Business

24th February 2002

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Alpha Furniture gets ISO 9002 certification

Alpha Furniture X'clusive with the collaboration of Scandinavian and Canadian consultants established a wood working division in the year 1995 to undertake interior work and other furniture for both offices as well as homes.

Being the largest local manufacturer of furniture to cater to the local and offshore markets, Alpha Furniture X'clusive was one of the first to obtain the ISO 9002 accreditation from the prestigious ISO Certifications unit DNV of Netherlands a press release said.

"As a result we emphasise the stringent quality assurance procedures that are in force both on line and in the final finishes, which ensure that the products conform to the highest of international standards," said company CEO, Mr. Jayampathy Arambapola.

The Alpha furniture factory situated at Mattegoda is fully equipped with state-of-the-art machinery.

The well trained and youthful workforce at the factory is geared to respond promptly to all customer requirements, while the skilled workforce with a full complement of the latest technology is capable of producing high quality furniture in the latest designs and finishes. They would convert ideas into reality with speed and commitment with world standards in mind.

Alpha's product range for interiors for both office and apartment buildings include open office range of furniture, specialised designs required by professional architects/consultants which are manufactured on Completely Knock Down (CKD) basis, while the company also offers duty free prices on the items manufactured.

With their wide experience and quality, Alpha Furniture X'clusive won the major part of the prestigious contract to do the interior office of 8 floors of the BOI. The company has also won many interior contracts, which include, Central Finance, Stafford Motors, Associated Motorways Ltd., Union Bank Ltd., YSR Line Colombo Consultants (Pvt) Ltd.

In addition to interior work, Alpha also undertakes any turnkey in areas such as carpeting, ceiling, fabricating aluminium doors and windows etc., for new office buildings and as well for refurbishing office buildings.


Browns Dimo obtains SLS

In recognition of the outstanding quality of the radiator manufactured by Browns Dimo Industrial Products (Pvt) Ltd., Sri Lanka Standards Institution recently awarded the SLS certification for the radiators a press release said.

According to BDIPL sources, the radiators manufactured by them are guaranteed for service, timely availability and durability. The company sources further add that the SLS certification will now further strengthen the market leader position their products occupy in Sri Lanka.

Browns Dimo Industrial Products (Pvt) Ltd., (BDIPL) was established in November 1997 with the merger of the radiator manufacturing divisions of the Browns Group of Industries Ltd., and Dimo Industries Ltd., two giants in the radiator industry for over 35 years.

BDIPL is an associate company of Brown and Company Ltd., Diesel and Motor Engineering Co. Ltd., and DFCC, a combination of corporate strength and stability that has provided the company with high quality resources and technical expertise. Browns and Dimo radiators have the distinction of being the first automobile spare parts to obtain SLS certification in Sri Lanka confirm company sources.

Within just 4 years of operation, BDIPL has succeeded in achieving product excellence - the radiators are manufactured using German technology by trained and experienced technical personnel. The manufacturing process takes place within a well defined quality control system designed, documented and adopted to meet ISO 9001: 1994 standards with specifications for the SLS marks scheme.


Three nights free in Malaysia

Malaysia Airlines is offering FREE accommodation for 3 nights for the Sri Lankan travellers to discover and experience the wonders of Malaysia a press release said.

This is a unique offer called the "Showcase Malaysia" package.

This valuable offer entitles you to a free stay in Malaysia for 4 days/3 nights with breakfast where you can choose from over 80 hotels and resorts around the country, which is valid till 31st March 2002.

This offer is open to returning passengers travelling from Sri Lanka on Malaysia Airlines, who would like to use this opportunity to take a break, go shopping or even look for business opportunities. It is a one in a million chance to experience the charm and the beauty of Malaysia, Asia's most extraordinary destination.

Once you step into Malaysia you will feel the irresistible glamour of the golden beaches, scenery and exciting adventures. You can spend all day browsing through the exquisite shopping malls or enjoying a wide variety of activities of Malaysia's diversified cultures, which await you.

"Showcase Malaysia" is targeted at passengers flying on return tickets on Malaysia Airlines from Colombo to Europe, Australia, USA, Japan, Korea, Taiwan and China.

