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Damro is a Sri Lankan furniture and washing machine manufacturer that designs and sells diverse range of modern and traditional furniture. [1] Damro is regarded as the largest furniture manufacturer in South Asia and it is also regarded as one of the world's largest furniture manufacturers. [2] It is also hailed as a popular lifestyle brand.
Teak is a hardwood that is particularly resistant to different types of climate, making it suitable for shipbuilding and for furniture. [1] Teak furniture can remain outdoors in any climate year round, and can be left unfinished or protected. Plantation teak wood can be considered eco-friendly due to its long life expectancies.
The primary use of teak harvested in Indonesia is in the production of outdoor teak furniture for export. Nilambur in Kerala, India, is also a major producer of teak and is home to the world's oldest teak plantation. [21] Teak consumption raises several environmental concerns, such as the disappearance of rare old-growth teak.
Lanka Sathosa also known as Sathosa is a wholesale and retail chain located in Sri Lanka. It is considered to be the largest state-owned retail chain in the country and was established in 2005. [ 1 ] Sathosa was incorporated as a state-owned enterprise under Companies Act no 7 of 2007 and it is regulated by the Ministry of Trade, Commerce ...
Sankheda furniture in a living room setting. Sankheda furniture is colourful teak wood furniture of Gujarat, India, treated with lacquer and painted in traditional bright shades of maroon and gold. [1] It is made in Sankheda village and hence its name. [2] The village is located about 45 kilometres (28 mi) from Vadodara. [3]
According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income. As of 2010 [update] , the service sector makes up 60% of GDP, the industrial sector 28%, and the agriculture sector 12%. [ 1 ]
Richard Piries Company is the market leader and the pioneer in the tyre Retread industry of Sri Lanka and commands a market share of nearly 60%. In addition to that, it has become the largest Retreader in the whole of South Asia which is a remarkable achievement for a Sri Lankan company.
LMD 100, dubbed as "Sri Lanka's Fortune 500", annually lists the leading 100 quoted companies in Sri Lanka. Only the top 10 companies are listed below. All revenue figures reported before the financial year ending 2024. [2] [3]
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