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Date:   19 February 2016 Articles of Association of Lankem Ceylon PLC
Articles of Association of Lankem Ceylon PLC
Circular - Articles of Association of Lankem Ceylon PLC
Date:   3 August 2015 New LANKEM HOUSE opens at Navam Mawatha
Lankem Ceylon PLC recently moved into its own building at No 46/56 Navam Mawatha in Colombo 02. The 30,000 sq ft new office complex will enable the company to integrate several of its operating profit centres in one location for the first time. The move to re-locate the company’s operations to Colombo’s commercial nerve centre will help to further strengthen its image as one of Sri Lanka’s largest and fastest growing industrial conglomerates. The Group’s core business units: Crop Protection, Paints, Industrial, Bitumen, Consumer and its support Service Units: IT, Human Recourse, Commercial, Finance, Compliance with a total staff strength of about 300 employees, are now housed in the new office complex. The operations of two other subsidiaries will also be located here. “Lankem Ceylon PLC is a fast growing player in the diversified conglomerate sector. The Lankem Group has been building value and creating wealth for over five decades in Sri Lanka. Its investments span over twenty five subsidiaries working in nine major industries where we have endeavoured to be key players in the fields we operate in,” said Lankem Ceylon PLC Managing Director Anushman Rajarathnam. Royal Dutch Shell created Lankem in 1964 as an agro chemical business. Over the past 50 years Lankem has diversified into other related businesses. Lankem’s Crop Protection, Paints and Bituminous Products have been the front-runners in new product development in their specific industries. Lankem Consumer Products has been the pioneer in producing mosquito coils, washing machine detergent powders and liquid detergents in Sri Lanka. Today Lankem Consumer Products are a household name across the country. In 2010 Lankem strengthened its position in the FMCG sector through the acquisition of C.W. Mackie. The company also brought with it rubber processing expertise and markets for premium grade rubber products manufactured through the plantations sector. Among the other new mergers and acquisitions are J.F. Packaging (a pioneer in the Sri Lankan flexible packaging industry), Union Commodities (Tea Brokers) and Ceylon Tapes. - See more at: http://www.ft.lk/article/452933/New-Lankem-House-opens-at-Navam-Mawatha#sthash.t6NKTdxT.dpuf
Date:   15 May 2015 Top German firm to boost The Palms in Beruwela
The Palms hotel in Beruwala will get a major boost under a strategic cooperation and marketing deal with one of the largest German tour operators the DTK Group. Beruwala Resorts Plc said that it has entered into a “Co-operation and Marketing Services Agreement” with DER Tourist Koln GmbH of Germany (DTK) with regard to The Palms. Under the agreement the 100-room hotel will be rebranded as “COOEE The Palms.” The COOEE brand represents a chain of international motif hotels which DTK is developing through a number of strategic hotel partners. Colombo Fort Hotels owns 65.58% and Sigriya Village Hotels Plc holds a 14% stake in Beruwala Resorts Plc. See more at: http://www.ft.lk/article/420623/Top-German-firm-to-boost-The-Palms-in-Beruwela#sthash.rLPKQyWh.dpuf
Date:   5 February 2015 Lankem acquires 72% of JF Packaging
Lankem Ceylon Plc has acquired 72.5% of J.F. Packaging Ltd., for Rs. 600 million. The stake amounts to 488,034 shares and the strike price is approximately Rs. 1,300 per share. J.F. Packaging is engaged in business of manufacturing, supplying, designing, laminating and printing a wide range of packaging solutions. Founded in 1987, the company began as a family business established in a small town near Kandy by Joseph De Fonseka (current Chairman is Lakshman De Fonseka) with the initial aim of creating jobs for the residents of the area. JF Packaging is the first company in a non-food processing industry to comply with Food Safety Standard Requirements laid down in standards such as HACCP as well as ISO 22000:2005 certification. Its top clients include global giants Unilever and Nestle. Last year JF Packaging was honoured with two awards for packaging excellence at the Lanka Star Awards. One Gold was for the ‘Stand-up Pouch with Spout’ for Unilever’s Vim Dishwash liquid that is a replacement of a costly plastic bottle as an economic substitute. This is the same product that won the award for the most ‘Innovative support in Packaging’ by Unilever Sri Lanka at their Supplier awards night. The second Gold Star was presented for ‘Bistro Tea, Coffee and Energy Drink Sticks’. It is an innovative patented pack originated with Sri Lankan tea and coffee in the form of a triple laminated micro perforated ‘Stick’. The stick packed with tea or coffee to be immersed in hot water to make a cup of tea or coffee. Lankem Ceylon PLC is a fast growing player in the diversified conglomerate sector with interests in agriculture, plantations, consumer, food and feed ingredients, industrial chemicals, industrial flooring, road surfacing, paints, pest control and hotels. Its investments span over 25 subsidiaries. The company has expanded its presence in South East Asia with its investment in rubber production in Cambodia.
Date:   8 April 2014 Lankem buys Ceylon Tapes
Lankem Ceylon Plc announced yesterday it has purchased the entirety of the shares of Ceylon Tapes Ltd. (0.8 m ordinary shares and 0.2 m preference shares), which is engaged in the business of manufacturing and trading of adhesive tapes, for Rs. 130 million. Lankem also announced that it purchased an equity stake of 43.6% of Waverly Power Ltd. from Agarapatana Plantations Ltd. for Rs. 102 million. Both companies, Waverly Power Ltd. and Agarapatana Plantations Ltd., are indirect subsidiaries of Lankem.
Date:   6 June 2014 Trip Advisor Traveler’s Choice Award 2014 for The Palms Beruwela
The tranquil star class resort is on the picturesque southern coast and has 113 beautifully designed deluxe rooms including exclusive suites with modern amenities. The latest addition to the hotel is the specialty sea food restaurant, ‘The Fishermen’s Wharf’ which over looks the breathtaking ocean, and serves fresh sea food delicacies. A stroll through the hotel can be pleasant, surrounded by palm trees and soothing water cascades. The management and staff of the hotel celebrate this momentous event as the hotel is ranked in the 20th position, amongst the top 25 hotels in the country, and has been awarded the Traveler’s Choice Award – 2014 by Trip Advisor.
Date:   1 April 2014 Lankem Paints celebrates 30 successful years with a 30% discount during March
Colombo.Lankem Paints Ltd, manufacturers, marketers and owners of the international flagship brand ‘Robbialac’ celebrates its 30th anniversary this year with a whopping 30% discount on its Enamel, Emulsion and Weather Coat paints during the month of March while saying ‘Thank You’ to its many thousands of loyal customers. Director Lankem Ceylon PLC Ruwan T. Weerasinghe said, “As we celebrate our 30th anniversary this year, we’re proud to be one of Sri Lanka’s leading paints manufacturers and one that is entirely home grown. This is the unique heritage we’re happy to share with our customers. The journey has been long and eventful as we have coloured the lives of tens of thousands of Sri Lankans across the country covering many generations”. “This discount is the first-ever of its kind in Sri Lanka’s paint industry and has been welcomed as a boon to consumers. It also comes at a time when consumers prepare for the forthcoming Sinhala and Tamil New Year while also facing high costs of daily living. In fact the island wide response to this has been incredible”, Weerasinghe added. This offer is available at all Robbialac Colour studios and from over thousands of Robbialac dealers, island wide. Details of the offer could be obtained through the dedicated hotline 0777004912 The Lankem story began in 1984 when it began commercial operations with the technical collaboration of Berger International, Singapore. Seventeen years down the line in 2001 it parted ways with Berger and ventured forth as a 100% local paint manufacturer with its own technology including the Robbialac brand: It is today probably the only Sri Lankan company to own an international band outright. A pioneer in Sri Lanka’s paints industry, Lankem is today Sri Lanka’s largest 100% local coatings manufacturer and marketer. Lankem’s rich portfolio includes emulsion, enamel, weather coat, special effects paints, primers, ancillaries, wall preparation, floor coats, anti-corrosive, adhesives, wood care, auto coat which cater to all needs of the Sri Lankan paints consumer. In 2002 Lankem received the ISO 9000 certificate and became the first ISO 9000 cerified paint company in the country. Similarly the Lankem paint factory at Ekala was the first paint manufacturing facility to receive SLS ISO 9001:2008 for Quality Management Systems. It is also the one and only paint manufacturer as at date in Sri