Successful year completed as
Ceylon Glass celebrates half century
Board of Directors of Ceylon Glass Company Limited (CGCL)
declared the Company’s results for the year ended 31st March
The company has reported a sales value of Lankan Rupees 2,014
million and a Pre Tax Profit of Lankan Rupees 49 million,
against last year results of Lankan Rupees 1,857 million and 184
million respectively, whilst ensuring a 23% GP margin as against
25% of the previous year.
“This has been a landmark year in the 50 year old history of the
Company. The successful completion of a major expansion and
modernisation project of commissioning a new 250 tpd plant at
Horana was achieved during the past year. This plant has more
than double the capacity as compared to the Ratmalana plant with
a total investment of around Rs.3.7 billion. The inauguration of
this plant was on December 10, 2007. Since then we have
successfully relocated our entire manufacturing facilities from
Ratmalana to Horana” said CEO, CGCL , Sanjay Tiwari.
The Company also plans to sell the 21 acre land located in the
heart of Colombo in Ratmalana. The land is strategically
located, surrounded by roads on three sides and it’s proximity
to the Galle Road gives an advantage to any potential developer
or Industrialist. The new facility is equipped to have 5
manufacturing lines of which 4 are already in operation and the
5th line would be in operation by July 08. Two of the production
lines have the colouring facility to manufacture different
colours, shapes and sizes of bottles and is supported by the
latest quality inspection machines, packing machines, glass
laboratory equipments etc., which are comparable with any
international manufacturing plant.
“Due to capacity constraints in the early part of the year, this
year too the company was compelled to import bottles at
negligible or even negative marginal rates in order to satisfy
domestic customers and retain customer loyalty. Thus, the
increase in the top line is not reflected in the improvement of
the bottom line”.
Amidst these constraints an overall sales growth of 8.5% has
been achieved as against that of last year. “It is indeed a very
positive sign to note the healthy growth not only in the
domestic market but also in the export market” said Tiwari.
The company has continued to show its potential at exports. A
160% growth over last years exports were achieved during the
year under review. This constituted 10% of its turnover as
against 4% of the previous year.
“Having more than doubled it’s capacity, the company is now able
to meet the demands of the local market as well as to pursue
lucrative exports market.
In terms of exports, the company will be focussing on specialty
beverage and food bottles, i.e. short run food and beverage
bottles with colouring or decoration for value addition. The
company is in a unique position in the Asian market exporting
boutique wine and specialty liquor bottles for leading brands in
India. It is also in the process of doubling several such
products for markets like the UK and Australia as well”.
According to Tiwari, the management of the Company is very
positive about it’s future growth.
With all the infrastructure now in place Tiwari said he was sure
that the company would achieve even greater heights in the local
market as well as in the international markets in the near
future. He also said that the successful Rights Issue of Lankan
Rupees 752 million speaks volumes for the faith and trust the
shareholders have in the company’s future and it’s performance.
Having taken into account the company’s satisfactory performance
during the year, the Board of Directors has recommended a final
dividend of 2% for the year ended 31st March 2007.
Browns Group uplifts farmers’ lives in the
the intention of uplifting the lives of the rural villagers of
Trincomalee and Batticaloa, the Agriculture Division of Brown &
Company PLC in association with Sarvodaya Organisation and UNIDO
(United Nations Industrial Development Organisation) executed a
training programme in the month of June.
Training and demonstrations on tractor operations, servicing and
maintenance were given to the participants for them to be aware
of the methods on how to achieve the maximum benefit out of the
tractor. The training was carried out by the Product Manager,
Harindu Lorensu Hewa and Senior Technician Officers of the
Farmers, Mechanics, Agriculture Instructors and Technical
Students in the area were the segments benefited by the training
given. Approximately 160 farmers from 14 farmer societies
participated in the training.
This was the first instance the villagers of Batticaloa and
Trincomalee underwent training on agriculture machinery as they
were affected by the war for a long period of time. The
programme targeted all communities in that region.
