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Dubai, UAE, May 2022 – Emirates and Dilmah Tea have enjoyed a longstanding partnership of brewing the finest teas on board and in Emirates’ airport lounges around the world for the past 30 years. To mark the milestone on International Tea Day, all Emirates’ passengers received a special tea box when they flew from Dubai a few days ago.
In addition, First Class passengers on flights to the UK were treated to a food pairing, while passengers in the Emirates’ Onboard Lounge were offered Dilmah Tea infused mocktails. The special tea pack for all passengers who flew on Saturday contained three different flavours: Ceylon Breakfast, an Emirates exclusive Turmeric Coconut and Vanilla tea, and the popular Earl Grey with Honey.
In First Class, Emirates offered the Brilliant Breakfast, one of the many gourmet teas created by passionate Tea Maker and Dilmah founder, Merrill J. Fernando. This was paired with the afternoon tea service on board.
Moroccan Mint Green tea was exquisitely paired alongside Labneh – a tangy and creamy yoghurt – with roast vegetables for vegetarians. While Dilmah’s Sench Green Extra Special tea – renowned for its delicate taste with herbal finish with a touch of sweetness – was served with sushi, particularly seafood.
“Emirates focuses on dishes that emphasise fresh ingredients of the highest quality. We pay special attention to every detail and the quality of the tea we offer our customers is no different. The fact that we have served Dilmah Tea for 30 years across all our cabins is proof of its quality and our satisfaction with the perfect cup of tea.
“We have an exceptional partnership with Dilmah and we have grown in tandem for the last 30 years. Over 9.6 million tea bags are used each year across our fleet with more than 10 tea varieties on offer, including an exclusive Emirates Signature Tea served in First Class,” said Thomas Ney, DSVP, Service Delivery at Emirates.
Dilhan C. Fernando, son of Dilmah Founder and CEO of the family company explained: “For 30 years we have grown a tea inspired collaboration with Emirates, offering customers a uniquely Emirates experience in tea. To celebrate the Pearl Anniversary of our partnership in tea, we made a tea that is as rare as it is magnificent. A seasonal tea with extraordinary finesse, handpicked from tea bushes prepared for months and crafted into a numbered limited-edition tea.
“Our co-operation with Emirates truly presents the luxury in fine tea, and – in our tea mocktails and food pairings – contemporary, tea inspired hospitality. For the last 30 years we have created these unique moments for Emirates customers either on the ground, in its lounges around the world, or at 40,000 feet and this year is no different. We are excited to have the special 30-year blend on board Emirates’ fleet.”
Millions of world class cups of tea have been poured for Emirates’ customers since the airline’s partnership with Dilmah began in 1992.
The airline brings the finest products on board through long standing partnerships worldwide, including support for local suppliers and artisans. Emirates takes the Dilmah brand to more than 130 destinations on six continents.
The teas offered on Emirates are chosen by popularity amongst customers, catering to different preferences like minty or citrus infusions as well as by looking at tea drinking trends. With an increasing focus on wellness amongst customers, the airline recently introduced a new tea in its airport lounges – Turmeric, coconut and vanilla featuring antioxidant properties.
On board, the most popular tea in Economy Class is the Dilmah Ceylon Black Tea while passengers in First and Business Class favour Moroccan Mint and Breakfast Tea. Emirates serves a selection of six teas in Business Class and its airport lounges, and a further six teas in First Class.
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During the Vesak Season, DFCC Bank, the Bank for Everyone, distributed dry rations to deserving families across Sri Lanka, as a part of its sustainable initiatives. This year, understanding the difficulties that all Sri Lankans are facing, DFCC Bank decided to utilize its Vesak Decoration budget to fund this initiative instead. Accordingly, guided by the Bank’s sustainability strategy, and an assessment carried out by the Management, 25 branches in key areas of each region were selected to be a part of this initiative, which touched the lives of 250 underprivileged and deserving families, during the Vesak season.
Under this program, each of the selected 25 branches allocated dry rations to 10 families in the vicinity of each branch. The beneficiary families were chosen by DFCC Bank, in consultation with the local government authorities, and the respective families received their rations packs during the Vesak season. As a result, the initiative’s focus extended beyond customers, to support those most in need at this time. In keeping with its commitment to sustainable banking, DFCC Bank went a step further in this endeavor, to ensure that plastic and polythene bags or cardboard boxes were not used for the donation of these dry rations. Instead, eco-friendly reusable bags were utilized, helping to further push the “go green” message.