Lanka to be awarded with ISO 14001 for Environmental Management Systems, in addition to the SLS mark. In 2003 the Company commenced practicing cleaner production methods while the Robbialac Colour Studios launched operations the same year. Lankem Robbialac goes on record as having taken the lead in Sri Lanka’s paints industry with the launch of its novel child-friendly product – Safe Coat. As a responsible corporate it reiterated its commitment to safeguarding not only the environment but also the future generations of this country. Among the Company’s CSR initiatives is the annual Robbialac Varna Pooja project through which the Dalada Maligawa is fully painted prior to the Esela Perahera. Now in its tenth consecutive year (2014), this annual ‘Varna Pooja’ is one of the numerous rituals associated with the Temple of the Tooth prior to the Perehera. The Company was also privileged to paint the Madhu Church for the annual feast as part of its continuous dedication to contribute to Sri Lanka’s rich culture and heritage through initiatives such as this. Mr. Weerasinghe added that, “We know that our lives and our personalities are also unconsciously shaped and moulded by our experiences and interactions with colour. From the times of the ancient cavemen to today’s professional designers, colour has been a medium of expression and freedom. We have, for the past thirty years, been offering local consumers the freedom to express themselves, and decorate their walls and spaces with our range of locally produced high quality paints”. “On the happy occasion of this 30th anniversary we extend our sincere thanks to our thousands of customers and suppliers, both in Sri Lanka and overseas and assure them of the highest quality products conforming to international standards at all times, and, to be with them in the next 30 years and beyond. A special note of thanks to our loyal Distributors and Dealers who by way of participating in this promotion are not only supporting Robbialac but also their own customers”, Weerasinghe concluded.
Date:   31 March 2014 LANKEM AGRO WINS NCPC AND GEO RESPONSIBILTY AWARDS
Colombo. March 2014. Lankem Ceylon Plc broke new ground in the business of crop protection, by being the first chemical company in Sri Lanka to win the all island ‘Geo Responsibility Silver Award’; at the annual award ceremony held at the BMICH. Geocycle, the professional waste management solutions provider inaugurated Geo Responsibility Awards in 2011, to recognize industries that practice best environmental management systems and popularizing sustainable waste management amongst the industrial community. Mr. Damith Vitharana, Director/COO Lankem Ceylon PLC accepted the award on behalf of Lankem “ At Lankem, economic consideration does not take priority over Environmental and safety standards, As Sri Lankan’s leading chemical company, we are committed towards maintaining best environment practices” said Mr. Vitharana Earlier on this year, Lankem Agro was the recipient of the prestigious Cleaner Production (CP) Bronze Award in the medium category, and were further felicitated with a Special Award for Excellence Performance in Water Efficiency. The National Cleaner Production Centre ( NCPC ) was established in 2002 by UNIDO. Their aim is to assist industries to operate more efficiently with minimum harm to the environment. Cleaner Production (CP) also known as Resource Efficient and Cleaner Production (RECP) is the tool promoted by NCPC to assist industries to achieve this goal. As a member of the global network of UNIDO/UNEP Cleaner Production Centers, NCPC-SL works closely with UNIDO and UNEP to promote the adaptation and adoption of Resource Efficient and Cleaner Production methods, technologies and systems by enterprises and other organizations