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A consortium led by Royal Ceramics acquired 80% of Lanka Tiles's parent Lanka Ceramic in May 2013, bringing Lanka Tiles under the Vallibel One Group. [9] With the acquisition, Royal Ceramics gained a near-monopoly of the Sri Lankan tile market. [10] Lanka Tiles invested LKR200 million to export mosaic tiles to the United States in 2019.
Royal Ceramics Lanka PLC branded as Rocell, is a Sri Lankan holding company and is also engaged in manufacturing ceramic tiles and bath ware. The company was founded in 1990 and in 1994, it was listed on the Colombo Stock Exchange. The company is one of the constituents of the S&P Sri Lanka 20 Index. [2]
Swisstek secured a US$4.5 million timber flooring contract from the Cinnamon Life Colombo project in 2019. The contract is the largest timber flooring deal awarded in Sri Lanka. Swisstek entered into the contract to supply and install 350,000 square feet (33,000 m 2) of solid wood flooring for the project. [9]
Access Engineering PLC is a Sri Lankan civil engineering company engaged in the construction industry and supply of construction-related services and materials. [2] The company is one of the constituents of the S&P Sri Lanka 20 Index. [3] The company was founded in 2001, and in 2012 was listed on the Colombo Stock Exchange.
The company was awarded by LMD as the most respected finance company in Sri Lanka in 2019. The company is the fastest to cross the Rs. 1 billion profit mark in 2019. [ 4 ] In 2014, Australian gambling tycoon James Packer's Crown Casino planned to start a joint venture project with Vallibel One, its value more than US$300 million, but the ...
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 ]
The company started when Otara Gunewardene began selling factory surplus garments and apparel from her car boot to family and friends in 1989. [5] [6] [7]Gunewardene registered Odel (the name is based on her own name, Otara Del Gunawardene [5]) as a private limited liability company on 31 October 1990 [7] [8] and the company opened its first 37 m 2 (400 sq ft) store on Dickmans Road in Colombo.
Tokyo Cement Company (Lanka) PLC is a Sri Lankan cement manufacturing company headquartered in Colombo. The company is engaged in manufacturing Portland cement, Pozzolana cement, tile adhesives and other cement products. [2] Sri Lankan entrepreneur, A. Y. S. Gnanam founded the company in 1982. [3]