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    Alumex PLC (Alumex) is an integrated manufacturer of aluminum profiles. The Company is engaged in manufacturing and selling dies and aluminum extrusions for a range of applications, such as fabrication of doors, windows, shop fronts, curtain walls and other specialized commercial applications. Its products include Aluminium Proprietary Systems, Alumex Architectural Aluminium Extrusions and Industrial Aluminium Components, which include partitioning, sliding doors/windows, curtain walls, casement windows, sliding folding, euro groove, roller shutters, ladders, lorry/bus bodies, tower bolts, round tubes/bars, equal/unequal angles and glazing beads. Its Decorative/Protective Finishes include Mill Finish products, Natural Anodized products, Bronze Anodized products, Polished Bronze Anodized Products, Chemical Polished products, Powder Coated products and Wood Finish products. Its subsidiaries include Alco Industries (Pvt) Ltd, Avro Enterprises (Pvt) Ltd and Alumex Systems (Pvt) Ltd.
    "The best values today are often found in the stocks that were once hot and have since gone cold"

  • #2
    Financial Performance- Period ended 30 June 2018

    Click image for larger version

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    Last edited by ruwan326; 08-13-2018, 02:40 PM.

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    • #3
      if alum gained on the topline and GP margin, then if the issue is only in net finance cost, i dont see anything to be alarmed ? unlike other similar companies batted on topline, this a concern!
      "The best values today are often found in the stocks that were once hot and have since gone cold"

      Comment


      • #4
        Do you sense a rights issue ?

        Comment


        • #5
          there is no reason to believe a rights issue, they have paid good dividends. just require dollar to be stable
          "The best values today are often found in the stocks that were once hot and have since gone cold"

          Comment


          • #6
            Alumex PLC Opens Sri Lanka’s First Fully Automated Aluminium Extrusion Plant & South Asia’s First Vertical Powder Coating Facility in Ekala

            August, 14, 2018


            Aluminium extrusions producer, Alumex, recently unveiled the Country’ first fully automated, front-loading aluminium extrusion plant and South Asia’s first vertical powder coating facility with patented SAT Travisan CUBE Technology in Ekala, Ja-Ela. The LKR. 2 billion mega project—located at No. 138/ 4, Minuwangoda Road—will officially make Alumex PLC the largest aluminium extruder in Sri Lanka in terms of scale and output. A subsidiary of Hayleys PLC, will hire more than 185 people to ensure that the plant outputs an incredible 1,000 MT in Aluminium Extrusions and Powder Coating per month.

            “This milestone operation will enhance our capacity and quality, giving us the necessary platform to become a global proprietary aluminium system manufacturing powerhouse in South Asia,” said Chairman of Alumex PLC & Hayleys PLC, Mohan Pandithage. “These two facilities will allow us to manufacture world-class products and curtail imports of aluminium systems and profiles to the Country which will save foreign exchange to Sri Lanka.”

            The plant will house the largest aluminium extruder in Sri Lanka. The Italian-made Presezzi 23 meganewton extruder will consume far less energy compared to other extruders currently available in the market. Alumex will also benefit from its automated downstream equipment and long run-out tables with Infrared and Bluetooth technology controls.

            This powder coating plant will be equipped with advanced autonomous machinery for economical operation and high efficiency. A complete powder recycling facility with 100% recovery will also mean no powder wastage in the powder spraying process, reducing the cost of production to a great extent. The firm will also leverage smart operating platforms with online error correction facilities.

            “This will be the most advanced extruder and powder coating plant in this part of the world,” said Managing Director at Alumex PLC, Pramuk Dediwala. “With these two facilities, Alumex will be the most advanced aluminium supplier in the Country and make its footprint in the South Asian region to help us stand out as world-class, empowering local fabricators and contractors under the Alumex ecosystem to compete in overseas markets.”

            The highlight of the plant is in its reduction of waste water and purification system to make certain that water discharge has zero impact on the local environment. With eco-friendly non-chrome chemicals in the mix, proprietary systems will help ensure that Alumex products are tested for, water penetration, air infiltration, wind pressure (deflection) and sound to facilitate the firm’s 30 year promise.
            "The best values today are often found in the stocks that were once hot and have since gone cold"

            Comment


            • #7


              Sri Lanka's Alumex to be export competitive with new plant

              ECONOMYNEXT- Alumex Plc, which has commissioned Sri Lanka's largest aluminium extrusion plant says it is eyeing exports and plans to compete strongly in a domestic market with import tax protection that forced customers to pay high prices to be phased out in the future.

              With the opening of a two billion rupee plant with the most modern technology and an output of 1,200 metric tonnes a month, Alumex is trying to reduce prices and meet global competition.