in the country. Being pioneers in the Agro Chemical industry in Sri Lanka, Lankem has remained the undisputed market leader over the past decades, showing sure signs of commitment to pioneering development in this field. The factory which was initially located in Ekala was the recipient of several Merit Awards such as, The National Quality Award, National Safety Award, Industrial Safety Award and an Silver Award from NCPC to name a few. The subsequent relocation of their factory under the Gamata Karmantha Mahinda Chinthanaya programme has them furnished in a state-of-the-art manufacturing facility located in the Makandura Industrial Zone. In receiving this award Mr. Damith Vitharana, Director/COO had this to say “Cleaner production is not only motivated by environmental imperatives but also makes economic sense as it increases production efficiency while minimizing waste and emissions, over the years we have maintained world class standards by continuously improving product quality standards, environmental standards, health and safety of our staff, we are aware that quality, environment and safety are of the utmost importance in this field as we continuously strive to push forward. We are the first Agrochemical company to be accredited with three important certifications namely ISO 9001-2008 for Quality Management System, ISO 14001-2004 for Environmental Management System and OHSAS 18001-2005 for Occupational and Safety Management System. Our factory team is highly committed in maintaining the highest Quality, Safety and Environmental standards and we are very proud of our team for their dedication. He also stated that the company objective was not purely based on maintaining market leadership but to provide innovative crop protection solutions for the farming community, to enhance their agricultural productivity. “We aim to provide returns to all our stakeholders – our customers, our staff, our principals and our investors”. Growth aligned with multi-person benefits are the core aim of the company. Lankem Agro also heavily focuses on research and development activities, health and safety, training and skilled development to drive forward growth. “Over the past 50 long years, Lankem has been the leading agricultural input provider for sustainable agriculture and food security in Sri Lanka. We are a company with a strong Research and Development orientation, linked to the farmer community to transfer the latest knowledge and technology to achieve self-sufficiency in food in Sri Lanka” said Mr. Vitharana.
Date:   23 January 2014 Lankem is now on TWITTER
Lankem Ceylon PLC is now on Twitter - https://twitter.com/LankemCeylon
Date:   December 12, 2013 Club Palm Bay receives Saga Holidays award
Club Palm Bay, Marawila was awarded the Saga Holidays highly commended stay award for 2013 for their contribution towards ensuring Saga guests have an unforgettable stay. The award is given for quality of accommodation and consistency in high standards of service. A Colombo Fort Hotels product, Club Palm Bay – a 162 deluxe roomed resort hotel, the first all-inclusive hotel to be opened, located north of the International Airport, is honoured to have been recognised by our customers. Striving to improve their guest facilities and quality of services, the hotel contributes this award to their management and staff for the efforts taken to see that the guests experience a memorable stay at the resort. Club Palm Bay was also honoured with the 2013 trip advisor certificate of excellence, an accolade which honours hospitality excellence, and provides top performing establishments around the world the mark of recognition they deserve based on feedback received from their guests. For more information log on to their website: www.clubpalmbay.com.
