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Tea export earnings up by 6% in Jan. ‘21 over same period last year

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by Steve A. Morrell

Asia Siyaka Tea Brokers said in their weekly market report that Rs. 19.2 billion earned from tea exports in January 2021 was a healthy indicator, which reflected a six per cent increase over the corresponding month in 2020.

In January 2020, tea export earnings were Rs. 18 billion (US$ 101 million).

The Sri Lanka Tea Board said production in January 2021 was 23 million kilos, a year-on-year increase in comparison to 21. 9 million kilos in January 2020.

Planters in Maskeliya attributed the enhanced production to continuous growing weather conditions through January, leading to a crop upsurge resulting in positive results for the industry.

The Asia Siyaka Tea Brokers report further said in the low grown sector, comprising mainly tea smallholders, year-on-year, gain was 14. 9 million kilos, which contributed to the positive results. Western and mid grown results, although positive, were not as high as low growns.

Turkey was the biggest importer of Ceylon Tea at 3.8 million kilos. Russia, Iraq and China, the report said, increased their buying at about 80 percent of the total market.

In addition, shipments were also recorded to select European markets and to the US. Such exports were described as minimal, but significant because of the possibility of increasing market conditions to these countries was a further indicator that Ceylon Tea was a positive brand.

Tea market sources said buyers in Germany, who considered Ceylon Tea as a recognized brand, laid more emphasis on Darjeelings and teas from Kenya, which were now in the preferred category.

Sri Lanka should ramp up its marketing campaign, the source suggested.

Pakistan which was one of Sri Lanka’s major buyers has now switched to Kenya. Ceylon Tea to Pakistan was barely two percent.

The tea smallholder sector in Sri Lanka continues to contribute around 75 percent of the production to the industry. There are around 400,000 smallholders who continue to contribute a major slice to the industry.

The tea garden marks, which scored top prices were New Withanakanda and Geekiynakanda. From the low growns. good results were also recorded from Somerset and Venture.



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Hemas Consumer strengthens portfolio with L’Oréal partnership in Sri Lanka

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Hemas Consumer, the leading manufacturer and distributor in Sri Lanka’s beauty and personal care sector has strengthened its portfolio of offerings in a groundbreaking partnership with the world’s number one beauty company, L’Oréal. With this partnership Hemas Consumer obtains distributor rights to leverage its sales network and innovative marketing approaches in taking L’Oréal’s wide range of beauty and personal care brands across Sri Lanka.

Commenting on the new partnership, Sriyan de Silva Wijeyeratne, Managing Director, Hemas Consumer & Executive Director Hemas Group said, “We have spent over fifty years building successful and strong consumer brands in Sri Lanka. In keeping with our promise of consumer delight and trust, we are elated to partner a world-class cosmetics group like L’Oréal expanding our existing portfolio with the world’s most sought-after beauty and personal care products.

We are well equipped in our distribution process with island-wide sales channels to serve all parts of the country. I believe this partnership will revolutionize Sri Lanka’s beauty care industry and more prospects await as we continue to look ahead with L’Oréal.”

Sabrina Esufally, Director Business Development and Innovation at Hemas Consumer said, “This partnership will enable Sri Lankans to access the iconic brands and solutions created through years of research and innovation by L’Oréal. In the fast evolving and dynamic beauty industry, the combined strength of Hemas’s local heritage and penetration, and L’Oréal’s global technology and trust is the perfect recipe for consumer delight.”

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DFCC Bank supports industrial excellence by partnering CNCI Achiever Awards

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DFCC Bank PLC, stepped up once again for the 3rd consecutive year to partner with the Ceylon National Chamber of Industries (CNCI) as the principal sponsor and official banking partner of the CNCI Achiever Awards 2020.

The CNCI Achiever Awards was held for the 19th consecutive time to recognize the outstanding efforts of exceptional performers who have molded their respective industries with innovative solutions, while overcoming challenges and meeting the demands of their clientele. This year, the event was recently held under strict health guidelines at the Galadari Hotel in Colombo. 

Commenting on the sponsorship, Chief Executive Officer of DFCC Bank PLC Lakshman Silva stated, “We are pleased to have partnered with the Ceylon National Chamber of Industries (CNCI), as the Main Sponsor and Official Banking Partner of the 19th CNCI Achiever Awards 2020. DFCC is honored to partner in reconciling successful Sri Lankan businesses from various industrial sectors. Our partnership with this prestigious awards programme aligns seamlessly with our commitment to foster and reward industrial growth across the country and support local entrepreneurs in MSME & SME sectors.”

 

 

 

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Lanka SSL triumphs with National Gold and Top Ten Awards

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CNCI Achiever Awards 2020

Lanka Special Steel Limited (Lanka SSL), a trusted name in wires and a fully-owned subsidiary of E B Creasy & Company PLC, was recently awarded the coveted National Gold Award under the Extra Large category in the Manufacturing Sector at the Achiever Awards 2020 for Industrial Excellence.

The annual event organized by the Ceylon National Chamber of Industries (CNCI) was held in March 2021 at Colombo, and celebrated some of the leading industrialists in the country for their tremendous and continued efforts in uplifting and promoting quality standards, productivity, growth and strategy, R&D, employee welfare and others whilst contributing to both the society and economy at large.

‘We are immensely proud to have been recognized with two very prominent awards at this year’s CNCI Achiever Awards. It is a huge leap from just winning a Merit Award the last time around, and this incredible achievement certainly reflects our highly ambitious plans to strive for continued excellence. We would like to thank our valued customers and all stakeholders. We are grateful to our hardworking and committed staff at Lanka SSL who have made this possible,’ said Pravin De Silva, CEO of Lanka SSL.

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