              “We’re trying to match the prices of the United Arab Emirates," Managing Director Pramuk Dediwela said.

              "If we can match those prices, we don’t have to worry about imports coming from any part of the world."

              He said that aluminium products in the UAE have high standards at low cost.

              The Sri Lankan government has announced plans to remove all protectionist tariffs by 2020 to make the economy competitive.

              The aluminium sector has 30 percent import tariffs.

              “It is a protected industry,” Dediwela said.

              He said that with the addition of Alumex’s new plant, local supply capacity is three times the current local demand of 15,000 metric tonnes per annum.

              Dediwela said that with the opportunities the port city project and the general construction boom is presenting, all local manufacturers have expanded capacity.

              Alumex alone has a 24,000 metric tonne annual capacity, he said.

              “With this plant, the country doesn’t need to import any aluminium extrusions," he said.

              "When total local capacity is three times the demand, it’s a national crime to import," he said."It will cost us in foreign exchange."

              Economists and philosophers have explained that imports are not a crime, and the right to buy a good from any producer regardless of the geographical location at the best price is a freedom all citizens inherently have in a true free country and stealing somebody's freedoms to force them to pay more of their hard-earned money causes harm, especially to the weakest members of a society.

              Members of a society should act freely but in ways that does not cause harm to others by taking away their freedoms, which can be economic freedoms, the right to life or property.

              Most building material in Sri Lanka have high costs due to protectionist tariffs, giving easy profits to a handful of businessmen as well as promoting inefficiency at the cost of ordinary families who are trying to put a roof over their heads.

              Sri Lanka's export industries and hotels are also having high start-up costs due to protection given to building materials, pushing up costs and making it difficult to compete with countries, especially in East Asia, which have free trade.

              In addition to lowering the overall competitiveness of an economy, businessmen who build protected industries also use up capital and resources in activities which exploit the people and generally lowers the well-being, reducing resources available for non-exploitative businesses.

              Alumex has a 46 percent share in the aluminium extrusions market and related party Swisstek Aluminium Ltd has a 30 percent share, Dediwela said.

              Lanka Aluminium Industries Plc, owned by a third party, has a 19 percent market share and the remaining 5 percent is from imports, he said.

              Alumex is aiming for a 50 percent market share, he said.

              Dediwela said that more importers are already eyeing entry due to the potential in Sri Lanka.

              The current local excess capacity will be filled in another 5 years with the expected construction, he said.

              In the interim, Alumex is looking at exports to utilize the plant capacity, and will set up two showrooms in India, one in the Maldives, one in Nepal and one in the Seychelles to improve distribution networks, he said.

              Currently, exports to these markets are less than 2 percent of revenue and Alumex is targeting 10 percent, he said. Alumex may also enter the UAE, he said.

              If demand picks up in these regional markets, Alumex will look at a possibility of building a plant in South Asia, he said.

              “We have big expansion plans at the moment but we haven't finalised which country to build it in.”

              “The technology we have in Sri Lanka is more advanced than technology available in other countries, whether it’s India, Bangladesh, Pakistan or Nepal. So, we want to share that.”

              High labour and energy costs in Sri Lanka are affecting the decision as well, he said.

              “Costs are not that high in Bangladesh. Even India.”

              India has four or five plants which are as big as the new Alumex plant, he said. However, the Alumex plant has fully automated extrusion, which is currently unavailable elsewhere in South Asia, he said.

              Eco-friendly processes and low wastage are also features of the new plant, he said.

              Another local plant is also in the cards 5 years from now if capacities become full, Dediwela said. (COLOMBO, 15 August, 2018)
              "The best values today are often found in the stocks that were once hot and have since gone cold"

              Comment


              • #8
                And some say that we should remove duty+taxes and expose the industries to cheap imports.

                As if other countries do not offer significant protection to their core industries.

                Comment


                • #9
                  2020 is a good start, giving the local companies to be ready. and protective tariff should be release in a calculated way.
                  "The best values today are often found in the stocks that were once hot and have since gone cold"

                  Comment


                  • #10
                    Try exporting Maize to USA.

                    There are so many non tariff barriers, which makes it impossible.

                    Comment


                    • #11
                      Originally posted by LukeDeSilva View Post
                      Try exporting Maize to USA.

                      There are so many non tariff barriers, which makes it impossible.
                      We cant even sell RICE to our own consumers lower than mynmaar, bangladesh, vietnam or pakistan import price let alone maize export to USA.
                      Water Free
                      Pohora Free
                      What else is not Free
                      "The best values today are often found in the stocks that were once hot and have since gone cold"

                      Comment

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