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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.
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]
In 1999 the company acquired a significant stake in highly diversified Aitken Spence PLC, which has interests in power generation, shipping and hotels in Sri Lanka, India, Oman and the Maldives. In 2003 the company acquired a 90% stake in Sri Lanka Insurance Corporation Limited when the Sri Lankan government sold the state-owned insurer. [5]
In 1998, Lion Brewery established a new 300,000 hL/yr capacity brewery in Biyagama, just outside the capital Colombo, with the Nuwara Eliya operations closing in July 2001. [3] [6] The capacity of the Biyagama brewery has subsequently been increased to 750,000 hL/yr. It is the market leader in Sri Lanka with an 82% market share.
The Kingsbury, trading as The Kingsbury PLC, formerly the Ceylon Continental Hotel Colombo and the Ceylon Inter-Continental Hotel, is a nine-story hotel located at 48, Janadhipathi Mawatha in the city centre of Colombo, Sri Lanka. It was built by U. N. Gunasekera, and is owned by Hotel Services (Ceylon) PLC, which is a subsidiary of Hayleys PLC ...
Capitol Hotel Holdings, a joint venture of Sanken, John Keells Holdings, and a Singaporean firm 243 Sri Lanka's first 'lean luxury' hotel. [39] Galadari Hotel. Colombo 1984 — Galadari Hotels Lanka PLC, a subsidiary of Galadari Brothers: 450 The hotel was previously managed by Le Méridien and JW Marriott Hotels. [40] Galle Face Hotel. Colombo ...
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 local beer market is currently occupied by three main brewers. The largest of Sri Lanka's brewers is the Lion Brewery, which is also the oldest brewery in the country. It produces over 80% of Sri Lanka's beers. In 1988 it constructed a new brewery at Biyagama to replace the century-old facility at Nuwara Eliya.