Aitken Spence

Aitken Spence
Type Public
(CSE : SPEN.N0000 )
Industry Plantation Services
Leisure
Power Generation
Transportation
Information technology
Financial Services
Apparel
Headquarters Colombo, Sri Lanka
Website Official Website

Aitken Spence PLC is a blue chip conglomerate operating out of Colombo, Sri Lanka.

Contents

History

Aitken Spence was formed in 1868 as Clark Spence and Co. It was appointed as an agent for Lloyds of London in 1876. Aitken Spence was established as a limited liability company in 1948. In 1968 it became wholly Sri Lankan owned and in 1983 it was listed in the Colombo Stock Exchange.[1]

Sectors

Aitken Spence operates in industries including power generation, garment manufacturing, inland container operations, integrated warehousing, shipping, freight forwarding and tourism.[2] It is currently the sole bidder for Colombo Port's new container terminal (in a joint venture with China Merchants Holdings (International)).[3]

Expansion

Aitken Spence expanded into Maldives, India and Oman in early 2008,[4] after violence in its home country of Sri Lanka escalated and severely impacted the hotel industry there.[5] As early as 2006, the conglomerate had been securing business deals in India.[6]

References

  1. ^ "Our Heritage - Aitken Spence". http://www.aitkenspence.com/about_us/shipping_tourism_insurance_industry_sri_lanka.asp. 
  2. ^ "Sri Lanka's Aitken Spence notes affirmed at 'AA(lka)'; outlook stable - Fitch". Forbes. February 2, 2008. http://www.forbes.com/feeds/afx/2008/02/14/afx4655638.html. Retrieved 2009-08-25. 
  3. ^ "China Merchants JV Bids for Colombo Container Port". Caijing. 17 July, 2009. http://english.caijing.com.cn/2009-07-17/110199028.html. 
  4. ^ Anusha Ondaatjie (May 9, 2008). "Aitken Spence Targets India, Maldives, Oman Hotels for Profit". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601091&sid=azkUpnNJMZks&refer=india. Retrieved 2009-08-25. 
  5. ^ Anusha Ondaatjie (May 9, 2008). "Sri Lanka's Shattered Peace Process Hurting Tourism". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601080&sid=aG6cyNIEkJJA&refer=asia. Retrieved 2009-08-25. 
  6. ^ "Indian Dreams". Lanka Business Online. August 29, 2006. http://www.lankabusinessonline.com/fullstory.php?newsID=1621030966&no_view=1&SEARCH_TERM=12. Retrieved 2009-08-25. 

External links