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Renuka Shaw Wallace unveils growth plans

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1Renuka Shaw Wallace unveils growth plans Empty Renuka Shaw Wallace unveils growth plans Wed Nov 21, 2012 5:04 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Renuka Shaw Wallace (formerly known as Coco Lanka PLC) on Wednesday launched its new mission and corporate identity in Colombo saying it was moving into a fully-fledged food and beverage company from only the agri business.

“Our new name better reflects the complete spectrum of businesses we are in and the opportunities we are unleashing. Renuka Shaw Wallace brings together a portfolio of food and beverage companies which are respective leaders in their segments”, Shamindra Rajiyah, CEO / Executive Director of Renuka Shaw Wallace told reporters.

The launch also highlighted the company’s many household brands in Sri Lanka such as Captain Jack Mackerel, Captain Soya Meat, Renuka Coconut products, Richlife Dairy products, Sun Gold Instant drinks, Cheers Fruit juices, Plaza canned fish and Rainers Colourings and Essences, according to a statement issued at the briefing.

Renuka Shaw Wallace group comprise Renuka Consumer Foods Ltd, Shaw Wallace Ceylon Ltd, Shaw Wallace Food Services Ltd, Renuka Products (Pvt) Ltd, Renuka Agri Foods PLC, Renuka Organics (Pvt) Ltd, Renuka Teas Ceylon (Pvt) Ltd and Kandy Plantations Ltd.

Mr Rajiyah added that Renuka Shaw Wallace operates five factories, nine processing centres, two plantations, an out-grower network exceeding 5000 farmer families, a state-of-the-art warehouse and a logistics centre. It exports to 61 countries, and locally distributes to 65,000 grocery outlets island-wide as well as to hotel, restaurants, catering establishments among others. The company directly employs 1240 people.
http://sundaytimes.lk/index.php?option=com_content&view=category&id=77:news&layout=blog&Itemid=563

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