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RCL 
Expansion has always been a key focus and this year was no different. Weinvested Rs. 575 Million in our Horana facility at the end of the last financial
year which yielded results in the year under review. This has allowed us to
increase the plant’s daily deliverable capacity by 50% from 7,000 to 10,500
square meters.
Over the next two quarters, our Eheliyagoda plant will receive a similar
injection of investment, allowing its capacity to increase from 4,000 to 5,750
square meters per day. The new plant brought in from KEDA, China, in 2010/11
has doubled our daily polishing capacity from 1,000 to 2,000 square meters
and has enabled us to produce the bigger sized 60x60 cm and 50x50 cm
polished tiles as well. In addition, we are now capable of producing full glazed
polished and semi polished (Lappato) tiles to supplement our portfolio.
Our proposed investment in a new High Pressure Casting System at the Rocell
Bathware plant in Homagama, will add a new dimension in terms of both
quality and value. Rs. 200 Million has been earmarked for investment in this
plant over the coming months.
The introduction of Digital Ceramic Printing Technology at the Horana plant
is another major breakthrough, enabling us to offer customers unlimited
freedom in terms of concept and design. This technology has been in place in
Horana for the last three months and has already proved a draw for industry
professionals and corporate and private customers alike. We will shortly be
investing in similar equipment for the Eheliyagoda production facility.
A massive expansion drive into the North and East is a key future focus with
new showrooms opening in Trincomalee, Jaffna, Vavuniya and 7 other central
locations.
our 2011/12 acquisition, the paint and allied
manufacturing company, Ever Paint and Chemical Industries (Pvt) Ltd, which
retails under the brand name ‘Colorbrite’, overtook the break-even point in its
first year of post acquisition, under the new management.
We disposed of our stake in Hayleys PLC with reasonable capital gain during
2011/12. We also made three major acquisitions in June 2011 and March and
April 2012, first acquiring a 20% stake in Delmege (Private) Limited (formerly
known as Lewis Brown & Company (Private) Limited), then a 25.85% stake in LB
Finance and a controlling stake in Asia Siyaka Commodities (Private) Limited,
a company engaged in the business of tea and commodity broking. These
acquisitions add value to the Group bottom-line and serve to demonstrate the
diversification of our portfolio.
exchange rate has increased pricing of imported tiles
What do u think?
