Chemanex Limited
52, Galle Face Court 2,
Colombo 3, Sri Lanka.
Telephone :94-1-326845  Facsimile :94-1-445050

A Public Limited Liability Company incorporated in 1974 and quoted on the Colombo Stock Exchange in 1974.  Chemanex manufactures Textile Auxiliaries, Adhesives, Pigments, Emulsions, Polythene and agro based products.

Current problems and new initiatives, summarized from the Chairman's statement of July 1, 1997.

Principal Activities:
Principal trading activity continues to be the servicing of local industry with chemical based intermediates. The depressed state of the textile manufacturing industry retarded progress of Daevonex Ltd in both manufacturing and trading operations.

The capacity of the company's computer hardware was inadequate to cope with growing requirements and has now been supplemented.

SUBSIDIARIES
Chemanex Adhesives (PVT) Ltd: Manufacture and marketing of industrial powder adhesives.
Chemanex Exports (PVT) Ltd: The exporting arm of the company.

Chemicals and Resins (PVT) Ltd: Manufacture and marketing of speciality chemicals.

Daevonex (PVT) Ltd: Manufacture and marketing of reeds for textile weaving, stitching wire for packaging and trading in textile accessories.

Melanex (PVT) Ltd: Manufacture of Melamine tableware, production of which was discontinued in 1995/6 for lack of profitability.

Yasui Lanka (PVT) Ltd: Formed with BOI status to manufacture intermediates for work-ware and engaged in commercial production from June 1997.

 

Financial Highlights

Year ended 31 March (SL Rs. Millions)

1997

1996

Revenues 181 131
Net Profit 26 14
EPS - Rs. 8.38 4.72
Total Assets 219 192
Total Debt 51 41
Total Equity 168 151
 
Visit  Chemanex Web Page
 

Chemical Industries (Colombo) Limited (CIC)
CIC House, Kew Road,
Colombo 2, Sri Lanka.
Telephone :94-1-328421  Facsimile :94-1-440894

A Public Limited Liability Company incorporated in 1964 and quoted on the Colombo Stock Exchange in 1964.  Company is one of the premier manufacturers of Paints, Chemicals and Fertilizer.

Mission
To be the most innivative group of companies in Sri Lanka, consolidating and diversifying locally, whilst reaching out to global markets.
SUBSIDIARIES
CIC Paints (Pvt) Limited
CIC Seeds (Pvt) Limited
CISCO speciality Packaging (Pvt) Limited
CIC Agro-Biotech (Pvt) Limited
CIC Fertilizers (Pvt) Limited
Italpolo Footwear (Pvt) Limited
 
Financial Highlights
Year ended 31 March (SL Rs. Millions)

1997

1996

Revenues 3,418

3,084

Net Profit 43

71

EPS - Rs. 3.05

7.14

Total Assets 2,364

2,200

Total Debt 1,607

1,433

Total Equity

757

767

 

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Glaxo Wellcome Ceylon Limited
121, Galle Road, Kaldemulla,
Moratuwa, Sri Lanka.
Telephone :94-1-636341-2  Facsimile :94-1-635000

A Public Limited Liability Company incorporated in 1956 and quoted on the Colombo Stock Exchange in 1963. 

Principal Activities:
"Glaxo Wellcome Ceylon Limited nanufactures and markets under the Glaxo Wellcome banner, safe and effective medicines of the highest quality. This includes marketing of our existing range of prcducts with greater effectiveness, and making every effort to expeditiously market new prcducts (NCES) discovered by Glaxo Wellcome.
Our existing products include, Anti-ulcerants, Respiratoryproducts, Systemic Antibiotics, Anti-virals, Dermatologicals and Anti-emetics. In addition, products of local opportunity such as the cough and cold preparations, analgesics, vitmin inhnineral supplements which are manufactured at our factory in Moratuwa, together with other Health care products (Nutritional supplements and infant cereals), make significant contributions to the Company’s turnover."
 
Financial Highlights
Year ended 31 December (SL Rs. Millions)

1996

1995

Revenues

620

255

Net Profit 33 4
EPS - Rs. 9.11 4.47
Total Assets

279

251

Total Debt 107 105
Total Equity 172 146

 

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Haycarb Limited
Hayleys Bldg., 400, Deans Road,
Colombo 10, Sri Lanka.
Telephone :94-1-696331-6 Facsimile :94-1- 699630

A Public Limited Liability Company incorporated in Sri Lanka in 1973 and quoted in the Colombo Stock Exchange in 1975.  Is a part of the Hayleys Group, a large local Trading company. Company is one of the largest manufacturers and exporters of Activated Carbon, Compressed coir dust and other soil products. Haycarb has significant investments in the Hotels sector.

Mission
Tomorrow's product from yesterday's waste.
Principal Activities:
Manufacture and export of Activated Carbon.
SUBSIDIARIES
Eurocarb Products Limited
Haycarb Holdings (Australia) (Pvt) Limited
Lignocell Limited
Magic Soils (Pvt) Limited
Pelacco Limited
Carbokarn Co. Limited
Puritas Limited
Deltacarb Limited
Haymark Inc.
Carbotels Limited
Financial Highlights
Year ended 31 March (SL Rs. Millions)

1997

1996

Revenues 1,172

946

Net Profit 155

155

EPS - Rs. 8.96

8.84

Total Assets 1,170

990

Total Debt 412

321

Total Equity 758

669

 

Visit  Haycarb  Web Page
 

Industrial Asphalts (Ceylon) Limited
40 2/1, Church street,
Colombo 1, Sri Lanka.
Telephone :94-1-320872 Facsimile :94-1-323648

A Public Limited Liability Company incorporated in 1964 and quoted on the Colombo Stock Exchange in 1978.

