Colombo Fort Land & Building Company PLC (CFLB) the fully diversified conglomerate
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COMPANY PROFILE
The Colombo Fort Land & Building Company PLC is a public limited liability company incorporated and domiciled in Sri Lanka and listed on the Colombo Stock Exchange.
The Company was incorporated on 30th April, 1895 for the purpose of acquiring the premises known as Leyden Bastian located in Fort of Colombo then, occupied by the Wharf & Warehousing Company Limited, and to develop this site to meet burgeoning demand for high quality office accommodation in the city.
Over the years, the Company has expanded by organic growth as well as strategic acquisitions and has evolved from a passive property owning company into a dynamic conglomerate with diverse interest in real estates, chemicals and paints, consumer products, distribution, manufacturing, construction, leisure management, plantations and investments.
GROUP HOLDINGS
ASSET VALUE
REAL ESTATE AND PROPERTY MANAGEMENT
The freehold land and building located at the Sir Baron Jayathilaka Mawatha is owned by the Colombo Fort Land & Building Company PLC and the Company has rented out the building to tenants at market rates.
York Arcade Holdings PLC, a subsidiary owns a building equipped with modern office facilities and has rented out the premises to tenants at market rates.
CHEMICALS
Lankem Ceylon PLC, a Group subsidiary started its agrochemical business in in 1973. hey represent companies such as Syngenta, Dupont, Kumiai, Nissan, Sumitomo, Mitsui and Algea.
The Company manufactures markets and distributes agricultural products, namely Weedicides, Insecticides,
Fungicides and Foliar Fertilizers.
Lankem Ceylon PLC holds a strong position in the chemical sector solvent market. The Company imports all its raw materials from reputed companies such as Exxon Mobil, Sasol, CKG Chemicals.
The Company is an island-wide distributor for Ceylon Petroleum Corporation and continues to be the largest private sector distributor making the entire range of bituminous products to the road constructions industry.
PAINTS
Lankem Paints has been in operation from 1984 and is the pioneer coatings manufacturer in the country. The Company currently owns the international brand name Robbialac and markets all the coatings under the same brand.
CONSUMER PRODUCTS
The Consumer Products Division of the Group subsidiary Lankem Ceylon PLC specialises in manufacturing and marketing of domestic detergents, household insecticides and general purpose cleaners. The Company also imports washing powder.
PLANTATION
Kotagala Plantations PLC and Agarapatana Plantations Limited are owned and managed by the Group.
LEISURE MANAGEMENT
The Group owns and manages three resort hotels. Hotel Club Palm Bay in Marawila is owned by Marawila
Resorts PLC and The Palms at Beruwala is owned by Beruwala Resorts Limited. Sigiriya Village Hotel, which is located in an ancient city is owned by Sigriya Village Hotels PLC.
CONSTRUCTION
The Group’s construction subsidiary, Lankem Developments PLC continues to focus on its core operating activities, namely water proofing and road construction.
DISTRIBUTION
E.B. Creasy & Company PLC, a subsidiary of the Group has an island-wide dealer network, which distributes hardware and automotive accessories, imported from well-known foreign principals as well as locally manufactured items. Darley Butler & Co. Limited has one of the most extensive distribution system in Sri Lanka has one of the largest team of professional Sales Representatives backed by a modern feet of vehicles and long establish network of financially sound goods.
Muller & Phipps (Ceylon) PLC and its subsidiary company Pettah Pharmacy Limited both are serving as agent representatives in Sri Lanka for foreign pharmaceutical companies and are engaged in importing, wholesaling and distribution of pharmaceuticals.
MANUFACTURING
Laxapana Batteries PLC quoted on the Colombo Stock Exchange is the pioneer manufacturer of dry cell batteries in Sri Lanka. The Company manufactures two types of dry cell batteries under the Laxapana brand name.
Creasy Foods Limited is the manufacturer of a range of medicated confectionery under licence from Cadbury Schwepps PLC of UK. The Company has diversified its activities and now produces falaovured sweets as well under the brand name of Candyman.
IMPORT AND MARKETING OF MOTOR VEHICLES & SPARE PARTS
Colonial Motors PLC is engaged in import and marketing of motor vehicles, spare parts and providing maintenance services. The business is highly competitive and continues to face severe competition.Carplan Limited, a subsidiary of Colonial Motors Limited, which holds the Agency rights for KIA Motors in Sri Lanka is engaged in import and marketing of motor vehicles and servicing of vehicles.
INVESTMENTS
Colombo Fort Investments PLC, Colombo Investment Trust PLC and Capital Investments Limited are associate companies in the Group engaged in holding and managing investment portfolios.
KEY SHAREHOLDERS
Auto sourced from Sri Lanka Equity Analytics. Go to source
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