SINGAPORE - World-renowned tea producer Dilmah is looking to expand its business by 50 per cent in the next five years, as it invests in new innovations and technologies while developing new luxury product revenue streams, said chief executive Dilhan Fernando.
The 53-year-old said Dilmah, one of Sri Lanka's biggest companies, is currently valued at about US$500 million (S$680 million). It was founded in 1988 by his father, Mr Merrill Fernando, who is in his 90s.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
