Dr. Anush Amarasinghe, Managing Director, BPPL Holdings PLC receiving the award by Christopher Forbes, Vice Chairman, Forbes Media LLC

BPPL HOLDINGS HONOURED WITH FORBES ASIA’S “BEST UNDER A BILLION” AWARD

BPPL Holdings PLC, a leading player in the brush ware and filament export manufacturing industry, was awarded by Forbes Asia as “Asia’s Best Under a Billion” for the year 2021. The award ceremony took place on 21 November 2023 in Manila, Philippines.

Forbes Asia’s “Best Under a Billion” award recognises companies demonstrating exceptional long-term sustainable performance across a range of criteria. In a rigorous selection process, from a pool of over 20,000 publicly traded companies in the Asia-Pacific region with annual sales exceeding $ 10 million but below $ 1 billion, BPPL Holdings was among 200 outstanding companies chosen for this prestigious award.

MATERIAL RECOVERY FACILITY COMMISSIONED IN NEGOMBO THROUGH THE FUNDING AND SUPPORT OF ECO SPINDLES, THE COCA-COLA FOUNDATION AND JANATHAKSHAN

In commemoration of Global Recycling Day, a comprehensive Material Recovery Facility (MRF) titled ‘Negombo Recycling Club’ (NRC) was launched, in the presence of chief guest Dr. Anil Jasinghe – Secretary to the Ministry of Environment.

This MRF was funded and supported by Coca-Cola’s philanthropic arm, The Coca-Cola Foundation (TCCF), and Eco Spindles, one of Sri Lanka’s largest plastic recyclers. It was implemented by Janathakshan (GTE) Ltd., a non-profit organization that is renowned for its work in circular economy and low carbon development in the island.

ECO SPINDLES AND ELEPHANT HOUSE JOIN FORCES TO CLEAN UP SACRED AND SCENIC ADAM’S PEAK

Eco Spindles in collaboration with Gunadamin Elephant House, the CSR arm of Elephant House recently conducted a special plastic pollution clean-up project to clean up Adam’s Peak (Sri Pada) – one of Sri Lanka’s most famous and scenic sites, sacred to all of Sri Lanka’s major religious groups.

This MRF was funded and supported by Coca-Cola’s philanthropic arm, The Coca-Cola Foundation (TCCF), and Eco Spindles, one of Sri Lanka’s largest plastic recyclers. It was implemented by Janathakshan (GTE) Ltd., a non-profit organization that is renowned for its work in circular economy and low carbon development in the island.

ECO SPINDLES TO SUPPORT SCHOOLS IN INITIATIVES THAT ADVOCATE PLASTIC DISPOSAL AND COLLECTION

Eco Spindles Pvt Ltd., the nation’s largest plastics up-cycler and a fully owned subsidiary of BPPL Holdings PLC, has always advocated the proper disposal and collection of plastics in and around the island.

Eco Spindles employs several different methods of plastic collection including, working with corporate partners who invest in waste plastic collection bins, waste plastic collectors, and via Material Recovery Facilities (MRFs). Through these methods the company supports many programs to create awareness of proper methods of plastic disposal.

ECO SPINDLES CONCLUDES 8TH ANNUAL KATARAGAMA WASTE MANAGEMENT PROJECT

Eco Spindles (Private) Limited (sister company of Beira Brush), Sri Lanka’s largest plastics recycler, recently concluded its 8th annual Kataragama Waste Management Project by collecting 43,590 PET (polyethylene terephthalate) waste plastic bottles discarded at the scared pilgrim sites of Ruhunu Kataragama Maha Dewalaya, Sella Kataragama Temple, Wedihiti Kanda and the surrounding areas.

The waste management project commenced on the 29th of July and concluded on 12th of August, and engaged 60 volunteers from the ‘Soba Parisara Thurunu Samjaya,’ a local youth club in the area, 20 volunteers from Eco Spindles and its project partners – the Kataragama Pradesiya Sabawa, and the Ruhunu Kataragama Maha Dewalaya.

BPPL SECURES US$ 15MN LONG-TERM FUNDING FROM DFC

Sri Lanka’s plastic recycling capabilities and infrastructure are set to soar with BPPL Holdings PLC, the country’s pioneer in the field, securing long-term funding of US$ 15 million from the International Development Finance Corporation (DFC) of the United States of America

The funds raised from DFC, the development finance agency of the United States Government, will enable BPPL to expand its monofilament and polyester yarn operations, which use plastic waste as its primary raw material.

BPPL HOLDINGS TRIUMPHS AT ‘BEST CORPORATE CITIZEN SUSTAINABILITY AWARD 2021’ WINNING FIRST RUNNER-UP AWARD

BPPL Holdings PLC, Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes, was presented the First Runner-up award for companies with an annual turnover below Rs. 15 billion, at the ‘Best Corporate Citizen Sustainability Award 2021’, concluded recently.

The annual awards organized by the Ceylon Chamber of Commerce, the country’s premier business chamber, recognized sustainable champions of the local corporate world.

ECO SPINDLES: ONLY COMPANY IN ASIA TO WIN GLOBAL IFS CHANGE FOR GOOD SUSTAINABILITY AWARD​

Eco Spindles (Private) Limited, a subsidiary of BPPL Holdings PLC was triumphant in becoming the only Asian company to receive an IFS Change for Good Sustainability Award.

IFS, a renowned international cloud enterprise solutions provider, introduced the IFS Change for Good Sustainability Awards in July ‘21. The annual awards hope to highlight the outstanding work by IFS clients to make their businesses more sustainable while encouraging others to do the same

BPPL HOLDINGS: ONLY SRI LANKAN COMPANY LISTED IN FORBES ASIA’S 200 ‘BEST UNDER A BILLION’

BPPL Holdings PLC, parent company of Beira Brush has been crowned as the only Sri Lankan company to have entered Forbes Asia’s 200 ‘Best Under a Billion’ list. The company is one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly from recycled PET plastic flakes.

Forbes evaluated over 20,000 publicly traded companies in the Asia-Pacific region this year with revenues of under US Dollars 1 Billion and consistent top-and bottom-line growth. Companies were selected based on a composite score that incorporated their overall track record of which 200 were selected.

HOW A YOUNG ENTREPRENEUR FINDS WORTH IN PLASTIC WASTE

As industrialisation and population increase, plastic consumption on the island has seen a 16% increase, with 265,000 metric tons are consumed annually resulting in the nation battling a threatening issue – the growth in irresponsible plastic waste disposal/management.

Realising the damage this could cause, a young entrepreneur, Pathum Niranjana, started P&L Industries based in Athurugiriya in 2011 at the age of 20 to collect PET (Polyethylene Terephthalate) plastic and other plastics.

ECO SPINDLES LEADS THE WAY IN PLASTIC RECYCLING, SPINS 90 M PET BOTTLES INTO YARN EACH YEAR

Sri Lanka’s largest plastic recycler, Eco Spindles (Pvt.) Ltd, the sister company of Beira Brush, has presented a sustainable solution to managing plastic waste by recycling plastic bottles directly into yarn or monofilaments.

Eco Spindles recycle and convert 90 million PET plastic bottles to polyester yarn, annually at its recycling facility, one of two plants globally capable of manufacturing yarn directly from PET plastic flakes.

A PLASTIC INTERVENTION IN ARUGAM BAY

Waste Less Arugam Bay (WLAB) is an entity focused on building a green and sustainable tourist destination in Arugam Bay. Founded in 2018 by Hendrik Konzok, founder and director, WLAB, operates a manufacturing company making bags and fashion accessories from upcycled materials. WLAB is also engaged in upcycling discarded plastic bottles.

Henry’s team collects about 5000 – 15,000 PET bottles discarded irresponsibly onto roads and waterways. Knowing the value WLAB creates in Arugam Bay, Sri Lanka’s leading plastic recycler Eco Spindles (Pvt.) Ltd, the sister company of Beira Brush, also provides recycled polyester yarn that WLAB sources to make tote bags out of recycled plastic.

