Haycarb and Dipped Products ramp up high-tech exports to fuel economic recovery
Ada Derana: Hayleys Group Companies Haycarb PLC and Dipped Products PLC, are expanding manufacturing capabilities in response to growing demand for sustainably manufactured, innovative products and solutions in global niche markets.
Doubling down on driving exports-focused innovation, both companies have been investing in Research and Development, leveraging home-grown scientific innovation to move up global value chains.
“One of Sri Lanka’s greatest resources is our ability to use science and technology to create local solutions to global challenges. Drawing from the Hayleys Group’s long legacy of innovation, as a socially conscious enterprise we create products that drive value to our customers and help purify the world, and change lives of many around our planet including at grassroot Sri Lankan communities by generating opportunities for real economic progress,” Haycarb PLC Managing Director, Rajitha Kariyawasan stated.
Already a leading global player in the sustainable production of activated carbon derived from coconut shell-based charcoal, over the past 50 years, Haycarb has continuously discovered powerful new applications for its products. As a result, its wide range of high value applications comprise water and air purification, gold mining, lifesaving medicines and alternative energy storage devices such as supercapacitors and batteries, helping to power many new generation technology applications.
This same intrapreneurial spirit of utilizing in-house talent, ingenuity and sustainable innovations to turn the simple rubber commodity to globally competitive high value exports, is also at the core of Dipped Products PLC success. Having gained significant traction over the past two years across 70 countries with its innovative specialized industrial, medical, and household glove solutions, Dipped Products continues to take aim at emerging opportunities world-wide.
“For nearly half a century, DPL has steadily moved up the value chain in hand protection. In that time, we have developed an unmatched reputation for quality, and served as a hub for high-level product innovation and best practices in sustainable manufacturing and an authentic commitment to ESG.
In addition to consolidating our reputation as a global leader in sustainable and ethical manufacturing, we recently accelerated our R&D programmers and expanded our production capacity to create new export innovations that will help drive export earnings to our nation,” Dipped Products PLC Managing Director, Pushpika Janadheera said.
The recent initiatives on-ground included the streamlining of domestic supply chains with the opening of a state-of-the-art new centralized warehouse facility in January 2023, and the successful operationalizing of a new sports glove manufacturing facility in March 2023, that blends the team’s industry-leading scientific and technical expertise to produce sophisticated, globally sought-after sports gloves.
Simultaneously, DPL is strengthening their presence in the US and Europe to capture the niche sports market segments, including cycling, equestrian, golf, baseball, mountain biking and running.
OSL take:
Sri Lanka’s exports sector is currently undergoing an overall uplifting while also diversifying its product portfolio. Local authorities are also engaged in promotional campaigns in foreign countries to secure new markets for local export products. The many trade agreements as well as trade concessions enjoyed by the country have also helped boost Sri Lanka’s exports in the foreign markets. The country’s exports sector has been resilient to external challenges through the years and even carried out operations during the global pandemic and the economic crisis last year. The ongoing drive to further strengthen and diversify the exports sector along with the many incentive programmers introduced by the local authorities indicate the growth and business potential in Sri Lanka’s exports sector. Foreign businesses/investors could therefore explore the growing opportunities in the exports sector. Foreign businesses could also look at setting up base in Sri Lanka to do business with other countries in the region using the trade concessions and preferential treatment offered to Sri Lanka.
| Article Code : | VBS/AT/20230725/Z_3 |