An investment of more than $8 million by local company Basic Industries Ltd (BIL) is expected to not only deliver shareholder returns but also to stimulate and promote economic growth and prosperity.
BIL which is a subsidiary of Fijian Holdings Ltd and the holding company for Hume Industries and Standard Concrete Industries, recently commission its new state-of-the-art crusher equipment at the Standard Concrete Industries Nasinu Quarry.
According to the company the equipment will boost production and increase efficiency. In a statement company chairman Savendra Dayal said by investing in new technologies and expanding operations, private companies stimulated economic growth and contribute to a country’s overall prosperity.
Mr Dayal said BIL would remain committed by continuing to invest in the latest technology to bring in modern, superior aspect of construction in Fiji, while also ensuring that the workforce was equipped with the skills and knowledge they needed to operate and maintain these machines and be positioned to compete at local and regional level.
According to the company it has invested more than $8m in the acquisition of the four state-of-the-art mobile crushers and screens, with modern, robust heavy mobile equipment to support its operations.
Being the largest local manufacturer and supplier of quarry aggregates and concrete products in Fiji, Mr Dayal said the new equipment was expected to strengthen further BIL’s ability to support the development projects in Fiji through this latest and most advanced technology available in the market.
Meanwhile BIL chief executive officer Ritesh Dass highlighted that they were always looking for ways to improve their operations and provide their customers with the best products and services.
“We believe that this investment is a testament to our commitment to innovation and excellence, and we are confident that it will lead to a bright future for our company, our customers, and our local Fijian shareholders,” he said.
He said the commissioning of the new equipment was expected to have a positive impact on the company’s performance by increasing production capacity, reducing downtime, and improving product quality.
Chief guest at the commissioning ceremony, Minister for Public Works, Transport, and Meteorological Services, Filipe Tuisawau commended the BIL for its efforts in supporting the infrastructure development projects in Fiji.
“BIL’s quarries is one of the important partners of the Ministry of Infrastructure.
“The substantial investment by BIL will lead to a significant increase in BIL’s production capacity and capability, which is very positive for the Government of Fiji, as it increases BIL’s ability to service quarry aggregate demand for future road infrastructure and development,” Mr Tuisawau said.
