 company logo | |
| Company type | Public |
|---|---|
| CSE: HVA.N0000 | |
| ISIN | LK0374N00005 |
| Industry | Beverage |
| Founded | August 22, 1997 |
| Headquarters | , Sri Lanka |
Area served | Worldwide |
Key people |
|
| Products | Ceylon tea |
| Revenue |  LKR1,164 million (2021) |
| LKR164 million (2021) | |
| LKR78 million (2021) | |
| Total assets | LKR1,285 million (2021) |
| Total equity | LKR15 million (2021) |
| Owner |
|
Number of employees |  54 (2021) |
| Website | www |
| Footnotes /references [1] | |
Heladiv, publicly traded as HVA Foods PLC, is a tea company based in Sri Lanka.
Heladiv commenced operations in 1990 as HVA Lanka Exports Pvt. Ltd., an affiliate of a Dutch-based agricultural development company, Handels Vereniging Amsterdam (Amsterdam Trade Association). [2]
In 1993, the company reverted to 100% Sri Lankan ownership. [3] [4]
In 2001, they introduced the concept of Tetra Paking of Iced Tea to Sri Lanka. In 2007, the company received an ISO 22000 accreditation by Bureau Veritas and was awarded the Lanka Star, for Packaging Excellence from the Sri Lanka Institute of Packaging, and a Soorya Sinha Awarind from the Mawbima Lanka Padanama. [5]
In 2011, the company was publicly listed on the Sri Lankan stock exchange. [6] [7]
The brand name, Heladiv, is derived from the word "Heladiva", which means our land. [2] The Heladiv product range includes ice tea, regular tea bags, flavoured tea bags, green tea, flavoured green tea, herbal infusions, leaf tea in pouches, pet jars, metal canisters, wooden boxes and gift packs.
The company operates over fifty tea cafes across China and a tea lounge in Colombo. [8] The brand Heladiv is registered and sold in over 40 countries.
In 2014/2015 the company generated a gross profit of Rs 113,838,502. [9]
Ceylon tea is both the brand of tea which is produced in Sri Lanka and a historic term describing tea from that land. Ceylon tea has been described as not only a geographical descriptor but also a pillar of Sri Lankan culture, heritage, and identity. The Sri Lanka Tea Board is the legal proprietor of the Lion Logo of Ceylon tea. In 2019, Sri Lanka was the fourth largest tea producer and the third largest tea exporter in the world. The Lion Logo has been registered in 98 countries as of 2016. Ceylon tea increasingly faces rising production costs, mainly due to increasing wages, fuel prices, and utility costs.
Bogawantalawa, also spelt Bogawanthalawa, is a small town in the Central province of Sri Lanka. It is at 1514 m elevation above sea level, about 150 km (93 mi) east of Colombo, famous for its tea estates. Most refer it to as Bogawantalawa - however the correct spelling and pronunciation is Bagawantalawa - meaning place where the blessed lived.
Dilmah Ceylon Tea Company PLC, trading as Dilmah, is a Sri Lankan beverage company that is headquartered in Peliyagoda, Western Province, Sri Lanka. While MJF Teas is the parent company of Dilmah, MJF Holdings is the ultimate parent. The company is best known for its brand of Ceylon tea, sold internationally. The company was founded in 1988 by Merrill J Fernando. As of 2023 Dilmah is the 10th largest tea brand in the world.
Lipton is a British brand of tea, soup, and dipping sauce, owned by Lipton Teas and Infusions. Lipton was also the name of a supermarket chain in the United Kingdom, owned by Allied Suppliers, which was sold to Argyll Foods in 1982, after which the brand was used only for tea, soup, and dipping sauce. The company, which is named after its founder, Sir Thomas Lipton, who started the business it in 1890, was owned by Unilever for many decades until its sale to CVC Capital Partners in 2022. Lipton’s ready to drink beverages are sold by "Pepsi Lipton International", a company jointly owned by Unilever and PepsiCo.
Mövenpick Ice Cream is a brand of ice cream of Swiss origin produced initially by Nestlé. Since 2016, Froneri - a joint venture between Nestlé and R&R Ice Cream - manufactures it.
Don Harold Stassen Jayawardena, known as Harry Jayawardena, is a Sri Lankan industrialist. He is chairman of Melstacorp PLC and is the Honorary Consul General for Denmark in Sri Lanka. Forbes listed him as one of the richest people in Sri Lanka.
Walkers Snack Foods Limited, trading as Walkers, is a British snack food manufacturer mainly operating in the UK and Ireland. The company is best known for manufacturing potato crisps and other snack foods. In 2013, it held 56% of the British crisp market. Walkers was founded in 1948 in Leicester, England, by Henry Walker. The Walkers family sold the business in 1970 to American food producer, Standard Brands. In 1989, Walkers was acquired by PepsiCo, owners of US snack brand Frito-Lay.
Cargills (Ceylon) PLC is a Sri Lankan consumer company which is listed on the Colombo Stock Exchange. It is a market leader in the Modern Retail (supermarkets), FMCG, and Restaurants industries and also has a presence in the Banking, Real Estate, and Cinema sectors. The controlling interest in the company is held by C T Holdings PLC.
Aitken Spence PLC is a Sri Lankan blue chip conglomerate with operations in South Asia, Middle East, Africa and Pacific. Listed on the Colombo Stock Exchange since 1983, it has major interests in hotels, travel, maritime services and logistics. The group also has a significant presence in printing, plantation, power generation, financial services, IT, Business Process Outsourcing/Knowledge Process Outsourcing sector, elevator agency services, garments, and property development.
