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The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 11.7 billion, profit before tax of Rs. 1,119 million and profit after tax of Rs. 898 million for financial year 2015/16. The earnings per share of equity holders of the company was Rs. 22.93 for the year.

The Chairman of Haycarb PLC and its parent company Hayleys PLC, Mr. Mohan Pandithage, said that it is noteworthy that the company withstood the challenges in global markets and the raw material supply chain to post a profit before tax of over Rs. 1 billion for the 4^th consecutive year, signalling its strong position in the activated carbon industry and purification solutions.

Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan explained that several initiatives were pursued to mitigate the adverse impact of the global market conditions and the supply chain constraints during the year. The change in our distribution and marketing model in the USA, the downturn of the economies and the fluctuation of currencies in the key markets that the company operates in, the continued slow-down in the gold mining industry, low cost competition from manufacturers based in countries such as India, Indonesia & Philippines and the shortage of charcoal supplies notably in Thailand were the key challenges encountered during the year.

He said that the two pronged marketing approach of strengthening and restructuring Haycarb’s marketing teams spread across USA, Europe, Australia, Thailand and Indonesia whilst expanding other distribution channels enabled Haycarb to expand its share of existing markets and enter new markets. “Successes in development and commercialization of a number of value added carbon products were encouraging and helped to retain net margins” he added. Lean and cost saving initiatives that generated savings and efficiencies through energy saving projects, waste elimination and automation brought in cost savings and added to the bottom line.

Continued promotion of “Haritha Angara”, the environmentally friendly charcoaling model through financial and technical assistance together with the focused expansion of the local collection network significantly reduced Haycarb’s dependency on imported raw material in Sri Lanka. Similarly in Thailand, a newly developed environmentally friendly vertical charcoaling kiln facility which is capable of producing and supplying a substantial percentage of our raw material requirements was installed and commissioned during the year.

Mr. Kariyawasan stated that Thailand and Indonesia operations reported notable growth and performance due to increases in energy efficiency, further improvements to the product mix through increased value added products and expansion of kiln/processing capacity.

Commenting on the performance of the Environmental Engineering Company, Puritas (Pvt.) Ltd., he said, “Puritas has posted creditable growth in top and bottom lines with the expansion of its market share in water and waste water treatment systems in Sri Lanka and the Region, especially in the Maldives”.

Haycarb remains committed to play a leading role in Puritas Sath Diyawara, which is the flagship CSR initiative of our parent company Hayleys PLC, to provide purified drinking water to families in  Chronic Kidney Disease (CKD) affected villages in the North and North Central Provinces in Sri Lanka. We are pleased to report that six additional projects have been completed under the patronage of key sectors of the Hayleys Group, increasing the total Purification Plants commissioned under Puritas Sath Diyawara to 10 projects to date, supplying over 100,000 litres of purified water per day to 20,000 people across 13 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 global emphasis placed on environmental sustainability, standards and regulations.

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.

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, Dushantha Ranaraja, Nimal Perera, Dr. Sarath Abayawardana, Sujeewa Rajapakse, M. S. P. Udaya Kumara, Brahman Balaratnarajah, Ms. Sharmila Ragunathan, Ali Caderbhoy and James Naylor.

We are proud to announce that Hayleys PLC was ranked the No.1 company in the LMD’s Top 100 listed companies of Sri Lanka. The award was received by Chairman & Chief Executive, Hayleys Plc, Mr. Mohan Pandithage at a gala event organized by CIMA-LMD this week. For more information please follow the link www.hayleys.com.

 

Eurocarb’s parent Haycarb is in turn one of the larger entities within the Hayleys group; one of the biggest multinationals in Sri Lanka and a distinguished blue chip conglomerate known throughout Asia.

From 3^rd – 6^th November we will be exhibiting at Aquatech 2015 in Amsterdam, The Netherlands.

Whether you are an existing customer or looking for new business opportunities you will be able to discuss in more detail your current requirements for activated carbon with our team.

Please come and visit us at stand 01.627!

The Eurocarb Team

Filtech 2015 in Cologne has successfully finished for Eurocarb this year.

Meeting current and potential customers have been an excellent opportunity to discuss a great variety of enquiries and queries regarding our products.

We are looking forward to meeting you at Aquatech in Amsterdam!

This year we will be exhibiting at Filtech 2015 that will be held at the new venue Cologne, Germany.

Every exhibition is a great opportunity for us to show our wide range of high quality products and have a closer glance of the market whilst meeting with old customers and new companies to discuss different topics and requirements.

Come to our stand and visit our team in Hall 11.1, Stand K2!

Eurocarb team.

Keeping our presence in the most global exhibitions and shows as the leading manufacturer of specialist Activated Carbon throughout Europe, we are glad to announce that Eurocarb will be exhibiting at IFAT 2014 in May.

