Memorandum of understanding was signed between the Stretchline (Pvt) Ltd and Center for Sustainability (CFS) of the Department of Forestry and Environmental Science, University of Sri Jayewardenepura to restore seventeen (17) acres forest in Yagirala forest reserve on 3^rd February 2017 at the board room of the University of Sri Jayewardenepura.

Under this agreement, approximately 17 acres of degraded forest lands within and outside the University-managed forest in Yagirala have been identified for restoration with native species. Briefing on the project, Dr Priyan Perea, Director-Center for Sustainability mentioned that, the Sri Lankan counterpart of “Stretchline”; the largest elastic manufacturer in the world provides funding for this project under four phases and it is expected to restore 17 acres by the end of 2017. This joint venture exemplifies the environmental commitment of Stretchline (Pvt) Ltd. while marking yet another successful industry-university partnership initiated by the Center for Sustainability.

Prof. Sampath Amaratunge Vice Chancellor of the University of Sri Jayewardenepura signed the MoU on behalf of the University while Mr. Hasantha De Silva Director-Finance HoldCo and Mr. Ruwan Senavirathne, General Manager-Finance were the signatories representing Stretchline (Pvt) Ltd. Dr Prasanthi Gunawardene, Head of the Department of Forestry and Environmental Science and Prof. Nilanthi Bandara, member of the Board of Advisors to the CFS also attended this landmark event.