Hayleys Group buys Sri Lanka Shipping for Rs. 4.9 billion
Tuesday, 29 August 2017 00:40
Hayleys Advantis, the transportation and logistics arm of Hayleys Plc, has acquired 94.8% stake in the Sri Lanka Shipping Company Ltd. for Rs. 4.9 billion.
The company, a subsidiary of conglomerate Hayleys Plc, in a disclosure to the Colombo Stock Exchange said the acquisition is in line with the group’s strategy on expanding its maritime operations and paving the way for the establishment of the largest marine and shipping company in Sri Lanka.
Sri Lanka Shipping has enjoyed an excellent and respected position in the local shipping industry and is headquartered in its own building named after its founder Chairman Robert Senanayake.
The group of the company offers the local and international shipping community the full range of maritime services such as a liner and tramp ship agency, joint venture investment in ship agency companies, stevedoring, Customs house agents, clearing and forwarding, heavy lift haulage, towage and salvage, bagging of bulk fertiliser, warehousing and warehouse management and tea blending and other related services to the export of tea.
Its Board of Directors were Capt. Lester Paul Weinman (Chairman), Mrs. Sonia Weinman, Mohamed Reza (Managing Director) and Feroza Delpechitrea.
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Note:
Hayleys is one of Sri Lanka’s largest multinational business conglomerates* with a history spanning 135 years. We drive a globally competitive business portfolio encompassing 12
defined sectors of enterprise cutting across manufacturing, agriculture and services. Commencing commercial operations in 1878 as Chas. P. Hayley and Company, we were
incorporated as Hayleys Limited 61 years ago. The Group accounts for 3.17% of Sri Lanka’s export income, and 4.5% of tea and 2.2% of rubber production.
(* Often, a conglomerate is a multi-industry company.)
About Us
Commencing commercial operations in 1878 as Chas. P. Hayley and Company, we were incorporated as Hayleys Limited 61 years ago. Embracing innovation and entrepreneurship,
we’ve added value for people and businesses across the country and beyond. It is this spirit that has characterised our growth and the building of a strong and successful enterprise
that is active in local and global markets. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand, and marketing operations in Australia, India,
Bangladesh, Italy, Japan, The Netherlands, UK and USA. The Group accounts for 3.17% of Sri Lanka’s export income, and 4.5% of tea and 2.2% of rubber production.
The company, a subsidiary of conglomerate Hayleys Plc, in a disclosure to the Colombo Stock Exchange said the acquisition is in line with the group’s strategy on expanding its maritime operations and paving the way for the establishment of the largest marine and shipping company in Sri Lanka.
Sri Lanka Shipping has enjoyed an excellent and respected position in the local shipping industry and is headquartered in its own building named after its founder Chairman Robert Senanayake.
The group of the company offers the local and international shipping community the full range of maritime services such as a liner and tramp ship agency, joint venture investment in ship agency companies, stevedoring, Customs house agents, clearing and forwarding, heavy lift haulage, towage and salvage, bagging of bulk fertiliser, warehousing and warehouse management and tea blending and other related services to the export of tea.
Its Board of Directors were Capt. Lester Paul Weinman (Chairman), Mrs. Sonia Weinman, Mohamed Reza (Managing Director) and Feroza Delpechitrea.
=================
Note:
Hayleys is one of Sri Lanka’s largest multinational business conglomerates* with a history spanning 135 years. We drive a globally competitive business portfolio encompassing 12
defined sectors of enterprise cutting across manufacturing, agriculture and services. Commencing commercial operations in 1878 as Chas. P. Hayley and Company, we were
incorporated as Hayleys Limited 61 years ago. The Group accounts for 3.17% of Sri Lanka’s export income, and 4.5% of tea and 2.2% of rubber production.
(* Often, a conglomerate is a multi-industry company.)
About Us
Commencing commercial operations in 1878 as Chas. P. Hayley and Company, we were incorporated as Hayleys Limited 61 years ago. Embracing innovation and entrepreneurship,
we’ve added value for people and businesses across the country and beyond. It is this spirit that has characterised our growth and the building of a strong and successful enterprise
that is active in local and global markets. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand, and marketing operations in Australia, India,
Bangladesh, Italy, Japan, The Netherlands, UK and USA. The Group accounts for 3.17% of Sri Lanka’s export income, and 4.5% of tea and 2.2% of rubber production.
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