Company Watch

Dilmah CEO aims to grow $680 million tea business by 50% over next 5 years

Dilmah CEO Dilhan Fernando said the company meticulously mapped out major trends they anticipated would emerge. PHOTO: DILMAH TEA
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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.

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