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| Sunday, 20 March 2005 |
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| News Business Features Editorial
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Holcim Lanka market share up 3% by Rohan Mathes Holcim Lanka, Sri Lanka's leading Cement Manufacturer and Marketeer has sold 14.3 per cent more to record a 3 per cent growth in its market share from 2003 to 2004, and retains its market leadership at 30 per cent market share. This was made known at a media conference held to share Holcim Lanka Limited's (HLL) achievements in 2004, last Thursday at the Hilton, in which its first 'Annual Review 2004-Foundations for the Future' was launched. HLL's Chief Executive Officer (CEO) Peter Spring presenting the company's performance along the triple bottom lines of Economic, Social and Environmental Performance said, "Holcim Lanka's net sales increased by 30 per cent to Rs.6.4 billion. Rising input costs for clinker and coal moderated earnings from this strong top line growth. Operating profits continued to recover. Net income still has to improve in order to meet our full cost of capital, and this will be a key challenge for 2005", he said. Reiterating HLL's continuous growth and commitment to Sri Lanka's economy, he said that HLL's market share has grown from 27 to 30 per cent from 2003 to 2004, with the introduction of their theme 'With you in mind' and further cement despatch saw an increase of 14 per cent with a 945,000 ton cement output. He said that 'lost time injuries' were at zero level since June 2004, due to new structures and constant training. "Training and development for all employees at all levels was the key to success", he said. |
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