Business

INSEE Ecocycle and BOI sign 16-year waste management agreement

After a decade of successful operations with the Board of Investment – Sri Lanka, INSEE Ecocycle Lanka, the waste management subsidiary of INSEE Cement, recently signed an agreement, extending its waste management services to BOI for the next 16 years, up to year 2035.

Chairman of Board of Investment Sri Lanka, Mangala B. Yapa, Chairman/CEO of INSEE Cement Sri Lanka Nandana Ekanayake and Director of INSEE Ecocycle Lanka, Sanjeewa Chulakumara signed the milestone agreement at the BOI head office that ensures continued waste management services to BOI from INSEE Ecocycle.

The preprocessing facility at BOI’s Katunayake Export Zone is INSEE Ecocycle’s main operation hub for Environmental Services. The facility provides services ranging from pre-treatment, pre-processing, storing, laboratory services and central logistics for hazardous and non-hazardous material primarily to all BOI companies as well as other companies in Sri Lanka requiring waste management services.

INSEE Ecocycle is the leading professional waste management solutions provider in Sri Lanka offering environment friendly industrial solutions to the public and private institutions, especially for managing industrial hazardous waste. The Company’s annual capacity is 100,000 MT for over 600 corporate entities including government institutions in Sri Lanka. INSEE Ecocycle has invested more than LKR 1.3 billion in the Sri Lankan operation.