Thursday, 26 February 2015 01:12
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PCH Holdings PLC said yesterday it has renamed the fully-owned subsidiary Bieco Link Carbons Ltd.as ‘Adam Carbons Ltd.’ with effect from 18February.
While the name change may appear cosmetic, the choice of name certainly signposts the company’s plans for the future.
It is significant to note that Adam Investment Ltd., majority shareowner of parent PCHH Plc, has invested its own name in this subsidiary; unambiguously demonstrating that its commitment and interest in the fortunes and future of the subsidiary are neither short term nor light.
A world-class manufacturer of granular and powdered activated carbon since 1989, Adam Carbons Ltd. recently announced the refurbishment and upgrade of its factory prior to plannedrecommencement of production soon.
The only coconut shell activated carbon manufacturer in Sri Lanka using both vertical and rotary kiln technologies, in steam activation process, Adam Carbons Ltd. is located in Giriulla, in the North Western province ‘coconut belt’. The factory provides employment and subcontracting opportunities to the many in the neighborhood.
Giving reasons for name change, PCHHoldings Plc Director and Adam Carbons Ltd., Managing Director Chaminda Banduthilake said: “The Board of Directors and management of Adam Carbons strongly believe in the business and in developing a commanding presence in this sector. Particularly as it uses local raw materials, generates rural employment and earns valuable foreign exchange for the country. To Adam Investments, the activated carbon business is one of its key interests. We see great potential for future growth in this industry.”
The Board of Directors of Adam Carbons Ltd. comprises Dr. Larry Adams (Chairman), ChamindaBanduthilake (Managing Director), Dr. Ali Ashger Shabbir Gulamhusain,
Dhanushya MediwakaGulamhusain, IdrisShabbir, D.P.Galabodage, I.Thayabally and Imran Zahir.
