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Thursday, September 20, 2012

Sri Lanka Haycarb buys Thai activated carbon maker

Sept 20, 2012 (LBO) - Sri Lanka's Haycarb, a unit of listed Hayleys group said it had bought a Thailand based activate carbon maker that will increase group manufacturing capacity by 10 percent.

Shizuka Co. Ltd, based in Ratchburi, Thailand was acquired through Carbokarn Co. Ltd, a 50-percent owned unit of Haycarb, the firm said in a stock exchange filing.

Haycarb has production facilities in Sri Lanka, Thailand and Indonesia, making coconut shell charcoal based activated carbon products.

In the June 2012 quarter the group reported profits of 179.1 million rupees, up 44 percent from a year earlier, giving earnings of 6.03 rupees per share.

source - www.lbo.lk