Read more –  http://dailynews.lk/2021/07/16/tc/254077/plastic-intervention-arugam-bay

A MISTREATED OCEAN’S CRY FOR HELP

In the last decade, Sri Lanka has mismanaged 1.59 million metric tons of plastic waste yearly that ultimately finds its way to the ocean. Seven out of the 12 Indian Ocean rim countries are significant plastic polluters, Sri Lanka included. The recent MV X-Press Pearl container explosion has further amplified issues around marine pollution.

Appropriately discarding the plastic waste is critical. Ensuring that the collected waste is recycled is even more important. Plastic bottles collected from across the island – beaches, collection centers, and the ocean – is brought into Eco Spindles’ recycling facility in Horana. This facility recycles approximately 7,500,000-9,000,000 bottles of PET plastic waste per month.

TIME TO RESTORE: BPPL GROUP URGES SRI LANKANS TO DISPOSE PLASTIC WASTE RESPONSIBLY THIS WORLD ENVIRONMENT DAY

BPPL Holdings PLC, Sri Lanka’s largest plastic recycler has called for the responsible disposal of plastic waste across the island as the globe commemorates World Environment Day.

This year’s theme, “Ecosystem Restoration” is focused on implementing a solution to a depleting ecosystem, an urgent issue faced in Sri Lanka, and across the world.

A PET COLLECTOR’S JOURNEY AMID A RAGING PANDEMIC

Though Sri Lanka has seen an increase in recyclers and plastic waste collectors, Covid-19 has presented a new set of challenges.

Mahesh, a collector, has created a living by collecting post-consumer plastic waste (PET and HDPE) from hotels and hospitals in Galle. He has been in the waste collection industry for ten years, which has helped him support his family, including his two children in grades 8 and 2

BPPL STRENGTHENS COMMITMENT TO SUSTAINABILITY EFFORTS

Sri Lanka’s pioneer in creating eco-friendly products, BPPL Holdings, affirmed its commitment to sustainability in business commemorating Earth Day.

This year’s theme, ‘Restore our earth’, focuses on natural processes, green technologies and innovative thinking to restore the world’s ecosystems and is aligned to the company’s mission to reduce the carbon footprint made on Earth by integrating sustainability and technology into waste recycling.

ECO SPINDLES RANKED AMONG TOP 10 RECYCLERS GLOBALLY BY THE GLOBAL RECYCLING FOUNDATION

Sri Lanka’s leading plastic recycler Eco Spindles (Pvt.) Ltd, the sister company of Beira Brush, was ranked among the Global Recycling Foundation’s top ten #RecyclingHeroes of 2021.

This ranking was alongside nine other contributors in the global recycling arena, namely, Rien Voets (Holland), Green Axis (Nigeria), Abdi Hirsi (Somalia), Bokashi Bran (Pty) Ltd (South Africa), EcoAct (Tanzania), International WeLoveU Foundation (Korea), Dgrade (Dubai), Eco- Train (Canada), and Metal Shredder (Hungary).

ECO SPINDLES LAUNCHES ‘WASTE 2 VALUE’ APP ON GLOBAL RECYCLING DAY

Eco Spindles (Pvt.) Ltd, the sister company of Beira Brush, launched its highly anticipated ‘Waste 2 Value’ app at a special event.

The app launch coincided with ‘Global Recycling Day’ and is aimed at encouraging responsible plastic recycling among the general public and consolidate recyclable waste collection efforts within the country.

BPPL STRENGTHENS COMMITMENT TO SUSTAINABILITY EFFORTS

In view of Earth Day, Sri Lanka’s pioneer in creating eco-friendly products – BPPL Holdings – affirmed its commitment to sustainability in business. This year’s theme – ‘Restore our earth’ – focuses on natural processes, green technologies, and innovative thinking to restore the world’s ecosystems.