Cargills (Ceylon) PLC
 | |
| Public | |
| Traded as | CSE: CARG.N0000 |
| Industry |
Banking Retail FMCG Restaurant |
| Founded | Colombo Fort, Sri Lanka 1844 |
| Founder |
William Miller David Sime Cargill |
| Headquarters | Colombo, Sri Lanka |
Area served | Sri Lanka |
Key people |
Louis R. Page Chairman Ranjit Page Vice Chairman M.I. Abdul Wahid Managing Director |
| Products |
FMCG Brands Cargills Magic Heavenly Kotmale Cargills Kist Cargills Supremo Cargills Finest Cargills Goldi Cargills Sams Milca Cargills Lanka Milk Retail Brands Cargills Food City Cargills Food City Express Cargills Big City Cargills Book City Restaurant Brands KFC Sri Lanka T.G.I. Friday'sSri Lanka |
| Revenue | Rs 61.6 billion(2015)[1] |
| Rs 1.6 billion[1] | |
Number of employees | 7,826(2014) |
| Website | www.cargillsceylon.com |
Cargills (Ceylon) PLC is a Sri Lankan Retail, FMCG, Banking and Restaurant company which is listed on the Colombo Stock Exchange. The controlling interest in the company is held by Ceylon Theatres PLC.[2]
History
In 1844, William Miller and David Sime Cargill commenced a general warehouse, import and wholesale business in Colombo Fort. The establishment was named the ‘House of Cargills’. A successful bid by Sir Chittampalam A. Gardiner saw the House of Cargills being incorporated as a Public limited company on 1 March 1946.
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The historical Cargills and Millers building, currently used as headquarters of Cargills (Ceylon) PLC
In 1981 Ceylon Theatres acquired controlling interest of the Company and Mr. Albert A. Page was appointed the Managing Director. Mr. Albert Page went on to become the Chairman of Cargills on 26 November 1982.
Under the new management, Cargills explored the potential of innovating on its trading legacy. As a result, in 1983 Cargills established the first supermarket chain in Sri Lanka with the opening of its first outlet at Staple Street.
Cargills ventured into the production of processed meats in 1993 when the Company invested in its first manufacturing facility Cargills Quality Foods, in Mattakkuliya. In 1996 Cargills acquired the franchise license for KFC and innovated on its secret recipe to deliver products that suited the local palate.
Cargills began sourcing fruits and vegetables directly from farmers in 1999 when it established its first collection centre in Hanguranketha. In 2002 it invested in a dairy processing plant and thereby expanded its outgrower network to include dairy farmers. Cargills Magic ice cream was the outcome of this endeavor. In the same year Cargills diversified into agri-processing with Cargills Kist which created further market opportunities for farmers.
In 2008 Cargills acquired Millers Limited consolidating its marketing and distribution operation.
In 2010 Cargills undertook an aggressive expansion plan in the FMCG sector to ride the growth potential of a growing economy. During that year the Company expanded its interests in the dairy sector by acquiring Kotmale Holdings PLC[3] and entered another growing category with the acquisition of Diana Biscuits now marketed under the Kist brand.[4]
In 2011, Cargills entered the soft alcohol industry by completing the acquisition of the McCallum Brewery and its brands. In the same year the Company secured a provisional commercial banking license from the Central Bank of Sri Lanka.
Cargills acquired the franchise license for T.G.I. Friday's and opened its first restaurant at Colombo Fort in October 2013. In April 2014 Cargills Bank commenced business operations and in the same year the Cargills Group kickstarted a restructuring initiative which saw Cargills exiting the soft alcohol business. As part of this restructuring, Cargills entered into agreement with the International Finance Corporation (IFC) for equity investment into the Cargills Retail sector
Banking
- Cargills Bank - Provisional license were issued to operate a bank in September 2011.Cargills Bank received its license to operate domestic and off Shore banking business on January 21, 2014 and was ceremonially opened on June 30th, 2014.
Modern Retailing
Cargills is involved in retailing goods through the following brands:
- Cargills Food City - Supermarket chain with approximately 266 outlets[5]
- Cargills Express - Convenience Stores
- Cargills Book City- Book Shops
- Cargills Big City- Hypermarket
- Private Labels - Cargills Home[2]
Food Manufacturing
Cargills is involved in food manufacturing through the following sub brands:
- Cargills Magic
- Cargills Kist
- Supremo
- Cargills Finest
- Milca
- Cargills Lanka Milk[2]
Restaurant
- KFC Sri Lanka
- T.G.I. Fridays Sri Lanka
Agri Business
Cargills Agri Business model[2]
Distribution
Millers Distributors[2]
References
- 1 2 "Cargills Annual Report 2015.pdf" (PDF). Cargills, Ltd. Retrieved 20 August 2015.
- 1 2 3 4 5 Cargills Ceylon PLC - Pride of the Nation
- ↑ http://www.cargillsceylon.com/MediaCentre/News.aspx?newsId=0238
- ↑ http://www.cargillsceylon.com/MediaCentre/News.aspx?newsId=0241
- ↑ Cargills Food City