Speaking on this initiative GM Agriculture Division, Panduka
Weerasinghe said, “Through these training programmes we try to
add value to our customers and to the community in the region.
This training programme facilitated to up-lift their technical
knowledge as well as changed the product perception.”
Apart from the training carried out by the Agriculture Division,
they also organised a street promotion, which was a joint
promotion with LOLC and an exhibition in Dutugemunu Central
College, Buttala exhibiting various agricultural products the
The Browns Group who sells world renowned brands such as Massey
Ferguson, TAFE & Sifang has been the pioneers in agricultural
mechanization in the country. Currently the Browns Group is the
market leader in the tractor market in Sri Lanka.
Browns Group is a diversified conglomerate marketing products
and services ranging from tractors, pens, air tickets, wrist
watches, generators, power tools, cameras, water pumps, air
conditioners, ceiling fans, kitchen appliances, faxes, TV’s
etc., to name a few.
With over 135 years of experience delivering value to a large
customer base, the Browns Group’s greatest achievement lies in
the fact that we have served over three generations of Sri
Lankans across the country offering our products and services
wherever a need has been identified.
Emerald Int’l unveils exclusive denim
International has launched a whole new range of fashionable
denim shirts and jeans collection under its lifestyle brand “focuss”,
with an accent on comfort, style and class.
Focuss’s entry into this category is timed to address the suave
and fashionably cool male of today, who are tired of the
monotonous supply of unbranded and factory seconds type of
products in to the local market.
Sri Lanka’s fashion conscious men will now have access to the
entire range of classy denim shirts and jeans in fine fabric and
special washes and effects.
“The range comprises half and full sleeved shirts and bottoms in
different hues like indigo, blacks and blues. This collection
has been launched with a focus on providing our customers with a
wider choice and bringing them a superior denim product that
communicates their attitude. We have taken great care,
technically on the comfort factor, cut, fit and styles of our
product” stated M.T.M. Lukman, Manager Marketing Operations of
This range will be available exclusively at E-guys, Nolimit,
Fashion Bug, Beverly Street, Fair Deal, Sarathas, Ranjanas,
Maxmara, Cool Planet, P & A, Thilakawardhana Textiles, Supul
Collection, Fashion Collection, Osaka, Kandy Stores-Kurunagala,
Supper Style-Gampaha and Samanmal-Matara.
IFC, Elephant House,
team to strengthen linkages in dairy industry
IFC, a member of the World Bank Group, and John Keells’
subsidiary Elephant House will work together to strengthen
linkages in the dairy industry under the company’s sustainable
sourcing initiatives program.
Elephant House dairy products and milk have been a household
name in Sri Lanka for many generations. The company has decided
to expand its dairy products offering, through a production
arrangement using multiple dairy producer cooperatives. The
model is to allow cooperatives to participate in the value chain
by encouraging them to produce flavoured milk and dairy products
such as Yoghurt under the technical supervision of Elephant
House. This arrangement will allow cooperatives to earn a better
income for their raw milk, which they can then pass on to the
dairy farming community through better producer prices.
On a pilot basis, the first satellite production facility was
identified at Sagaruwanketha, a village in Rikillagaskada in the
Central province where, under the technical supervision of
Elephant House, the Cooperative Society run factory,
manufactures on a small scale, Yoghurt, Ice Coffee and other
flavoured milk. The dairy farmer cooperative society has a
membership of approximately 4,000 farmers and the society run
factory employs about 25 young people from the farmer families.
The IFC plans to carry out a diagnostic study of the
Co-operative Society, production facilities, farmer community
and their financing needs to exactly identify the gaps for
intervention and with the key intention of replicating the model
to other dairy farmer cooperative societies together with
Jit Gunaratne, President Consumer Foods and Retail Group of John
Keells Holdings said, “The tie-up between the IFC and Elephant
House is directed at further developing the production process
of local milk cooperatives through training and necessary
technological assistance. This will help our local cooperatives
to earn a higher income by producing high quality diary
products. This is one of the many sustainable sourcing projects
carried out by Elephant House aimed at improving the standards
of different stakeholders in the supply chain”.