Every show is a great opportunity for us to show our wide range of high quality products and have a closer glance of the market whilst meeting with old customers and new companies to discuss different topics and requirements.

Come to our stand and visit our team in Hall A3, Stand 122!

We are delighted to announce a new addition to our team. Rhys Thomas has joined us in the position of Quality Supervisor, and will manage our laboratory facility and quality system.

With a Masters degree in chemistry from the University of Warwick, he brings considerable scientific expertise to us and will also contribute to our new product development projects as part of the wider Haycarb team.

After our successful presence in Filtech (Wiesbaden) we are pleased to announce that this year Eurocarb will also be exhibiting at Aquatech in Amsterdam, a show that gathers experts in the field of Water Treatment.

We will be located in Hall 7 Stand 246 where you will have the opportunity to meet us and discuss with our team any requirements.

Formed in 1986 as the European subsidiary of Haycarb PLC, Eurocarb is pleased to announce our 25^th year of successful business.

We marked this occasion with a special celebration aboard the historic SS Great Britain in Bristol where we hosted friends new and old for an update on new changes at Eurocarb and our parent company Haycarb. Senior representatives from both companies led short presentations before entertaining guests, including long-time and new customers along with the original founders of the company at a below decks dinner.

The event was an excellent opportunity to relax and honour those who have helped the company be where it is today.

Eurocarb looks forward to continuing our success as one of Europe’s leading manufacturers and suppliers of Activated Carbon.

This is to notify you that, with immediate effect, we are changing our QA clearance test for carbon activity from the CTC test (ref. ASTM D3467-04), to the Butane test (ref. ASTM D5742-95). We will continue to report CTC activity on all relevant documentation, but in future this will be derived from the Butane test by correlation.

This approach has been industry practice for some time since the sale and use of Carbon Tetrachloride and other CFCs has been banned and restricted respectively under the Montreal Protocol, owing to ozone depletion. Eurocarb has held stock of CTC and has continued testing under licence until recently. Our parent company Haycarb, in line with the group’s strong environmental policy, has for many years been operating a CTC recovery system where 99.5% of all CTC used has been recovered and recycled.

Butane is a safe, clean alternative to CTC. The correlation between Butane testing and CTC testing is not linear. Eurocarb has therefore conducted extensive testing for its coconut shell based products over the last 2 years to define the correlation between Butane activity and CTC activity.

Please note that this change will be applied to all of our goods inwards and outwards QA testing but will not affect the products you buy or their specifications in any way.

Please do not hesitate to contact us if you require further clarification.

I am pleased to advise that Eurocarb Products Ltd has now completed the initial process of REACH registration for Activated Carbon.

The REACH regulations (Registration, Evaluation, Authorisation and restriction of Chemicals) came into force on 1^st June 2007. They require the registration of all chemicals imported into or manufactured in the European Union.

In order to achieve registration, it was necessary to create a large dossier of technical and safety information, to allow correct classification of Activated Carbon and identify safe uses, impurity levels and any hazards. The industry group Activated Carbon industry Producers Association (ACPA) cooperated in this work, forming a consortium during 2009 to coordinate all the necessary testing and data gathering. Eurocarb Products Ltd has participated in the technical and steering committees of this group.

During the research, it was found that activated carbon would actually have to be divided into two substances, owing to some significant differences in basic properties. These two substances are:

AC-HDS: High skeletal density carbon, produced by steam activation. AC-LDS: Low skeletal density carbon, produced by chemical activation.

Further information can be found at Reach Activated Carbon.

For substances manufactured or imported in quantities greater than 1000 tonnes annually, the deadline for registration is 1^st December 2010. If registration is not completed, further manufacturing or trading is not permitted. For substances in quantities from 100 to 1000 tonnes, the deadline for registration is 1^st June 2013.

Nearly all of Eurocarb’s products at present fall into the AC-HDS (steam activated) category, nevertheless we have decided to register both substances from the start in order to ensure clarity for all of our customers.

Our registration numbers are:

• 01-2119488894-16-0010 for AC-HDS • 01-2119488716-22-0005 for AC-LDS

The REACH Process does not stop here. The dossier must be kept up to date and to this end the consortium will organise further testing to check respiratory exposure outcomes and other requirements during 2011. In addition, we will be updating our MHSDS sheets to comply with the new REACH requirements, and altering packaging information to comply with the new CLP requirements over the next few months.

The REACH regulations impose significant duties and costs on all reputable manufacturers, as well as users of chemicals. So far as Eurocarb is concerned, we are delighted to have achieved our registration in good time so as to give all customers assurance of reliable supply continuity.

Please do not hesitate to contact the team if you have any questions.