FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka's Horana Plantations moves into rubber

Sri Lanka's Horana Plantations moves into rubber

Go down  Message [Page 1 of 1]

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics


Sep 12, 2013 (LBO) - Sri Lanka's Horana Plantations Plc, said it was moving into rubber cultivations by initially planting 300 hectares in the crop, while also adding cinnamon and forestry to the mix.
"Making note of the changing fortunes of tea and rubber in the international market, the company made a concerted effort to diversify our crops," chief executive Rajive Casie Chitty told shareholders in the annual report.

"In this regard the company made a strategic move to invest in oil palm considering the tremendous potential of the crop.

"This is also expected to offset the constraints facing the rubber sector in the years to come with the sector projected to see price fluctuations, high labour costs and irregular weather patterns."

Horana Plantations had imported 10,000 preheated seeds from Papua New Guinea and started a nursery at Neuchatel Estate. It will be enough to plant 55 acres.

The firm wanted to have 300 hectares of oil palm by 2015, in Nechatel, Mirishena and Halwatura estates.

The company had also invested in Cinnamon and Coconut.

"Sri Lankan cinnamon continues to be the best in the world and is a highly lucrative crop given the high prices it commands in the world export market," Casie Chitty said.

"There is also a significant demand for coconuts in both the domestic and international maket due to constraints in supply."

In the year to March the firm had 14.4 hectares of cinnamon and 24 hectares of coconut being harvested.

Horana had also replanted 17.1 hectares of tea and 112.9 hectares of rubber in the period.

The company now had 2,116 hectares in tea, 1,726 in rubber, 33 in coconut, 18 in cinnamon, 350 in timber and fuelwood.

Eucalyptus trees had been planted in seven up country estates.

Critics say expansion in timber plantations in large plantations is being discouraged in Sri Lanka due to state interventions in making it difficult to harvest them, once trees mature.

Some plantations have also grown trees to fire tea dryers but face restrictions.

http://www.lankabusinessonline.com/news/sri-lankas-horana-plantations-moves-into-rubber/1123037721

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Horana Plantations moves into rubber

හොරණ ප්ලාන්ටේෂන් සමාගම පවසන්නේ රබර් වගාව සඳහා සමාගම පිවිසෙන බවත් මූලික අදියර යටතේ රබර් හෙක්ටයාර් 300 ක් වගා කරන බවයි.

මීට අමතරව, සිය වගාවන් සඳහා කුරුඳු හා වන වගාවන් හඳුන්වා දීමටද තීරණය කර ඇතැයි සමාගමේ ප්‍රධාන විධායක, රජීව් කාසිචෙට්ටි සිය වාර්ෂික වාර්තාවෙන් කොටස් කරුවන්ට දැනුම් දී තිබේ.

2015 වනවිට සමාගම ඔයිල් පාම් හෙක්ටයාර් 300 ක් වගා කිරීමටද සැලසුම් කර ඇත.

http://www.vimasuma.com/new_full_story.php?subcatcode=2&newscode=1213544783

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum