Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Submit Post
සිංහල පරිවර්තනය
Search
 
 

Display results as :
 

 


Rechercher Advanced Search

Latest topics

» Gold Price
by suku502 Yesterday at 9:25 pm

» COCR can be attractive
by suku502 Yesterday at 5:24 pm

» COMB.X is in support Level will hit 112 in coming weeks
by suku502 Yesterday at 5:22 pm

» PM TO BUILD 4000 BRIDGES ACROSS THE COUNTRY
by DS Wijesinghe Yesterday at 2:11 pm

» JINS Share Repurchase
by DS Wijesinghe Yesterday at 2:07 pm

» CHICKEN GETTING READY TO FLY!
by DS Wijesinghe Yesterday at 1:56 pm

» Wiser's TA Chart Room
by wiser Yesterday at 11:54 am

» LDEV / ELPL / UDPL Best Plantation results as of 31/12/17 ?
by glad Yesterday at 6:56 am

» What happened to Janashakhi.... I sold 2 weeks ago. Total gain i lost over 150000
by glad Yesterday at 6:52 am

» What to buy?
by Ryan Hudson Thu Feb 22, 2018 10:19 pm

» ALHP WILL MOVE UP SOON
by wisdom79 Thu Feb 22, 2018 6:23 pm

» Share my Portfolio gain to build morale and confidence over you !!!!
by wiser Thu Feb 22, 2018 4:00 pm

» Sri Lanka records BOP surplus of US$2.05bn in 2017
by DS Wijesinghe Thu Feb 22, 2018 2:06 pm

» Bus-explosion
by samaritan Thu Feb 22, 2018 1:09 pm

» SDB bank would be 120+
by hettdas Thu Feb 22, 2018 9:52 am

» Reason Behind SFS Booooming
by trasantha Thu Feb 22, 2018 8:21 am

» SL Rupee reaches record lows
by Sstar Wed Feb 21, 2018 11:05 pm

» Sri Lanka's ETI affiliate says no approval for investor yet
by Sstar Wed Feb 21, 2018 11:01 pm

» Winds of Change in Sri Lanka
by Sstar Wed Feb 21, 2018 10:55 pm

» Sri Lanka to introduce a new economic plan next week
by Sstar Wed Feb 21, 2018 10:53 pm

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Auto sector dip won’t hit lube market– Kishu Gomes

Auto sector dip won’t hit lube market– Kishu Gomes

Go down  Message [Page 1 of 1]

Crystal Koelmeyer


Stock Trader
Dip in vehicle population is not likely to have a considerable blow on the local lubricant market said Chevron Lubricants Lanka PLC (LLUB), Managing Director and CEO, Kishu Gomes. Supporting the above statement, he also said that up to 40 percent of lubes in the market today are consumed by the industrial sector alone.

“Apart from the automobiles, there are a number of other sectors that use lubricants. Like the fisheries industry that had performed well over the years and the agro sector, fast evolving under the due sponsorship of the government”, he noted. Adding to it he also said that, ‘Marine Lubricants’ – used in power generation too are of considerable demand.

With a new blending plant coming up in Sapugaskanda, Gomes mentioned that LLUB is looking forward to further expanding their portfolio by introducing new technology and lubricants within different levels of viscosities to cater to all needs.
“The construction will be completed by mid-July 2014, and it is expected to be completed on schedule” he noted. Adding to it, said that the project is internally funded.

“The extent of the land is 4.5 acres. The land has been cleared and the construction had commenced already. Once the construction is completed, we believe LLUB will grow from strength to strength with better efficiency, capacity and synergy” he remarked.
According to Gomes, despite YoY growth decline from 2011 figure 33.3% to 14.3% in 2012, the company is content with their performance over the past year. “Currently we are looking at exports – likely that we will be further opening up to international market within this financial year” he noted.
http://www.nation.lk/edition/business/item/15837-auto-sector-dip-won%E2%80%99t-hit-lube-market%E2%80%93-kishu-gomes.html



Last edited by sriranga on Wed Mar 06, 2013 4:20 pm; edited 1 time in total (Reason for editing : Source included)

http://www.nation.lk

Back to top  Message [Page 1 of 1]

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