Date:   24 August 2013 Lankem Robbialac launches ‘Safe Coat’ to take the worry away from parents
Director Lankem Ceylon PLC, Ruwan T. Weerasinghe said, “As its name suggests, this product is both anti-bacterial and totally eco-friendly. Added to this is the fact that has a very low Odour and a low VOC. Safe Coat also brings much needed relief to parents of little children in that it is both easily washable and stain resistant.” “As a responsible corporate we are committed to safeguard not only our environment but also the future generation and hence, we’re indeed honored to introduce this unique product to the market. We’re very much conscious of the hazards little children are faced with, especially in the environments they live in, hence the timely entry of this product to the Sri Lankan market”, Weerasinghe added. Safe Coat comes in bright and pastel shades and is ideal suited for children’s rooms and children’s wards in hospitals. It is also comes in a convenient square bucket which is again a first in the market. Reputed for manufacturing and marketing its flagship brand ‘Robbialac’, Lankem Paints Ltd is today, Sri Lanka’s largest 100% local coatings manufacturer and marketer. As pioneer in the local paints industry, it counts nearly three decades of wide ranging experience. Lankem’s portfolio includes decorative, industrial, epoxies, primers, ancillary, anti corrosives, auto refinish and wood care ranges which cater to all needs of the Sri Lankan paints consumer. The Lankem paint factory at Ekala was the first paint manufacturing facility to receive SLS ISO 9001:2008 for Quality Management Systems and is also the one and only paint manufacturer as at date in Sri Lanka to be awarded with ISO 14001 for Environmental Management Systems, in addition to the SLS mark. August 24, 2013
Date:   23 July 2013 Lankem Robbialac paints Dalada Maligawa for Esala Perahera
Lankem Paints Ltd, manufacturers and marketers of Robbialac Paints recently undertook the painting of the entire Dalada Maligawa complex in Kandy for this year’s Esala Perehera. Now in its ninth consecutive year, this annual ‘Varna Pooja’ by Lankem Paints is one of the numerous rituals associated with the Temple of the Tooth prior to the Perehera. Director Lankem Ceylon PLC Ruwan T. Weerasinghe said, “We consider it a unique honour and privilege to paint the Dalada Maligawa for the Kandy Esala Perahera. Apart from being a great meritorious act, we are also happy at being able to contribute to Sri Lanka’s rich culture and heritage through initiatives such as this. Lankem Robbialac is a fully home-grown Sri Lankan company and we thus do owe a deep debt of gratitude to the people of Sri Lanka”. Diyawadana Nilame Pradeep Nilanga Dela thanked Lankem Paints for its continued support in painting the Dalada Maligawa for the ninth consecutive year, ahead of the Esala Perehera. Reputed for manufacturing and marketing its flagship brand ‘Robbialac’, Lankem Paints Ltd is today, Sri Lanka’s largest 100% local coatings manufacturer and marketer. As pioneer in the local paints industry, it counts more than 28 years of wide ranging experience. Lankem’s portfolio includes decorative, industrial, epoxies, primers, ancillary, anti corrosives, auto refinish and wood care ranges which cater to all needs of the Sri Lankan paints consumer. It recently ventured into the water based wood coatings market in collaboration with a reputed Italian company with its brand ‘Acquashield’. The Lankem paint factory at Ekala was the first paint manufacturing facility to receive SLS ISO 9001:2008 for Quality Management Systems and is also the one and only paint manufacturer as at date in Sri Lanka to be awarded with ISO 14001 for Environmental Management Systems, in addition to the SLS mark. 23-July-2013 Source: Daily News
Date:   3 July 2013 Colour matching via smart phones, a Sri Lankan first from Lankem Robbialac
Colour matching via smart phones, a Sri Lankan first from Lankem Robbialac LankemRobbialac revolutionized Sri Lanka's paints industry with the recent launch of its colour matching application via smart phones. This novel application enables users to completely change or mix and match the colour of any surface in a virtual environment. One could download the application from Android or IOS App Store free of charge and thereafter use the Robbialac Colour Explorer App to take a photo of the desired surface. Selecting colours from Robbialac Emulsion or Weathercoat one can tap on the surface and get it painted with the selected colour and experience the effect of the colour on your wall as well as against the other decor. Director Lankem Ceylon PLC, Ruwan T. Weerasinghe said, "We're proud to be Sri Lanka's first paint manufacturer to introduce this unique concept to the market. This colour matching application brings all Sri Lankans the infinite possibilities