Principal Activities:
The Company’s principal activities are manufacture and distribution of bituminous products, distribution of a range of surface coatings, and merchanting of industrial chemicals.

Financial Highlights

Year ended 31 (SL Rs. Millions)

1997

1996

Revenues 94 85
Net Profit 4 3
EPS - Rs. 2.50 2.00
Total Assets 58 58
Total Debt 18 20
Total Equity 40 38
Visit Ind. Asphalts Web Page

Lankem Ceylon Limited
760-762, Baseline Road,
Colombo 9, Sri Lanka.
Telephone :94-1-698292 Facsimile :94-1-686281
 
GROUP PROFILE
Lankem Ceylon Ltd. was incorporated under the Companies’ Ordinance No. 51 of 1938 (CAP.145) on 15th September 1964, as a Private Limited Liability Company. It was converted into a Public Company on the 14th of November 1968 and commenced commercial operations on the 16th of March 1970.
 
The Company’s main line of business is Agro-chemicals. It has now diversified into a wide field of interests ranging from manufacture and trading in Industrial Chemicals, Consumer Products and Paints, to Construction, Tourism, the Hotel Industry and not the least of them, Plantations. Lankem’s image is well reflected in the wide range of popular brands it markets. Its extensive range of Agro-chemicals includes Insecticides, Weedicides, Fungicides, Plant stimulants and special Fertilizers.
‘Robbialac’ manufactured by Lankem in collaboration with a partner of high international repute - Berger Paints, is now a household word in Sri Lanka, The Paints division of Lankem Ceylon Ltd. has introduced a high quality satin finish to its wide range of decorative paints and has also commenced production of a new generation of automotive paints.
The consumer division specialises in detergents, general cleaners and insecticides for
households.
Rubber chemicals, Thinners, Cut-backs, Road emulsions and epoxies account for major portion of Lankem’s trade in industrial and bituminous products.
Kotagala Plantations Ltd., Agarapatana Plantations Ltd. (with a total cultivated area of 45,000 acres in Tea & Rubber), Lankem Developments Ltd., Sigiriya Village Hotels Ltd. and Colombo Fort Hotels Ltd. are the main players in the Group’s diversified operations.
Creasy Foods Ltd., the Group’s associate company is engaged in the manufacture of canned fruits, jams, cordials, sauces and desserts marketed under the "Sunnyhill" brand name.
Lankem Ceylon Ltd. has a broad-based shareholding consisting of 1,380 members as at 31st
March 1997.
 
SUBSIDIARY COMPANIES
Lankem Developments Ltd.
Sigiriya Village Hotels Ltd.
Lankem Plantation Services Ltd.
Lankem Paints Ltd.
Lankem Consumer Products Ltd.
Colombo Fort Hotels Ltd.
Lankem Exports Ltd.
Lankem Plantation Holdings Ltd.
Lankem Tea & Rubber Plantations (Pvt) Ltd.
Kotagala Plantations Ltd.
Agarapatana Plantations Ltd.
Wornels Reef Hotels Ltd.
York Hotels (Kandy) Ltd.
 
ASSOCIATE COMPANIES
Creasy Foods Ltd.
Marawila Resorts Ltd.

 

Financial Highlights

Year ended 31 March (SL Rs. Millions)

1997

1996

Revenues 2,003 708
Net Profit (19) 10
EPS - Rs. - 0.92
Total Assets 3,632 881
Total Debt 3,350 715
Total Equity 282 166
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Reckitt & Colman of Ceylon Limited
Borupana Ferry Road,
Ratmalana, Sri Lanka.
Telephone :94-1-636051 Facsimile :94-1-632977

A Public Limited Liability Company incorporated in 1962 and quoted in the Colombo Stock Exchange in 1967.

Principal Activities:
Reckitt & Colman of Ceylon Limited manufactures and markets a range of branded consumer goods covering Household, Personal Care, Pharmaceutical and Food uses. Its famous Brands include the Mortein range of insecticides, Cardinal and Mansion floor polishes, Robin soap, Robin blue, Haze air fresheners, Harpic toilet cleaners, Brasso and Silvo metal polishes; Cherry Blossom shoe polish; Veet depilatories; Disprin, Setamol and Codis analgesics; Dettol liquid antiseptic, Dettol Soap, Dettol Plasters; Gaviscon indigestion remedy; Fybogel fibre supplement; Colman’s Vinegar and Colman’s powdered soft drinks.
The wholly owned subsidiary Reckitts Products Lanka (Pvt) Limited is now fully operational. The total output of Mortein mosquito coils from the Reckitts Products Lanka (Pvt) Limited factory is purchased and marketed by Reckitt & Colman of Ceylon Limited.
 
SUBSIDIARIES
Reckitts Products Lanka (Pvt) Limited
Financial Highlights
Year ended 31 December (SL Rs. Millions)

1996

1995

Revenues 1,247 1,082
Net Profit 107 91
EPS - Rs. 8.17 13.96
Total Assets 615 476
Total Debt 209 151
Total Equity 406 325

 

Visit Reckitt & Colman Web Page