Maliban Biscuit Manufactories, is one of the largest manufacturers, distributors and marketers of bakery products in Sri Lanka. Maliban is a privately owned limited liability company.
Hayleys PLC, founded in 1878, is a multinational and diversified conglomerate company in Sri Lanka with business spanning over 16 sectors, catering to 70 markets worldwide. Hayleys accounts for approximately 4.2% of Sri Lanka's export income, and 3.9% of the country's tea and 4.5% of its rubber production. With over 30,000 employees, Hayley was also the first listed entity in the country to surpass annual revenue of US$1 billion in Fiscal Year 2017/18. The company operates over 16 business sectors: eco-solutions, hand protection, purification, agriculture, consumer and retail, leisure, textile manufacturing, construction materials, plantations, industrial solutions, power and energy, transportation and logistics, BPO, tea exports, projects and engineering, and investments and services. Hayleys comprises over 130 business units and subsidiaries, nine of which are publicly listed in the Colombo Stock Exchange. In addition to Sri Lanka, Hayleys today has manufacturing facilities in Indonesia and Thailand and marketing operations in Australia, India, Bangladesh, Italy, Japan, Netherlands, UK and USA and its products are sold in 80 countries.
Tata Consumer Products is an Indian fast-moving consumer goods company and a part of the Tata Group. Its registered office is located in Kolkata while its corporate headquarters is in Mumbai. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.
SMAK is a popular and one of the largest beverage, natural fruit juice, fruit preserves, snack and dairy products brand in Sri Lanka. The brand is owned by Country Style Foods Private Limited and was established in 1981. The company holds over 70% market share in non-carbonated beverages category in Sri Lanka.
Sri Lanka has a climate and varied elevation that allows for the production of both Camellia sinensis var. assamica and Camellia sinensis var. sinensis, with the assamica varietal holding the majority of production. Tea production is one of the main sources of foreign exchange for Sri Lanka, and accounts for 2% of GDP, contributing over US$1.3 billion in 2021 to the economy of Sri Lanka. It employs, directly or indirectly, over 1 million people, and in 1995 directly employed 215,338 on tea plantations and estates. In addition, tea planting by smallholders is the source of employment for thousands whilst it is also the main form of livelihood for tens of thousands of families. Sri Lanka is the world's fourth-largest producer of tea. In 1995, it was the world's leading exporter of tea, with 23% of the total world export, and Sri Lanka ranked second on tea export earnings in 2020 after China. The highest production of 340 million kg was recorded in 2013, while the production in 2014 was slightly reduced to 338 million kg. India has additionally guaranteed Sri Lanka a shipment of 65,000 metric tons of urea. Sri Lanka's troubled execution of an organic agriculture initiative had pushed the country perilously close to an agricultural crisis. Given the surge in global fertilizer prices, it is improbable that Sri Lanka could procure fertilizer at prevailing market rates.
Mlesna Tea is a tea company owned by Euro-Scan Exports based in Sri Lanka. The company produces a range of loose teas, tea bags and gifts including: black tea, green tea, flavoured teas, and herbal teas.
Madame Flavour is a tea and tisane company based in Australia. It was established by Corinne Noyes in 2007 after she found a market gap for high-quality loose leaf tea.
Nestlé Lanka is a Sri Lanka–based foods company located in Colombo, Sri Lanka. Nestlé Lanka is a subsidiary of Nestlé, a Switzerland based company. Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea. The company was founded by the Anglo-Swiss Condensed Milk Company in 1906 and incorporated under Nestlé Ceylon Company. Nestlé Lanka is Sri Lanka's largest food company by revenue, with Rs 36.355 billion in 2019. The whole company is controlled by the Nestlé Switzerland parent company. Nestlé S.A. owns over 90 per cent total shares. Nestlé Lanka PLC became the seventh most valuable brand in Sri Lanka worth approximately Rs 21 billion in 2017.
Island Tea is a Sri Lankan brand of tea, sold internationally. The company was founded in 2017 by Minodh de Silva, it has manages and expands its network through separate companies located in Philippines, Sri Lanka, Qatar, Australia and Singapore, which are privately held.
The Swadeshi Industrial Works PLC is a personal care products manufacturing company in Sri Lanka. The company became the first local soap manufacturing company when the company was incorporated in 1941. Swadeshi is a listed company on the Colombo Stock Exchange. Brand Finance calculated Swadeshi Industrial Works' brand value to be LKR543 million in 2022 and ranks the company as 85th most valuable brand in Sri Lanka.
Lanka Milk Foods (CWE) PLC is a dairy products manufacturing company in Sri Lanka. Lanka Milk Foods was a subsidiary of the Co-operative Wholesale Establishment (CWE) which later converted to a joint-stock company. The company was incorporated in 1981 and listed on the Colombo Stock Exchange in 1983 with Sri Lankan Government holding the majority of the shares. The Stassen Group acquired a controlling stake of 51% in the company in 1991. Lanka Milk Foods's subsidiary, Lanka Dairies, introduced flavoured ready-to-drink milk to the market in 1996. Ambewela Farm and New Zealand farm were acquired by Lanka Milk Foods in 2001. In 2020, the company planned to invest LKR3 billion in a new dairy farm in Ambewela to expand production. Lanka Milk Foods is one of the LMD 100 companies in Sri Lanka. Lakspray, a Lanka Milk Foods brand listed among the 100 most valuable brands in Sri Lanka in 2020. Lanka Milk Foods stand to benefit from consumers switching from milk powder to fresh milk.