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Magnolia (branded as F&N Magnolia) is a brand of dairy products owned by Singaporean multinational conglomorate Fraser and Neave (F&N). Aside from Singapore, the product is also sold in several other countries throughout the Asia-Pacific as well as at Asian supermarkets in non-Asian countries.
The company was incorporated in 1981 and was listed on the Colombo Stock Exchange in 1983, with the majority of shares held by the Government of Sri Lanka. [3] In 1991, the Stassen Group acquired a controlling stake of 51% in the company. [4] Lanka Dairies, a subsidiary of Lanka Milk Foods, commenced operations in 1996.
A Sri Lankan company, Master Divers (Private) Limited, purchased 53.5% of the Company for Rs. 300 million. [4] In 2006 the company launched a new subsidiary, Pelwatte Dairy Industries (Pvt) Limited, investing Rs. 1.8 billion on a dairy processing plant and animal feed production factory in the Monaragala District. [5] [6]
Fraser and Neave, Limited (F&N) is a Thai-Singaporean food and beverage and publishing and printing industries conglomerate. It is owned by Thai Chinese billionaire business magnate Charoen Sirivadhanabhakdi. Listed in Singapore, the group's subsidiaries include F&N Foods, F&N Creameries, Warbug Group, Yoke Food Industries and Times Publishing.
Location of Sri Lanka. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.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.
Company Name Symbol B P P L Holdings: CSE: BPPL.N0000: Bairaha Farms: CSE: BFL.N0000: Balangoda Plantations: CSE: BALA.N0000: Bansei Royal Resorts Hikkaduwa: CSE: BRR ...
A cleaning company has been fined $171,000 after federal investigators found 11 children working a "dangerous" overnight shift at a meat processing plant in Iowa. The U.S. Labor Department sa id ...
Sri Lanka Industrial Development Co. Ltd; Sri Lanka Institute of Co-operative Management; Sri Lanka Insurance Corporation Ltd; Sri Lanka Institute of Development Administration; Sri Lanka Insurance & Robinson Hotel Company Ltd; Sri Lanka-Libya Agricultural & Livestock Development Co. Ltd; Sri Lanka State Trading Corporation; Sri Lanka Sugar Co. Ltd