LAUGFS Holdings
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LAUGFS Holdings
LAUGFS Holdings Limited is a Conglomerate (company), diversified conglomerate from Sri Lanka and has since expanded overseas. Laugfs Holdings is mainly engaged in Energy industry, Energy, retail, Industrial sector, Industrial and manufacturing, Hospitality industry, Hospitality, Real estate, logistics, pharmaceuticals and several other sectors. Sectors Power and energy ''LAUGFS Gas, LAUGFS Gas PLC'' () is a publicly listed company engaged in Downstream (petroleum industry), downstream activities and Liquefied petroleum gas, Liquid Petroleum Gas (LPG) related activities. Created in 2001 when the Sri Lankan government liberalized the LPG industry it soon expanded and was listed in the Colombo Stock Exchange in 2010. ''LAUGFS Power'' is engaged in Electricity generation, power generation from Renewable energy, renewable sources such as Solar power, Solar and Hydroelectricity, Hydro. ''LAUGFS Petroleum'' (Pvt) Limited was incorporated in 2004 as a fully owned subsidiary of LAUG ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Liquefied Petroleum Gas
Liquefied petroleum gas (LPG or LP gas) is a fuel gas which contains a flammable mixture of hydrocarbon gases, specifically propane, propylene, butylene, isobutane and n-butane. LPG is used as a fuel gas in heating appliances, cooking equipment, and vehicles. It is increasingly used as an aerosol propellant and a refrigerant, replacing chlorofluorocarbons in an effort to reduce damage to the ozone layer. When specifically used as a vehicle fuel, it is often referred to as autogas or even just as gas. Varieties of LPG that are bought and sold include mixes that are mostly propane (), mostly butane (), and, most commonly, mixes including both propane and butane. In the northern hemisphere winter, the mixes contain more propane, while in summer, they contain more butane. In the United States, mainly two grades of LPG are sold: commercial propane and HD-5. These specifications are published by the Gas Processors Association (GPA) and the American Society of Testing and Ma ...
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Chartering (shipping)
Chartering is an activity within the Maritime transport, shipping industry whereby a ship-owner, shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French ''"charte partie"'', or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter. The charterer In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per day for the agreed duration of the charter. A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire r ...
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Commodity Market
A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management. A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier. Derivatives are either exchange-traded or over-the-counter (OTC). An increasing number of derivatives are traded via clearing houses some with central counterparty clearing, which provide clearing and settlement services on a futures exchange, as well as off-exchange in the OTC market. Derivatives such as futures contracts, Swaps (1970s-), Exchange-traded C ...
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Port Of Mongla
The Port of Mongla is a link sea port, located at Mongla Upazila, Khulna Division, Bangladesh.It is a sea port of Khulna city which is located near to the north. It is the second largest and second busiest seaport of Bangladesh. Mongla port lies close to the shore of Bay of Bengal and Pashur river. Mongla is renowned among the major important ports of the Bengal delta. Due to the increasing congestion in Bangladesh's largest port in Chittagong, many international shipping companies have turned to Mongla as an alternative. Also the influence of continuous demanding from all over the country and neighbouring countries made it busier and economically eye catching day by day. Also some political and economical influence in Khulna region from the government also prevailing the development and demand the port Mongla. Padma Bridge megaproject is a big example of those influence in Khulna region. Mongla is also a gateway for tourist ships traveling to the largest mangrove forest of wor ...
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Research And Development
Research and development (R&D or R+D), known in Europe as research and technological development (RTD), is the set of innovative activities undertaken by corporations or governments in developing new services or products, and improving existing ones. Research and development constitutes the first stage of development of a potential new service or the production process. R&D activities differ from institution to institution, with two primary models of an R&D department either staffed by engineers and tasked with directly developing new products, or staffed with industrial scientists and tasked with applied research in scientific or technological fields, which may facilitate future product development. R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment. However R&D is crucial for acquiring larger shares of the market through the marketisation ...
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Nittambuwa
Nittambuwa is a semi urban town, situated in Gampaha District, Sri Lanka. The town is situated on the Colombo-Kandy highway. It is connected also to Negombo with the highway via Veyangoda-Minuwangoda. It was the home town of the world's first female prime minister Sirimawo Bandaranayake. List of politicians from Nittambuwa * Prime minister S. W. R. D. Bandaranaike * Prime minister Sirimawo Bandaranayake * President Chandrika Kumaratunga * Speaker Anura Bandaranaike List of schools of Nittambuwa * Sri Sanghabodhi Central College * Bauddha Maha Vidyalaya * Roman Catholic Kanishta Vidyalaya * Sariputta National College Of Education * Ranpokunagama Maha Vidyalaya Ranpokunagama M. V. was founded in 1988. It is considered to be the leading Public School in Ranpokunagama. It is a Government School, meaning that it is controlled by the government as opposed to the Provincial Council and provides only the s ... Populated places in Western Province, Sri Lanka {{Weste ...
