Financial Times

Finlays Colombo in medical waste disposal business

By Duruthu Edirimuni Chandrasekera

Finlays Colombo Plc (Finlays) has embarked on a first-ever project to dispose medical waste, according to the company’s Chairman and Managing Director, Kumar Jayasuriya. Explaining the latest project by Finlays, he said, “We have just embarked on a project for the disposal of medical waste, which will start from January 1, 2009. The Central Environmental Authority (CEA) has mandated all hospitals to dispose their medical waste in a responsible fashion. We have been licensed by the CEA as the only company to dispose medical waste.”

He explained that Finlays will give these hospitals the containers to segregate the waste and then collect these containers and transport to the facility where the 'hydroclave' machine is located. "This machine disinfects the waste, reduces the volume by 80 % and thereafter in a sterile form the waste will be taken to a sanitary land fill," he explained further. He said this pilot project is initially offered to the private sector hospitals and laboratories.

"We have already signed up about four private sector hospital groups in Colombo. We will expand it gradually to include a larger number," he added. Finlays profit for the first nine months was Rs. 138 million, sharply up 102 % to Rs. 68 million during the same period last year.

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