Hayleys Fibre PLC manufactures and exports traditional coir products and related fibre-based goods, supplying international markets with coir fibre, pith and finished coir items. The company develops value-added products such as customised growing media mixes and other horticultural substrates, and operates production facilities including a fibre and pith extraction mill in Madampe to support backward integration and raw material supply.
The company has diversified into adjacent product lines through investments and affiliates, including a stake in Creative Polymats (Pvt) Ltd to manufacture PU foam mattresses and related upholstery products for the domestic market, and a joint venture, Bonterra Limited, which focuses on low-cost environmental applications and jute geotextiles. Hayleys Fibre maintains marketing offices in the Netherlands, the United Kingdom, the United States and Japan and exports to a wide range of destinations, having entered markets such as China, Kenya, Romania and Colombia.
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The Thailand–Sri Lanka Business Forum centred on implementing the Sri Lanka–Thailand FTA to boost trade and investment after bilateral trade reached USD 649m in 2025 (+48% vs 2024). Delegates highlighted opportunities in logistics, manufacturing, food and agriculture, IT, healthcare and tourism and urged streamlined customs and predictable FTA implementation.
ExportersTourismIT & DigitalHealthcare & Pharma
Ada Derana·Jun 24, 2026·Promotional / marketingPositive
The Thailand–Sri Lanka Business Forum highlighted opportunities from the new Sri Lanka–Thailand FTA, with bilateral trade at USD 649m in 2025 (up 48%) and commitments to boost supply chains, investment and trade across food processing, logistics, IT, healthcare, tourism and manufacturing.
Sri Lanka and Thailand plan to deepen trade and investment using the Sri Lanka–Thailand FTA and enhanced B2B engagement, targeting tourism, hospitality, food processing, agriculture, logistics and other sectors to boost bilateral ties and supply‑chain links.
Hayleys PLC reported FY2025/26 revenue of Rs.585.02 bn (up 19%) and consolidated Profit Before Tax of Rs.38.04 bn (up 4%). Consumer & Retail revenue rose 44% to Rs.156.74 bn, Q4 revenue grew 29%, the group completed a Rs.9 bn rights issue and Fitch affirmed a 'AAA (lka)' rating.
Consumer Staples (FMCG)Exporters
Daily FT·Mar 12, 2026·Management or board changePositive
Hayleys Fibre PLC appointed Ruwan Rajapakse as Managing Director and Executive Director, effective 1 April 2026. Rajapakse brings over 30 years' experience including senior roles at the Jiffy Group, Hayleys Agri, Hayleys Advantis and Maersk, and holds an MBA and CMA.
Hayleys Fibre PLC appointed Ajith Karunarathna to its Board as an Executive Director; he previously served as CFO of the company's eco solution sector and has over 20 years' experience in finance.
Hayleys PLC posted FY25 PBT of Rs.35.37bn, up 40% YoY, on record consolidated revenue of Rs.492.20bn (up 13%). Exports were $875m (53% of revenue), renewable energy met 74% of group consumption and net finance costs fell 30%.
Sri Lanka plans to seek talks with the US to reduce a 44% tariff that would hit apparel exporters and could risk losing US orders; industry groups warn the levy could be devastating for price-competitive apparel firms and cost thousands of jobs.
Exporters
Ada Derana·Nov 18, 2024·Earnings & resultsPositive
Hayleys PLC reported H1 Profit Before Tax of Rs.12.73 bn, up 78% y/y, with consolidated revenue rising 17% to Rs.236.15 bn and annualised EPS at Rs.4.23. Growth was led by Consumer & Retail (+52%), Transportation & Logistics (+26%) and Projects & Engineering (+87%); net finance costs fell ~35% and Fitch retained AAA (lka).
Consumer Staples (FMCG)ExportersRupee & ForexIT & Digital
Manufacturing sector: what is happening
Last 30 days to Aug 4, 2026
US confirmation of a 10% Section 301 tariff preserved competitiveness for Sri Lankan manufacturers, especially apparel and rubber. Exporters sought clear, risk-based guidelines for the new forced labour import ban to avoid shipment delays. June PMI showed manufacturing expanding but slower at 53.0, led by food and beverages. FTZ manufacturers pressed for power wheeling and lower energy costs. Cabinet moved to license scrap metal exports and tighten import prepayments.