INSEE Ecocycle Lanka Spin-off as a separate company and diversifies its industrial waste management solutions
Colombo, 4th July 2018: INSEE Cement Sri Lanka celebrated the INSEE Ecocycle Lanka spin-off launch ceremony on the 2nd of July 2018 at the Ecocycle Pre-processing Facility (PPF) in Katunayake followed by a post-launch function at INSEE Puttalam Cement Plant in the evening.
INSEE Ecocycle Lanka has stepped into one of the most important milestones in its journey. The company now operates as a separate legal entity and a fully owned subsidiary of INSEE Cement Sri Lanka.
Nandana Ekanayake, CEO of INSEE Cement Sri Lanka, Eng. M.K.D. Lawrence, Executive Zone Director of BOI Katunayaka Export Processing and Sanjeewa Chulakumara, General Manager of INSEE Ecocycle Lanka inaugurated the event together with the Leadership team comprising Executive Committee Directors and Senior Management of INSEE Cement, Sri Lanka.
Speaking at the event General Manager of INSEE Ecocycle Lanka, Sanjeewa Chulakumara said “Our parent company, Siam City Cement PCL also known as INSEE Group in Thailand, has the expertise in environmental services of the waste management. At INSEE Ecocycle Lanka we will constantly look at how we can provide a solution to all our customers. We are diversifying our business model to suit the customer needs and to be an environmentally and socially responsible company because we want the businesses and the communities at large to have “peace of mind”.
He added “We are committed to strengthening all industries and the government of Sri Lanka in the sphere of waste management, because tomorrow matters…”.
Fifteen years ago, INSEE Ecocycle started its operations in a small way. At the outset waste management was not as ‘in demand’ as it is now. Then, the consequences of not having waste management was not an important priority for ordinary Sri Lankans.
In those days the waste that needed to be disposed of was mostly rice/paddy husk. In fact, the first waste disposal that was ‘co-processed’ was few tires and paddy husk. Ecocycle started managing industrial waste with one customer and the numbers have gradually increased. Today INSEE Ecocycle Lanka has over 500 customers. Most of them are big local conglomerates, but nearly 40% are government Departments and Bodies such as the Board of Investment (BOI) and Ministry of Health.
The company has evolved steadily, and last year launched INSEE Ecocycle with Siam City Cement Group.
The founding leaders of the Ecocycle business who ventured into this industry at a time when there was no great demand and to invest generously meant that they were visionaries with a lot of courage.
Ecocycle is mostly engaged in industrial waste management giving corporates the option of disposing their waste in an environmentally friendly manner, leaving the liability to INSEE Ecocycle.