Gilles Galludec, IFC Country Manager for Maldives and Sri Lanka,
said, “As part of this project, we will analyse the supply chain
operations, quality control and especially on scaling up both
from the farmer community and the factory perspective. Effective
interventions will assist in the ultimate goal of replicating
this model to reach more farmer communities and make a wider
impact. We are happy to partner with Elephant House, as it
aligns with our larger role of developing small and medium
felicitate sales team
Delmege Distributors, a subsidiary of the Delmege Forsyth
Group of Companies and one of Sri Lanka’s leaders in the
marketing of branded packaged food products, specialising in
retail and wholesale distribution and brand marketing,
felicitated their entire sales team at a ceremony held at the
Trans Asia Hotel recently.
A total of nine awards were given out including the coveted
Chairman’s Trophy for the most outstanding sales representative
of the year which was won by J.A. Upul Sampath of Hingurakgoda.
The Most Outstanding Nominated Dealer for 2007/2008 was Keerthi
Stores of Ja-Ela, while the award for the Best Team went to the
Team from the South.
Delmege Distributors, with an expertise developed over several
decades, has an islandwide distributor network servicing
different channels such as traditional trade, modern trade, food
service, as well as non-conventional channels such as cinemas,
Speaking at the award ceremony, CEO Delmege Distributors, Dinesh
Nalliah said that during the past year the Company had exceeded
both top as well as bottom line objectives.
Nalliah said that significant steps had been taken to strengthen
the Delmege portfolio by launching YoYO and the Lotte
confectionary range as well as Ace bubble gum, while the Motha
range was extended by introducing the Mango Faluda mix.
“In the canned fish segment Delmege Distributors strengthened
their position by consolidating distribution in the retail and
wholesale channels and sourcing smaller size tins from Thailand.
Motha continues to dominate the desert category with a market
share of almost 80%. Delmege Supiri Soy too grew at a healthy
rate, while the focussed effort on developing the Delmege brand
portfolio generated excellent results, with this actually
contributing to the major portion of the Company’s turnover”.
Nalliah said that whilst the year 2007/2008 was a rewarding one
for the Company, 2008/2009 would be a challenging one.
“In terms of new business the year 2008/2009 will see the
Company entering some new high growth categories. We have
already added Lotte Dynamic Energy Drinks and YoYo jumbo peanuts
to our portfolio within the first quarter of 2008/2009. Delmege
Distributors has established itself as one of the most reputable
and efficient FMCG distributors and we are indeed proud of our
achievements which are the result of a concerted team effort”.
New President of JASTECA
At the 23rd Annual General Meeting of Japan Sri Lanka
Technical and Cultural Association (JASTECA) held on July 6th,
2008, under the patronage of His Excellency Kiyoshi Araki, the
Ambassador for Japan in Sri Lanka, Deshabandu Mr. Tilak de Zoysa
was unanimously elected as the President for the current term.
Mr. de Zoysa was the Senior Vice President and has been a member
or JASTECA over twenty years. He is also a past President of
Lanka Japan Friendship Society and a recipient of the
prestigious decoration ‘The Order of the Rising Sun, Gold Rays
with Neck Ribbon’ conferred by the Emperor of Japan.
Sri Lankan Delegates at G-8 Peoples Summit
G-8 Summit 2008 held in Japan Hokkiaido – Sapparo. The
photograph shows among the delegates the Chairperson of ‘G-8
Peoples Summit’ Madam Masako Hoshina Member of Parliament of
Afghanistan, Madam Shukria Barakzai, Sunfo Director General, Dr.
Deshapriya S Wijethunga and Millennium Development Ambassador