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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 (Ceylon) PLC is a tile grout and tile mortar manufacturing company in Sri Lanka. The company was established in 1967 as Parquet (Ceylon) Ltd to manufacture parquetry . Parquet (Ceylon) signed an agreement with Switzerland-based Bauwerk AG for technology collaboration and started supplying for the domestic and foreign markets under the ...
Apparently, mosaic tiles are some type of decorative bathroom wall tiles. The importance of Lanka Tiles is that Lanka Tiles and its intermediary parent Royal Ceramics control a near-monopoly of the tile market in Sri Lanka. As a result, the price of bathroom fittings has nearly tripled for average consumers.
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 ...
Managing Director of Lanka Walltiles PLC, Lanka Tiles PLC, Swisstek (Ceylon) PLC, Swisstek Aluminium Ltd., and Lanka Ceramic PLC Panduka Mahendra Jayasekera (born on 16 October 1966), is a Sri Lankan business professional.
The Mangalore tiles are generally placed inclined at forty five degrees. The tiles get their red colour from the high proportion of iron compound found in the laterite clay. [14] A tile weighs about 2 kilograms (4.4 lb) to 3 kilograms (6.6 lb). [15] These kinds of tiles are most popularly used in Canara, Goa, Kerala, and the Konkan.
These red Mangalore tiles, prepared from hard clay, are in great demand throughout India, Myanmar, and Sri Lanka, and are even shipped to East Africa, the Middle-East, Europe, and Australia. These were the only tiles to be recommended for Government buildings in India during the British regime.