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Tribology
Tribology is the science and engineering of interacting surfaces in relative Motion (physics), motion. It includes the study and application of the principles of friction, lubrication and wear. Tribology is highly interdisciplinary, drawing on many academic fields, including physics, chemistry, materials science, mathematics, biology and engineering. People who work in the field of tribology are referred to as ''tribologists''. The fundamental objects of study in tribology are tribosystems, which are physical systems of contacting surfaces. In lubricated tribosystems, contact stress can create tribofilms. Subfields of tribology include biotribology, nanotribology, space tribology and tribotronics. Etymology The word ''tribology'' derives from the Ancient Greek, Greek root τριβ- of the verb , ''wiktionary:tribo-, tribo'', "I rub" in classic Greek, and the suffix ''-logy'' from , ''wiktionary:-logia, -logia'' "study of", "knowledge of". Peter Jost coined the word in 1966, in t ...
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Lubricant
A lubricant (sometimes shortened to lube) is a substance that helps to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move. It may also have the function of transmitting forces, transporting foreign particles, or heating or cooling the surfaces. The property of reducing friction is known as lubricity. In addition to industrial applications, lubricants are used for many other purposes. Other uses include cooking (oils and fats in use in frying pans, in baking to prevent food sticking), bioapplications on humans (e.g. lubricants for artificial joints), ultrasound examination, medical examination, and sexual intercourse. It is mainly used to reduce friction and to contribute to a better and efficient functioning of a mechanism. History Lubricants have been in some use for thousands of years. Calcium soaps have been identified on the axles of chariots dated to 1400 BC. Building stones were slid on oil-impregrated lumb ...
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Filling Station
A filling station, also known as a gas station () or petrol station (), is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline (or petrol) and diesel fuel. Gasoline pumps are used to pump gasoline, diesel, compressed natural gas, CGH2, HCNG, LPG, liquid hydrogen, kerosene, alcohol fuel (like methanol, ethanol, butanol, propanol), biofuels (like straight vegetable oil, biodiesel), or other types of fuel into the tanks within vehicles and calculate the financial cost of the fuel transferred to the vehicle. Besides gasoline pumps, one other significant device which is also found in filling stations and can refuel certain (compressed-air) vehicles is an air compressor, although generally these are just used to inflate car tires. Many filling stations provide convenience stores, which may sell confections, alcoholic beverages, tobacco products, lottery tickets, soft drinks, snacks, coffee, newspap ...
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Hydroelectricity
Hydroelectricity, or hydroelectric power, is Electricity generation, electricity generated from hydropower (water power). Hydropower supplies one sixth of the world's electricity, almost 4500 TWh in 2020, which is more than all other Renewable energy, renewable sources combined and also more than nuclear power. Hydropower can provide large amounts of Low-carbon power, low-carbon electricity on demand, making it a key element for creating secure and clean electricity supply systems. A hydroelectric power station that has a dam and reservoir is a flexible source, since the amount of electricity produced can be increased or decreased in seconds or minutes in response to varying electricity demand. Once a hydroelectric complex is constructed, it produces no direct waste, and almost always emits considerably less greenhouse gas than fossil fuel-powered energy plants.
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Solar Power
Solar power is the conversion of energy from sunlight into electricity, either directly using photovoltaics (PV) or indirectly using concentrated solar power. Photovoltaic cells convert light into an electric current using the photovoltaic effect. Concentrated solar power systems use lenses or mirrors and solar tracking systems to focus a large area of sunlight to a hot spot, often to drive a steam turbine. Photovoltaics were initially solely used as a source of electricity for small and medium-sized applications, from the calculator powered by a single solar cell to remote homes powered by an off-grid rooftop PV system. Commercial concentrated solar power plants were first developed in the 1980s. Since then, as the cost of solar electricity has fallen, grid-connected solar PV systems have grown more or less exponentially. Millions of installations and gigawatt-scale photovoltaic power stations continue to be built, with half of new generation capacity being solar in 2021. ...
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