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In 2020, Lanka Milk Foods planned to commission a new dairy farm at a cost of LKR3 billion. The plant was planned to be operated under a new subsidiary, United Dairies Lanka (Pvt) Ltd. The farm planned to accommodate 2,000 cows and double the yoghurt production capacity. In 2020, 40% of the demand for milk in Sri Lanka was fulfilled by fresh milk.
There were sources claiming Milco could enter into privatization with a possible takeover by India’s Amul Dairy Company in a Sri Lanka-India joint venture. [ 6 ] [ 7 ] [ 8 ] However, the plans to sell Milco were shelved due to the change in government after Anura Kumara Dissanayake had been elected as the president of Sri Lanka following the ...
The company was founded by the Anglo-Swiss Condensed Milk Company in 1906 and incorporated under Nestlé Ceylon Company. Nestlé Lanka is Sri Lanka's largest food company by revenue, with Rs 36.355 billion in 2019. The whole company is controlled by the Nestlé Switzerland parent company.
Ceylon Cold Stores was established in 1866 as the Colombo Ice Company, which in 1863 imported the country's first ice-making machine. With an initial capital of £1,600, two steam engines of 8 and 9 horsepower, and a total of 22 employees, the company started producing ice on a commercial scale. [ 3 ]
SMAK is a popular and one of the largest beverage, natural fruit juice, fruit preserves, snack and dairy products brand in Sri Lanka. The brand is owned by Country Style Foods Private Limited and was established in 1981. The company holds over 70% market share in non-carbonated beverages category in Sri Lanka. [1] [2] [3] [4]
Kiri Aluwa (Sinhala: කිරි ටොෆී), also known as milk toffee or kiri toffee, is a popular traditional Sri Lankan soft toffee. [1] [2]These soft caramelised milk confectionery come in the shape of little squares, whose size varies according to tradition.
[17] [18] [19] In 2020 they won the 'Brand Excellence Award' at the Sri Lanka Best Brand Awards. [20] [21] In 1970, Hinni Appuhamy died leaving his company to his son, Rathnapala Samaraweera. [3] [5] In the 1970s and 1980s the company had over 85% of the Sri Lankan biscuit market. [22]
The per capita consumption of milk and dairy products in Sri Lanka (about 36 kg) is less, compare to other countries in the South Asian region. Since the 1980s Sri Lanka import dry milk powder as their main dairy commodity from Australia and New Zealand up to now.