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CEAT to save the country Rs 11 billion in forex

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CEAT Kelani Holdings has announced that in response to the government’s policies to develop domestic industry, it has stepped up capacity utilisation across all its manufacturing plants to supply the full domestic requirement of truck and bus tyres, thereby helping to conserve much-needed foreign currency for the country.

Rising to the challenge of the temporary import restrictions in place, the company which already manufactures the majority of Sri Lanka’s tyre requirements said it could supply 100 per cent of the passenger bus and goods transport sectors’ tyre needs through domestic production.

This would represent a saving of Rs 11 billion a year in foreign exchange through import substitution, the company said.

“The role of local industry is primarily to supply domestic needs and export surplus production, which CEAT Kelani Holdings has done very successfully for many years,” the company’s Managing Director Mr Ravi Dadlani said. “We have periodically invested in expanding capacity and product range and now export to 16 countries. However, although we can supply 100% of the truck and Bus tyre requirement with current production, we also have the option if the need arises, to shift some of our export volumes of markets that have not yet opened up to cater to the domestic market and support the government’s effort to reduce foreign exchange outflows.”

Elaborating on the company’s capacity to meet additional domestic demand created by the restriction of imports, Dadlani disclosed that CEAT Kelani can currently produce two million tyres annually in many categories with an imminent addition within next few of weeks of a further 200,000 car and van radial tyres since new machinery is being installed pending the arrival of foreign technologists to commission the new capacity.

“It is also our opinion that in many applications it is cost-beneficial and a viable alternative to replace imported 10.00 R20 Radial Truck and Bus tyres with locally produced 10.00-20 Heavy Duty 18 PR Bias-ply tyres,” Mr Dadlani said, pointing out that with its ability to be re-treaded multiple times in a lifespan due to its robust heavy duty nylon construction, users can enjoy a lower cost per km from CEAT Truck and Bus tyres. He said this alternative, in addition to saving much-needed foreign exchange to the country, would also support the local tyre re-treading industry which currently is in need of more good quality nylon tyre casings for its growth.

Truck Bus tyres that fit 20-inch rims are among those that have been categorised as restricted for import at present, along with Car radial tyres that fit rims of 12, 13 and 14 inches.

CEAT Kelani has also announced that it has kept the prices of its tyres unchanged since December 2019 to support customers and the economy.

In July the Company launched ‘CEAT LYFMAX’ – a heavy-duty 10.00 R-20 size Bias-ply tyre for trucks, engineered and built specifically for users who consider heavy load-carrying capability with higher mileage a priority. Each tyre weighs a solid 52kgs (115 pounds) and has been extensively tested and benchmarked against two of the top imported brands attributed with load-carrying credentials in the local market.

CEAT Kelani Holdings is considered one of the most successful India – Sri Lanka joint ventures in the manufacturing sector. The joint venture’s cumulative investment in Sri Lanka to date totals Rs 8 billion, inclusive of Rs 3 billion committed in January 2018 for expansion of volumes, technology upgrades and new product development. The company’s manufacturing operations in Sri Lanka encompass pneumatic tyres in the radial (passenger cars, vans and SUVs), commercial (Bias-ply and radial), motorcycle, three-wheeler and agricultural vehicle segments.

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New Administration building at Horana EPZ opened

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The BOI’s Horana Export Processing Zone ceremonially opened its 46 million-rupee new administrative building recently with BOI DG Sanjaya Mohottala as chief guest. The event was attended by a large number of investors, government officials and the senior BOI officials, the BOI announced.

Mohottala said on this occasion that “our biggest challenge is to maintain the GDP rate at 6% for the next 10 years with the BOI charged with the responsibility of uplifting the economy and attracting Foreign Direct Investment.

“We need to provide necessary infrastructure facilities and a healthy investment climate with a more proactive rather than reactive role,” he said.

He announced that steps are being taken to develop thrust sectors for investment such as pharmaceuticals, agricultural processing, ICT, aquaculture and rubber etc. Also the BOI was responsible for providing investors with an efficient service.

Horana Export processing Zone was established in 1999 on 390 acres of which 181 acres is industrial land. The infrastructure provided include water, processing of waste water and electricity, making the zome attractive to investors.

Zone companies have generated 3,375 direct employment opportunities and twice that number of indirect jobs with total export revenue of Rs 8.6 billion earned in 2019.

There are 21 enterprises in commercial operation at the Horana EPZ involved in the manufacture of apparel & accessories, food, wooden products, consumer goods, steel, aluminum and plastic products.

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GPV Lanka awarded SLS 1672: 2020 COVID-19 Safety Management System

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GPV Lanka (Pvt) Ltd., recently received the Certificate of Conformity – SLS 1672:2020 COVID -19 Safety Management System from the Sri Lanka Standards Institution (SLSI).

This confirms the company’s unparalleled commitment towards ensuring health and safety measures among its workforce and all stakeholders engaged in its day-to-day operations.

Preparations to face the pandemic’s consequences within a short time is a noteworthy aspect of the organisation. Furthermore, this qualification will support to keep production geared up to serve overseas customers with minimum hindrance.

GPV Lanka (Pvt) Ltd., has become the first Sri Lankan Company into electronics manufacturing to receive this certification. GPV was founded in Denmark in 1961 and is today one of Europe’s leading electronics manufacturers. GPV is a global EMS-partner providing complex electronics, cable-harness, mechatronics and box-build solutions including design and engineering activities to customers worldwide within high mix/low-medium volume.

GPV generates a revenue at about USD 460 million with around 3,700 employees and has production sites across Europe, Asia and the Americas.

GPV Lanka (Pvt.) Ltd has been in the industry in Sri Lanka for more than 30 years and today it has 1,022 employees including 45 electronic engineers with a state-of-the-art manufacturing facility.

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Lankan company offers Chinese language services

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In a global climate where China has established its standing as the second largest and fastest growing economy in the world, the extent of the country’s scale and integration has meant that proficiency in Chinese has become a coveted asset.

Hàny? Services -a Sri Lanka-based Chinese content creation, translation, and interpretation company- has launched with a wide portfolio of professional Chinese language services to fulfil the growing interest in investing in this highly lucrative market.

“The company, with its vast global network of qualified Chinese linguists, delivers translation service excellence for any industry, where content is produced such that the client’s brand message is effectively conveyed without the loss of style, tone or context. The language service provider’s scope of services in this regard include document and website translations, interpretation, proofreading, voice-over services, and video subtitling, the SL company said in a news release.

“Additionally, clients of Hàny? Services stand to gain a strong competitive advantage in their respective sectors by having tailor-made content created that will best target the Chinese market accurately, ensuring that every message communicated is localized persuasively.”

The company’s team of seasoned Mandarin translators and writers are experienced in Chinese content writing, creation of localized marketing collateral, website localization and translation, and video creation, helping businesses find their distinctive voice and share their brand story through exceptional content, the release said.

The service also offers greater insight into Chinese business culture and etiquette, a vital asset for those looking to do business with or in China. Here too, Hàny? Services offers training on Chinese business language and culture that will help earn clients’ trust through the ability to communicate and negotiate better; paving the way for more successful agreements and business deals, it added.

Recently the agency launched Sri Lanka’s first ‘Mandarin Corner’ -an interactive initiative to encourage Lankans from across the island to learn, practise, and network in Mandarin with native speakers, students, and others. communication overall, the release said.

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