LCI enters new era with major machinery upgrades and strategic partnership

Lanka Corrugated Industries Ltd. (LCI) is entering a new phase of growth with a substantial upgrade in capacity and technology. 

A BOI-approved venture, LCI has provided reliable, high-quality packaging solutions for over two decades. Originally founded by entrepreneur Sydney Gajanayake, the company is now gearing up to reshape the industry with state-of-the-art equipment sourced from China and Europe.

The company’s new facility in Millaniya, Bandaragama, spans 10 acres with over 100,000 square feet of operational space. Equipped with an advanced corrugator line capable of producing 4,000 metric tons per month, LCI is poised to meet the growing demands of its clients with greater efficiency and precision.

As part of its transformation Journey an industry veteran Bannet Gamalath joined LCI as a shareholder and the Managing Director. Gamalath, with over 20 years of experience in the sector, aims to drive LCI’s mission of offering innovative, cost-effective, and sustainable packaging solutions that meet the evolving needs of Sri Lankan manufacturers. 

The company is also forging strong ties with a leading Indian paper manufacturer to strengthen its market position. Operating under the slogan “Energize our customers to deliver a superior product,” LCI is committed to supporting local manufacturers by providing top-tier packaging that enhances product presentation and efficiency. 

Sydney Gajanayake, LCI’s Chairman, is an accomplished entrepreneur with degrees in commerce and MSC in IT, alongside a history of leading several prominent government institutions including MBSL Insurance, the Agrarian and Agriculture Insurance Board, and the Water Resources Board. He was the Regulator at the Atomic Energy Regulatory Council of Sri Lanka. The managing Director, Bannet Gamalath possesses a B.Com degree and a MBA from the University of Wales and is a Chartered accountant. They are affiliated with a leading paper manufacturer in India and hold a share of the company.

Chairman Gajanayake said they would continuously energize their business to provide the best packaging solutions to their customers. This offer would include a superior product with on-time delivery. 

Gamalath, the managing director, said they would define their business not only to provide the best service in the industry but also as their packing tells a story of reliability, sustainability, and creativity.