Haycarb at Aquatech China 17!
Haycarb PLC Participated in the Aquatech China 2017 Exhibition held in Shanghai China last week.
Representatives from Haycarb PLC Sri Lanka and Distributor of Haycarb in China - Beijing Golden Sale Equipment Co. Ltd were present at the exhibition. The team was able to provide descriptive details regarding activated carbon and its vast range of applications to the customers and visitors who were interested.
Haycarb was able to meet Chinese and worldwide activated carbon buyers and build solid contacts with them. Haycarb continues to grow in China with a strong distributor in China Beijing Golden Sale Equipment Co. Ltd which has energetic sales managers and extensive customer service they are providing to the customers. Haycarb PLC ensures on time delivery to all the customers and the best quality carbon backed by technical support.
Haycarb records turnover of USD 91.5 Mn and profit before tax of USD 8 Mn for 2016/17
The Sri Lankan multinational Haycarb PLC reported revenue of USD 91.5 Mn, profit before tax of USD 8 Mn and profit after tax of USD 6.3 Mn for financial year 2016/17. The earnings per share of equity holders of the company increased to USD 0.19 for the year.
The Chairman of Haycarb PLC and its parent company Hayleys PLC, Mr. Mohan Pandithage said that the company posted a profit before tax of over LKR 1 billion for the 5th consecutive year signaling the success of diversification and the resulting stability of the businesses driven by its long term strategies.
Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan explained that the company was able to show both top and bottom line growth amidst key challenges in supply chain for raw material and volatility in some of its key global markets.
He added that successful development and commercialization of a number of value added high margin products, expansion of its strategic customer base and growth shown in key geographic markets together with the significant growth shown in the environmental engineering segment of the business (Puritas) helped to retain the overall performance of the group. He also said that cross functional teams delivered significant improvements in efficiencies and cost savings that added to the bottom line through lean projects that increased yields of specific equipment and product lines and reduced re-work.
The biggest challenge faced by the group in 2016/17 fiscal year is the significant shortages in charcoal supplies and resultant high prices in its Indonesian operations as a result of significant coconut crop reduction which impacted the results negatively. This was compounded by the oversupply of activated carbon from low cost manufacturers from India and Philippines resulting in the company not being able to pass on the cost increases to the end customer.
Mr. Kariyawasan noted that a significant portion of raw material sourced in Sri Lanka and Thailand were procured through environment friendly charcoaling initiatives that have been developed and promoted amongst suppliers by providing technology and financial assistance. The company continued to promote “Haritha Angara”, the environment friendly charcoaling pits in Sri Lanka as a strategic initiative, while Carbokarn supported the operation of the vertical charcoaling kiln facility.
The performance of Sri Lankan entities significantly improved due to higher production throughput, increase in the value added portfolio and stability in raw material prices achieved through its “Haritha Angara” program. He further added that notable performance was reported by Thailand operations, which included satisfactory growth in the regeneration business.
Mr. Kariyawasan said the environmental engineering arm Puritas (Pvt.) Ltd. has shown creditable growth in its performance by expanding its share in waste water and water purification solutions in Sri Lanka and in the Region. The significant growth shown by this segment in the last couple of years and its potential to further diversify and grow will strengthen the overall group he further added.
Haycarb plays a leading role in the flagship CSR initiative of our parent company Hayleys PLC. “Puritas Sath Diyawara” leverages on the technical knowhow of the environmental engineering business to provide purified drinking water to persons affected by the chronic kidney disease (CKD) in the Central and North Central Provinces of Sri Lanka. We are pleased to note that four more projects were commissioned during the year. The initiative now provides 130,000 litres of purified drinking water per day to nearly 25,500 persons spread across 16 villages.
Mr. Kariyawasan stated that the company remains confident of its position of strength and stability in the activated carbon industry, regeneration services and the environmental engineering segment to continue the growth platform in the background of continued emphasis placed on environmental sustainability, standards and regulations globally.
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 and is a leading and technologically superior manufacturer in its chosen segment.
Visit Haycarb USA at 2017 WQA Convention!
Visit Haycarb USA to discuss your activated carbon requirement at 2017 WQA Convention! Booth #549
Haycarb Donates Blood!
Haycarb Madampe Facility organized the annual blood donation campaign on 10th March 2017 at the factory premises. Over 125 donors, including Haycarb employees and well as community members participated at the event held on Friday. The donation camp has been administrated by the Chilaw General Hospital and the donations will be submitted to the hospital blood bank. The Company has arranged and sponsored for all the facilities required as well as refreshments for the donors.
The event has been organized for the 9th time by Haycarb Madampe Facility, where is it organized alternatively by taking turns with Haycarb Badalgama Facility each year. This worthy cause of helping save lives of the critically ill has been supported since 2002 by the Company. Over the years it has been held, almost 1000 pints of blood has been donated to the Blood Bank of Chilaw General Hospital through this initiative.
Speaking at this occasion Mr. Rajitha Kariyawasan, Managing Director of Haycarb Group said “This is yet another noble CSR initiative to save lives organized by Haycarb Group every year in Sri Lanka. Haycarb Group established its operations more than four decades ago at Madampe, Sri Lanka to become a leading global player in coconut activated carbons. Our economic, social and environmental sustainability is well established during the long years of successful operations in Sri Lanka. Apart from these initiatives we have been very active on major CSR platforms in Sri Lanka through both “Haritha Angara” (environmental friendly charcoaling to support local entrepreneurship) and “Purtias Sath Diyawara” (providing purified drinking water to CKD affected villages and supporting/empowering village schools/talent). We will continue to be at the forefront of CSR initiatives as a core value in our business conduct.”
Haycarb records turnover of USD 64 million and profit before tax of USD 5.2 million for Q3 2016/17
Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of USD 64 million and profit before tax of USD 5.2 million for 9 months ending 31 December 2016. The profit after tax stood at USD 4.3 million. The turnover increased by 12%, while the profit before tax and after tax recorded a growth of 9% and 8% respectively compared to the comparative period last year.
Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said that the company continued to face challenges in some locations due to the shortage of charcoal that was driven by adverse weather conditions that prevailed in 2016. However, the company’s initiatives to strengthen raw material supply chain networks in other key locations contributed to sustaining charcoal supplies to support Group’s growing demand.
Mr. Kariyawasan further said, “the company continues to invest in acquisition of new customer accounts and product segments backed by continued focus on product development and commercialization of value added products that shows positive results. We also continued to expand sales volumes globally in our key markets. The challenges of cost increases were partially offset through lean and productivity improvement measures that resulted in increased efficiencies in processes and supply chain.”
He further noted that the Environmental Engineering arm, Puritas (Pvt.) Ltd., continued to make steady progress increasing its regional presence and is expected to continue its growth momentum.
Commenting on the future prospects and growth of the Group, Mr. Kariyawasan said that the company remains positive to achieve medium to long term growth in the background of increasing emphasis on environmental sustainability worldwide through the execution of its strategic plan for growth and diversification.
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.
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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...
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