Commenting on the initiative, Aasiri Iddamalgoda, SVP – Retail Banking & SME, “As the Bank for Everyone, we are keenly sensitive to the mood of our people. Furthermore, at a time when the country is going through its worst economic crisis, it’s up to all of us to do our part. Driven by this thinking, and supported by our sustainability strategy, we decided to channel our Vesak decoration budget towards helping real people who need assistance at this time. Furthermore, following the spirit of Vesak, we were very pleased to be able to share what we have with the less fortunate among us.”
Tokyo Cement Group (Tokyo Cement) reported its financial performance for the fourth quarter ending 31st March 2022, with a turnover of Rs. 16,158 million reflecting a year-on-year growth of 31%, compared to Rs. 12,373 million during the same period last year. Despite turnover growth, Tokyo Cement’s sales volumes reduced by 11% compared to the fourth quarter last year, due to a plant breakdown at one of the grinding mills and unavailability of raw materials. The Group recorded a Rs. 2,531 million loss for the fourth quarter, of which the largest contribution came from exchange losses that amounted to Rs. 4,822 million.
Year in Review The Group’s year-on-year performance comparison against the previous financial year reflects the impact of significant increases in cost of goods and shortages of raw materials due to USD illiquidity in the market. Sales volume of Tokyo Cement showed a marginal increase of 1% for the financial year, whilst turnover saw a year-on-year growth of 22%, from Rs. 42,962 million to Rs. 52,477 million. The Group recorded a loss of Rs. 453 million for the FY 2021/22, with the exchange loss standing at Rs. 5,050 million for the year.
Forex, Cost Increases and MRP Impact During the quarter prices of all construction material spiked sharply, reflecting the highly volatile macroeconomic environment. Raw material costs increased in line with global price surges, compounded upon by increasing freight rates due to rising oil prices, and interest for longer credit periods of 180 days. In addition, constraints in establishing Letters of Credit (LCs) gave rise to material shortages. The price of 50kg bag of cement was adjusted to reflect these cost increases accordingly,
January 1st – Cement prices increased from Rs. 1,275/- to Rs. 1,375/-, due to the increase in raw material costs and freight charges.
March 8th – The Central Bank of Sri Lanka (CBSL) floated the currency (previously pegged to Rs. 203/- to the USD) causing the Rupee to depreciate to Rs. 230/- to the USD, the same day.
March 12th – Official exchange rate depreciated to Rs. 260/- to the USD and the cement industry increased prices of a 50kg bag of cement to Rs. 1,850/-.
April 1st – Official exchange rate rose to Rs. 299/- to the USD, resulting in the increase of a 50kg bag of cement to Rs. 2,350/-.
As of this article the cement price stands at Rs. 2,850/- in accordance with the average exchange rate of Rs. 350/- to the USD.
“India is all set to become the manufacturing and export hub of the world for construction equipment manufacturing, with the presence of large original equipment manufacturers (OEMs) and a strong supply chain supported by a vibrant components sector, said Deepak Shetty, CEO & MD, JCB India / chairman, EXCON, South Asia’s largest trade fair for construction equipment. He was speaking at a post trade fair media meeting in Bangalore, where the fair was held recently.
Shetty said the role of smart technologies and innovation in India’s infrastructure development is paramount in achieving the vision of making India the global hub for construction equipment manufacturing. As a result, there is a need for rapid investments across infrastructure for sustainable development in the country.
Dimitrov Krishnan, co-chairman of CII EXCON, said, “Indian CE industry, being the 3rd largest market in the world, has shown remarkable progress over the years and we aim to become the 2nd largest CE market in the world. The largest CE market is USA and the second largest is China at present. The Indian economy is driven by the infrastructure sector. This sector is a key driver of India’s overall economic development. The government has a strong focus on it and encourages policies that will ensure the creation of world-class infrastructure within a time frame. The infrastructure sector encompasses power, bridges and dams as well as urban infrastructure development. India’s government is expected to invest heavily in this sector, especially highways, renewable energy and urban transport. EXCON takes place at an opportune moment when the world’s attention is on India and about to enter a new era of manufacturing glory. Excon is a strong partner in the implementation of ambitious infrastructure projects. It will also demonstrate India’s construction equipment industry spirit.”
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