Annual Report - 2008 - Colombo Stock Exchange

Ceylon Theatres PLC | Annual Report 2008 | Corporate ProfileFood and BeverageCargills (Ceylon) PLC is spearheadingthe sustainable development of thefood industry in Sri Lanka with astrong focus on innovation and yearon-year investment in people andprocesses. It has the largest retailnetwork in the island with over 50%of modern retail market share, whileleading sectoral growth in the foodmanufacturing sector with three ofthe largest production facilities in thecountry.The Cargills agribusiness model hasgained global recognition for linkingthe farmer to the market througha sustainable and inclusive valuecreation process. The company isthe leading player in the country’srestaurant sector and holds thefranchise for KFC which is the largestinternational restaurant chain in SriLanka.Real EstateThe Group’s interests in Real Estateare driven by CT Land Developmentand CT Properties. CT LandDevelopment owns Majestic City,Sri Lanka’s premier shopping andentertainment complex, while CTProperties is currently in the finalstages of developing ‘Empire’, SriLanka’s tallest residential buildingstructure, and CT Gardens, atownship development project, whilehaving other projects in the pipeline.Bandarawela Hotel is the only hotelunder the Group, but is a highlypatronized favourite get-away spotin the hills for many local and foreigntourists.Ceramics, Tiles and WoodenFlooringThe Group’s interests in this segmentinclude mining of ceramic rawmaterials and retailing of ceramic andallied products through its subsidiaryLanka Ceramic, and the manufactureof wall tiles, floor tiles and woodenflooring. Lanka Walltile is the solemanufacturer of wall tiles in Sri Lanka,while Lanka Tiles is the pioneer floortile producer in Sri Lanka for both thedomestic and export markets. Parquetmanufactures wooden flooring.Through its marketing and distributionarm Millers, the company distributesits manufactured brands andinternationally acclaimed food andnon-food brands via a network ofdistributors spread across the 25districts of the island.