ACTIVITY: MANUFACTURING AND SELLING OF CEMENT

HISTORY: The 1970’s ……A season of change for everyone. Gigantic shifts in the global economy, technology, education and the market place prompted an otherwise fiercely independent nation to open its doors to the outside world. Bhutan, the Land of the Thunder Dragon broke from its traditional isolation to become a member of the United Nations in 1971.

Under the leadership of His Majesty, the King of Bhutan, Jigme Dorji Wangchuck and thereafter of his son- His Majesty, the King of Bhutan, Jigme Singye Wangchuck, with his dynamic and farsighted vision, Bhutan recognized the need to modernize and industrialize the Kingdom, while at the same time protecting its inherent culture and ethos to lead the nation into the new millennium, without losing its independent sprit.

Several areas of development were identified-such as the building of its infrastructure, modernization through industrialization, encouragement of the private sector and entrepreneurship, and the opening of its doors to outside trade and education.

Through this encouragement of the Royal Government the Lhaki Group of Companies were promoted by Dasho Ugyen Dorji, in the late 80s. The Group initially started its venture with the Construction and Manufacturing of Cement.

In the Process, Lhaki Cement was established in the year 1989-90. The unit commenced commercial production in the year 1993 with 2 VSKs of 50 TPD each. The plant was augmented in the year 1995-96 with an additional VSK of 50 TPD whereby the total Clinker Capacity of the plant reached to 150 TPD.

Its cement grinding capacity was further augmented in the year 2000-2001 by installing an additional cement mill. With this the total cement girding capacity was increased to 350 TPD.

In the year 2007 the promoters resolved to upgrade the technology as well as the capacity of the plant by installing fully automated PLC controlled 450 TPD dry process rotary plant with 5 stage suspension pre-heater. The augmentation project commenced commercial production in 2009.

VISION & TARGETS

Vision of Lhaki Cement is to produce best quality Port Land Cement as per IS norms at a reasonable cost. Best strength, durability and customer satisfaction these are the corner stones of Lhaki Cement Management team.

Right from the inception capacity utilization not less than 90% in Clinker Production and Cement Grinding is the target of the Company.

CORE VALUE & PRINCIPLES:

Consistent effort for excellence in Quality, Hard work, Best customer care are the prime values and principles laid down before us while pursuing the operation of the unit.

COMMITMENTS:

Environment friendly operation, Maximum Capacity Utilization, Optimum cost, Development of Human Resource.

PROMOTER:

Dasho Ugen Dorji, Chairman, Lhaki Group of Companies
Sonam Tobgay Dorji, Vice-Chairman Cum Managing Director

REVENUE DETAILS (figures in million Nu.) VSK Technology Period

2007 2006 2005
Turnover 287.41 208.71 175.66
Gross block (Fixed Assets) 161.29 159.52 158.47
Profit After Tax 49.30 12.91 8.93

Note:

450 TPD augmentation project commenced in 2007 with the financial assistance from the consortium of financial institutions comprising of Bank of Bhutan, Bhutan National Bank, Royal Insurance Corporation of Bhutan and Bhutan Development Finance Corporation. Augmentation Project was Commissioned in July 2009 and commenced commercial operation from November 2009.

2009 2008 Turnover 303.825 287.457 Gross block (Fixed Assets) 600.650 161.29 Profit After Tax 15.057 30.122

REVENUE DETAILS (figures in million Nu.) Augmented 450 TPT Rotary Plant

2011 2010 Turnover 749.763 688.690 Gross block (Fixed Assets) 645.085 620.033 Profit After Tax 64.443 91.452

PRODUCTS & QUALITY ASSURANCE:

Lhaki Cement products are both BIS certified and SQCA approved.

ENVIRONMENTAL RESPONSIBILITIES:

Lhaki Cement is ever dedicated in preservation of environment and operate the plant by complying the emission norms:

EMPLOYEES

Lhaki Cement is having

Year: 2012 2007

Permanent Employee: 273 156

Casual: 81 69