Try GOLD - Free
Sri Lanka's first helical anchor manufacturing facility opens
Daily FT
|May 27, 2025
Pioneering move by Ceylon Energy in collaboration with Hubbell Power Systems to revolutionise construction with sustainable, cost-effective foundation technology
-
IN a landmark moment for Sri Lanka’s industrial and construction landscape, Ceylon Energy officially launched the country’s first-ever helical anchor manufacturing facility on 8 May in collaboration with the globally renowned Hubbell Power Systems Inc. (HPS).
The inaugural event was graced by Asoka Ranwala, Member of Parliament, along with high-ranking delegates from Hubbell Power Systems, the Ceylon Electricity Board, and other distinguished guests from Sri Lanka’s business, engineering and construction fraternity. This facility, which represents a major technological leap for the nation, is not only a first in Sri Lanka but also positions the country as a regional manufacturing and export hub for helical anchors, an innovation pioneered and patented by HPS that has transformed foundation systems across the world.
This story is from the May 27, 2025 edition of Daily FT.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Daily FT
Daily FT
UN warns "world is not prepared” for escalating climate disasters
THE United Nations yesterday issued a stark warning that the world is increasingly vulnerable to extreme weather events, with current systems, financing and infrastructure far from adequate to handle the accelerating pace and scale of dimate-related disasters.
2 mins
December 12, 2025
Daily FT
Sajith launches Disaster Information Centre
Located at Office of the Opposition Leader Aims to collect disaster- related information at Grama Niladhari level
1 min
December 12, 2025
Daily FT
Assetline Finance's landmark Rs. 5 b listed debt issue oversubscribed
Subscription list closes on opening day as investors grab initial offer and option
1 min
December 12, 2025
Daily FT
US Fed delivers third rate cut of the year
THE US Federal Reserve lowered its benchmark federal funds rate by 25 basis points on Wednesday to a range of 3.5%-3.75%, marking the third cut this year.
1 min
December 12, 2025
Daily FT
Positive momentum in primary auctions continue
Secondary Bond market rates decrease Rupee depreciates
1 mins
December 12, 2025
Daily FT
ADB grants $ 200 m loan for water, food security in North Central Province
THE Asian Development Bank (ADB) yesterday said it has approved a $ 200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka's largest multi-use water resources development initiative.
2 mins
December 12, 2025
Daily FT
Banking assets up 16% YoY to Rs. 24.5 t in 9M
THE banking industry expanded its balance sheet in the nine months to end-September 2025, with total assets increasing to Rs. 24.5 trillion and Profit After Tax (PAT) rising to Rs. 279 billion, according to Central Bank data.
1 min
December 12, 2025
Daily FT
Cabinet green lights procuring range of vehicles and equipment to boost primary health care system
THE Cabinet of Ministers on Wednesday approved the procurement of a wide range of vehicles and equipment to improve the country's primary health care system.
1 mins
December 12, 2025
Daily FT
Cabraal discharged on condition he compensates Central Bank in three months
Lawyer argues his client had no intention of causing financial loss to GoSL
2 mins
December 12, 2025
Daily FT
New 3% concessionary loan scheme to support 130,000 MSMEs from next year
IN a bid to revitalise micro, small, and medium enterprises (MSMEs) affected by recent disasters, the Government has decided to launch the RE-MSME PLUS and RE-MSME Disaster Relief loan schemes from 2026.
1 min
December 12, 2025
Listen
Translate
Change font size