Malaysia Airlines which is code-sharing with Sri Lankan Airlines now operates 4 flights weekly to Kuala Lumpur every morning on Tuesday, Friday, Saturday and Sunday with convenient connections to all major cities worldwide.

Hemas Air Services (Pte) Ltd., is the General Sales Agent for Malaysia Airlines in Colombo.


New Kodak's System 88 at Bin Ahamed's Colour Lab

Kodak, the leader, in the Photographic industry, recently installed the System 88, a complete digital photo development minilab at Bin Ahamed's Colour Lab, Colombo 3 a press release said. This is the second such Minilab to be installed in Colombo.

The first System 88 digital minilab is now operational at New General Photo Company Colombo 5, another leading Kodak Express store in Colombo.

The System 88 presents a whole new world of opportunity to the consumers that enhances their photographic experience. Equipped with the digital interface of the System 88, Kodak photo retailers offer consumers digital services on traditional, and APS (Advanced Photo System) films that can vastly improve their pictures.

Kodak is committed to developing the photography category and will install more digital Minilabs at key locations throughout the Island within the next three months.

The Kodak Express programme offers consumers a global retail experience. An Experience that delivers a pleasant ambiance, together with a wide array of photographic products to choose from. The Kodak Express programme ensures consistent quality monitoring, to ensure that consumers always get best quality pictures of the precious moments they have captured on film. Kodak Express accounts for almost 50% of the photo laboratory population in Sri Lanka.


Local motor industry veteran at Morris Lubricants

Morris Lubricants of UK, Britain's largest privately owned lubricants company recently appointed local motor industry veteran Mr. M. Balasubramanium, Managing Director of Klevenberg (Pte) Ltd., to represent them in Sri Lanka.

Mr. Balasubramaniums association with British Lubricants dates back to the 1980's when he took the initiative to introduce synthetic motor oils for the first time in Sri Lanka. Simultaneously, he also reintroduced a popular international brand of motor oil into the market.

Subsequently, as he terminated the contract with this brand due to the brands ownership changing hands, he was offered the opportunity of representing Morris Lubricants in Sri Lanka.

Morris, the name synonymous with quality lubricants since 1869, is Britain's largest privately owned lubricants company. Morris has pioneered various oil technologies in both mineral and synthetic oils to meet the demands that modern automobile manufacturers insist on.

From racing to commuting, Morris lubricants improve fuel efficiency, reduces oil consumption, minimises engine wear and operates with optimum efficiency and economy.


Eagle Insurance flies high

Eagle Insurance has once again recorded outstanding results for 2001 maintaining its strong position in the insurance industry, with Revenues increasing to Rs. 2.7 billion, a 21% growth over the previous year, in spite of challenging market conditions. There was also a significant growth in profits compared to the previous year, with operating profit before restructure charges and intangible items increasing to Rs. 233 million, a 19% increase over the previous year. This year too the Company returned a commendable performance with a return on net assets of 31.3%.

The proposed dividend per share increased to Rs. 6.00 and earnings per share increased by 20% over the corresponding period last year.

Life business which contributed significantly to overall Company performance, recorded a growth of 14% with gross written premiums increasing to Rs. 1.67 billion compared to Rs. 1.47 billion in the corresponding period of the previous year. This achievement was due to continued emphasis on professional training of field staff and focused strategies adopted. Eagle created history by launching a retirement fund for the benefit of long serving, value adding members of the "Eagle Team with Wings", with the objective of ensuring the long term financial stability of Eagle Sales Associates. The company believes that this would encourage further professionalism and long term commitment of the sales persons.

The Company also launched another successful phase of the Eagle Investment Plan in February 2001, which recorded a premium income of Rs. 130 milllon. A new Life product "Eagle Sunrise Child Plan" was also launched in August, a result of listening to the needs of customers.

Eagle also increased the Company's Life Fund by one billion rupees bringing it to Rs. 4.6 billion as at end 2001, a 27% growth over the previous year, following the annual independent actuarial evaluation. This demonstrates the Company's commitment to provide higher security to its Life policyholders. In evaluating the Life Fund Eagle maintains internationally accepted solvency margin standards, ensuring that the Company has reserves in excess required levels.



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