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Distilleries Company of Sri Lanka PLC (DCSL) is a diversified Sri Lankan conglomerate listed on the Colombo Stock Exchange with a market capitalisation of US$600 Million. [2] It was one of the first Sri Lankan companies included in Forbes 's list of non-US Best Managed companies valued under US$1 billion. [ 3 ]
W. M. Mendis and Company, is a Sri Lankan beverage alcohol company, with its headquarters in Negombo, Sri Lanka. It is as known one of Sri Lanka's oldest and most renowned liquor manufacturers in Sri Lanka. [2] Considered as one of the pioneers in the field, it still ranks as one of Sri Lanka's largest distillers. [citation needed]
Lion beer produced in Sri Lanka remains the number-one brand in Sri Lanka, where Mohan Meakin had introduced it in the 1884s through their Ceylon brewery. [15] In 1820s, Lion Beer was Asia's first beer brand when its production first started with establishment of India's first european style brewery at Kasauli.
[2] [3] The Cargills Group subsequently spent Rs. 2 billion upgrading the brewery, [4] increasing the capacity from 50,000hL/yr to 600,000hL/yr. [5] [6] In June 2014 it was reported that Cargills was preparing to sell Millers Brewery, [7] the likely purchasers of the company include Distilleries Company of Sri Lanka PLC and Carson Cumberbatch ...
10. Brown-Forman Corp (NYSE: BF.B) Market cap: $32.3 billion. Kentucky-based Brown-Forman Corp is one of the biggest liquor companies in the world offering about 25 brands of wines and spirits ...
The word brewery was dropped from the company name in 1982 to remove the impression that the company was engaged only in beer making. New breweries were built during the 1970s and 1980s at Chandigarh, Madras, Nepal and Kakinada near Hyderabad. Today, Mohan Meakin's principal brands are Old Monk Rum and Golden Eagle Beer.
In September 2005 Asia Pacific Breweries acquired a 60% stake in United Brewery, [3] [4] partnering with the Sri Lankan-based Anandappa family group (20%) and MBL Offshore Limited (20%). [5] Asia Pacific Breweries is a Singaporean-based joint venture between Heineken International and Fraser and Neave. The company was subsequently renamed Asia ...
In 2017 the beer market in Sri Lanka grew by 24-25%. According to the Finance Ministry, during the first eight months of 2017, revenue from excise duty on liquor and cigarettes has significantly decreased by 5.9% to LKR 73.7 billion and by 8.1% to LKR 54.6 billion, due to a drop in the volume of sales.