of dramatically changing the surfaces around them". Users of this application can get an idea of what kind of Robbialac colours suits the surface more. They can choose the colour straight away from the store while saving valuable time without contemplating inside the store. This novel application is similar to having a Robbialac colour card at home at the touch of your finger tips. It saves cost in terms of another coat of paint by eliminating the costly risk of dissatisfaction with a choice of colour. This application is a boon to interior designers and architects because they can instantly show the client how the selected Robbialac colour works rather than doing a costly graphic design on any other software added Mr. Weerasinghe. July 3, 2013
Date:   16 June 2013 Lankem to pursue crop diversification
In the wake of challenging times amongst plantation companies, the Chairman of Lankem Ceylon Plc, A. Rajaratnam says their management has made a conscious decision to diversify the crops planted on the estates of the Group’s two plantation Companies Kotagala Plantations PLC and Agarapatana Plantations Ltd in order to mitigate some of the risks involved in the Plantation sector. In his message to stakeholders at the release of the group’s Annual Report 2011/2012, the Chairman said that with this strategy in mind Kotagala Plantations PLC is replanting nearly 1000 hectare of low yielding rubber with oil palm and Agarapatana Plantations Ltd is replanting some low yielding tea areas with rubber and cinnamon. “During the course of the past financial year Kotagala Plantations PLC was also successful in obtaining the approval from relevant Government regulators to plant 20,000 Ha of rubber in Cambodia. Once the entire extent of land is planted, this will represent a five-fold increase in the acreage of rubber under cultivation for the Company. With significantly lower wage costs, and higher yielding lands, the profit per acre from the Cambodian estates will be much higher than the equivalent estates in Sri Lanka”, Lankem Chairman, Rajaratnam confided. He noted that during the year under review, the Group’s two plantation companies Kotagala Plantations PLC and Agarapatana Plantations Ltd faced challenging times with a decrease in profits to Rs. 438.6m in the case of Kotagala Plantations PLC and a loss of Rs. 555.3m in the case of Agarapatana Plantations Ltd. “The wage hike that was granted to workers in the early part of the financial year was a major strain on the profitability of both Companies. In order to secure the future viability of the Plantation sector in Sri Lanka, any future wage increases must be linked to increased levels of productivity”, he suggested adding that the Companies continue to rationalize their workforces in both Companies to ensure that profit levels can be maintained in the future “The profitability of both Companies was also impacted by the volatility of commodity prices seen during the year. The performance of Agarapatana Plantations Ltd was severely impacted by the low tea prices fetched at the auctions”, he further pointed out. Lankem Ceylon PLC at Group level recorded a turnover of Rs. 24.1bn and a profit after tax of Rs. 1,232.3m. At company level turnover improved to Rs. 5.8bn and profit after tax increased to Rs. 730.3m. Sunday, 16 June 2013 Source: www.nation.lk (By Azhar Razak)
Date:   13 March 2013 RAM Ratings Lanka reaffirms Lankem Ceylon PLC’s A-/P2 ratings
RAM Ratings Lanka has reaffirmed Lankem Ceylon PLC’s (“Lankem” or “the Company”) long- and short-term corporate credit ratings of A- and P2 respectively. The outlook on the long-term rating is stable. The ratings are supported by its diversity in business operations, dominant market positions in most of its business lines, the resilient demand for agrochemicals, and aboveaverage debt-protection metrics. However the ratings are pressured by its exposure to the volatility in the plantation segment and its vulnerability to fluctuations in raw material prices as well as the below-average liquidity profile. Lankem and its subsidiaries are collectively referred to as “the Group”. Lankem, through its subsidiaries, is mainly engaged in the manufacture and distribution of agrochemicals as well as the cultivation of tea and rubber, with a presence in the consumer goods and paints sectors. Its other business ventures include interests in hotels, agriculture, construction and trade. The diversity has enabled the Group to better withstand downturns in a particular sector, as weaker showing in one sector can be offset by the better performance in another. The ratings are upheld by the Group’s good market position in its key business lines. Lankem is one of the top 3 players in the agrochemicals industry. Furthermore, Lankem is also among the top 3 players in the paint industry while controlling 60% of the thinner