment was carried out on three areas crucial to fighting and preventing corruption: reporting on anti-corruption programmes, transparency in company holdings and the disclosure of key financial information in domestic operations.