Meet Haycarb USA at WQA Convention 2018!
Haycarb USA will be present at Booth No. 237 at the WQA Convention 2018, held in Denver, USA during March 26-29, 2018!
Meet us with us to discuss your activated carbon requirement!
Haycarb records turnover of USD 46.5 million and profit before tax of USD 1.94 million for 1H 2017/18
The Sri Lankan multinational Haycarb PLC reported a revenue of USD 46.5 million and profit before tax of USD 1.94 million for the six months ending 30th September 2017. The profit after tax stood at USD 1.64 million.
Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that whilst the company continued to expand its market reach and recorded a healthy growth in turnover, the sharp increase in the price of its key raw material, coconut charcoal impacted its bottom line significantly. While the company made significant efforts to revise prices upwards through comprehensive discussions with its valued customers, the inability to pass the full impact of the raw material price increases and the lagging effect of price revisions has resulted in lower margins than last year. The company has successfully implemented initiatives to strengthen the raw material supply chain networks in Sri Lanka and Thailand during the period under review through its “Haritha Angara” program of assisting to build more environment friendly charcoal pits in Sri Lanka and by strengthening its own charcoaling operations in Thailand. However, the raw material availability in these two locations is expected to decline during the latter half of the year due to seasonal factors, a key challenge to be reckoned with. The raw material supply chain in Indonesia has recovered from the severe setback it suffered and is expected to improve further during the third and fourth quarters.
He further added, that “the current trend of shortages and resultant increases in prices of coconut charcoal is likely to continue in to the second half of the financial year in Sri Lanka and in India in particular. The company is in the process of negotiating further adjustments necessary to its sales pricing to the extent permissible based on the competitive market conditions. The adverse currency movements experienced in Thailand and Indonesia, where the company has a significant presence, can further aggravate the impact on margins.” On a positive note he added that the company has achieved encouraging savings in its lean platforms and growth in some markets and value added product segments that signal potential for the future.
Mr. Kariyawasan said that the environmental engineering arm Puritas (Pvt.) Ltd., will contribute positively to the top and bottom lines in the second half of the year and expressed confidence on this segment’s continued growth and potential for the future.
In the background of increasing emphasis on environmental sustainability worldwide Haycarb remains positive in its medium to long term outlook in its activated carbon and water treatment systems businesses.
Haycarb is the pioneer manufacturer of coconut shell activated carbon in any coconut producing country with manufacturing facilities in Sri Lanka, Thailand and Indonesia supported by marketing offices in the USA, UK and Australia. The company contributes net foreign exchange revenues with its value adding processes whilst remaining a leading and technologically superior manufacturer in its chosen segment.
The Board of Directors of Haycarb PLC comprises of Messrs Mohan Pandithage – Chairman, Rajitha Kariyawasan – Managing Director, Dhammika Perera, Arjun Senaratna, Sarath Ganegoda, Ms. Jeevani Abeyratne, Dr. Sarath Abayawardana, Sujeewa Rajapakse, M. S. P. Udaya Kumara, Brahman Balaratnarajah, Ali Asgar Caderbhoy, Ms. Sharmila Ragunathan, James Naylor and M. H. Jamaldeen.
Visit us today at Aquatech Amsterdam!
Our European subsidiary, Eurocarb Pvt. Ltd, will be exhibiting at Aquatech Amsterdam, 2017. Please visit us to discuss your activated carbon requirement!
We are at WEFTEC 2017!
Haycarb USA will be at WEFTEC 2017! Visit us to discuss your activated carbon requirement!
Haycarb wins big at Presidential Awards 2016!
We’re extremely happy to announce that Haycarb PLC won the awards of ‘Highest Value Added Exporter’ as well as ‘Highest Foreign Exchange Earner‘ in Coconut Non-Kernal Products Sector (in recognition of its Coconut Shell Based Activated Carbon Manufacture and Exports) at the prestigious Presidential Export Awards 2016 organized by the Export Development Board - Sri Lanka held in a gala ceremony today, presided by the President of Sri Lanka.
We are honored to have been recognized for our immense contribution towards the development of activated carbon industry in Sri Lanka as pioneers in the country to become the highest value added exporter and highest foreign exchange earner in this category.
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Haycarb PLC is the world's leading manufacturer and marketer of coconut shell based activated carbon solutions. We have over 35 years of experience...
View on YoutubeHayleys is one of Sri Lanka's largest multinational business conglomerates with a history spanning 134 years. We drive a globally competitive busin...
View on YoutubeHayleys is one of Sri Lanka's largest multinational business conglomerates with a history spanning 134 years. We drive a globally competitive busin...
View on Youtube