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Alumex is the leading Aluminium manufacturer in Sri Lanka, with a 46% market share. Alumex's related company Swisstek controls 30% of the market share. [8] Alumex is one of the LMD 100 companies in Sri Lanka. LMD 100, analogous to Fortune 500, lists publicly traded companies in Sri Lanka by revenue. In its 2020/21 edition, Alumex ranked 88th. [9]
Swisstek (Ceylon) also produces skim coats and decorative pebbles, and its subsidiary, Swisstek Aluminium manufactures aluminium extrusions. [1] Alumex, a related company of Swisstek is the market leader in aluminium production and controls 46% of the market share. Swisstek Aluminium Ltd has control of 30% of the market share. [11]
The private sector accounts for 85% of the economy. [2] India is Sri Lanka's largest trading partner. [3] Economic disparities exist between the provinces, with the Western province contributing 45.1% of the GDP and the Southern province and the Central province contributing 10.7% and 10%, respectively. [4]
Melstacorp PLC was originally formed as Beruwala Distillery (Private) Limited in 1995. Distilleries Company of Sri Lanka (DCSL) acquired the Company and renamed it Melstacorp Limited in order to subsequently make it the holding Company of the then DCSL group. All subsidiary companies of DCSL were transferred to the Company between 2010 and 2015.
A private company limited by shares, or an unlimited company with a share capital, may re-register as a public limited company (PLC). A private company must pass a special resolution that it be so re-registered and deliver a copy of the resolution together with an application form 43(3)(e) to the Registrar.
In 2017, Nova Nordeplast, a Brazilian company that produces films and foils was acquired by ACG. In 2017, ACG acquired In2trace, a Croatia-based startup with a proprietary technology in track-and-trace business. [23] 90% of production of ACG’s plant in Croatia is exported to the USA, Russia and European countries. [24]
From January 2008 to December 2012, if you bought shares in companies when Donald R. Keough joined the board, and sold them when he left, you would have a 9.0 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
The second plant, a rolling mill designed for sheet and foil, was in Bridgnorth, Wolverhampton. In 1980, the company's aluminium production reached its maximum of over 800,000 tonnes. [4] During the 1980s, the company restructured, closing outdated plants, downsizing, and modernising its semi-finished aluminium production facilities. [2]