market owing to its exclusive dealership agreements and distribution fleet. Elsewhere, Lankem is a major player in the bitumen industry aided by its established brand name and distribution network. Meanwhile, the ratings are also upheld by the resilient demand for agrochemicals. Lankem’s agrochemicals division has been one of the main contributors to the Group’s revenue and profits; its revenue is largely derived from its herbicides, which are a crucial input in paddy cultivation. Since rice is the country’s staple food, the demand for herbicides is anticipated to remain relatively resilient. We note that the Group’s performance deteriorated significantly in fiscal 2012, in line with a drop in revenue of its plantation segment and sluggish sales growth in chemicals and hardware; as such, its operating profit before interest and tax (“OPBDIT”) contracted 34.99% year-on-year (“y-o-y”). This coupled with heavier borrowings, resulted in its funds from operations debt coverage (“FFODC”) halving to 0.25 times as at 31 FYE March 2012 (“end-FY Mar 2012”); lower than RAM Rating Lanka’s expectations. Although Lankem’s debt protection metrics are still opined to be above average, the deterioration is viewed with concern. Moving ahead, the Group’s FFODC ratio is envisaged to hover around 0.20 times, in line with its rising borrowings; any further weakening of its financial profile beyond our expectations is likely to result in a negative rating action. Meanwhile, the ratings continued to be weighed down by its exposure to vagaries in the plantation sector. The plantation segment is the largest contributor to Lankem’s earnings, accounting for more than 50% of its pre-tax profit in recent years. Lankem’s performance is highly susceptible to the vagaries of the plantation sector such as weather conditions, cost pressures (particularly wages), rising energy costs and varying fertiliser prices. In fiscal 2012, the segment’s performance deteriorated owing to adverse weather conditions and an increase in plantation sector wages. Furthermore, the Group is exposed to the volatilities in raw material prices. The Group has been able to pass on cost increases to its customers owing to its good market positions in its major businesses. That said its margins could be pressured should its ability to pass on cost increases to its customers on a full and timely basis be affected amid keen competition. Lankem’s liquidity position is deemed below-average in line with its increased dependency on short-term borrowings and relatively low cash reserves. As at end-June 2012, the Group had cash reserves of LKR 1.47 billion, compared to LKR 5.26 billion of short-term borrowings which made up around 66% of its entire borrowings. However, we derive comfort from its unutilised funding lines amounted to more than LKR 1 billion. 13-March-2013 Source: Lanka Business Online
Date:   29 January 2013 Lankem Consumer commissions Rs.70mn laundry soap plant
Lankem Consumer Products Ltd, a subsidiary of Lankem Ceylon PLC, recently commissioned its brand new laundry soap plant at its manufacturing complex in Sapugaskanda, thereby taking yet another step into the future. Lankem Ceylon PLC Director Ruwan T. Weerasinghe said, “After months of hard work, we are proud and delighted with this achievement and the outcome of the facility. This Rs.70 million state-of-the-art laundry soap plant is on par with any international standard and has a capacity of producing 15 MT per shift. With the commissioning of this facility we are geared to creating a new dimension in the Sri Lankan laundry soap market by offering a product with germicidal properties and setting a new standard in the laundry category which will, in turn, improve the quality of life of all Sri Lankans.” Lankem Sunny Double Active soap is currently marketed in two variants: Yellow soap with a rustic and woody/floral fragrance and White soap with jasmine fragrance. They both contain germicidal properties unheard of in the category before. “Laundry soap is the single largest category in the laundry business in Sri Lanka and this state-of-the-art plant is capable of producing high quality laundry soap tablets. It also gives Lankem total control of all the inputs which will help us deliver a superior product to the Sri Lankan consumer,” Weerasinghe added. Lankem Consumer Products Ltd has over the years won the hearts of many Sri Lankan households by producing and marketing quality, value-for-money products. In its portfolio are ‘Teepol’, Sri Lanka’s first liquid detergent, ‘Bubble’, the first laundry detergent powder for washing machines and ‘Fenol’, the only disinfectant in the country which kills escherichia coli (ecoli). With the commissioning of this plant, Lankem is now poised to create a revolution in Sri Lanka’s launder soap industry. Tuesday, 29 January 2013 Source: Daily Mirror