SRI LANKA: Drinks firms form Sri Lanka's first industry association
The Beverage Association of Sri Lanka is the country's first lobby group for drinks
Leading drinks companies in Sri Lanka have teamed up to form the country's first industry association.
The Beverage Association of Sri Lanka, launched earlier this month, hopes to raise the profile of a sector that has been a key contributor to Sri Lanka's economy, the association said. Members include Elephant House owner Ceylon Cold Stores, Coca-Cola Beverages Sri Lanka and Varun Beverages Lanka, which distributes PepsiCo products in the country.
Jit Gunaratne, chairman of the new association, said: “It is heartening to see all the beverage firms forge a common bond and unite to form the association, which will strengthen the voice of the sector and accord the sector its due status."
Gunaratne said the industry provides direct employment to about 1,500 people and indirect employment to another 3,000.
“The beverage sector is a valuable employment generator, heavy investor in technology and retail network development, and an environmentally conscious entity,” he added.
“We are confident that the formation of this body will provide a strong platform for the industry and its players who remain closely engaged with all stakeholders.”
The boss of Dr Pepper Snapple Group has said he will not let "threats" to the industry over obesity concerns affect the group's volumes. ...
- The End of the Road for International Beer Brands?
- Comment - Another One Bites Bacardi's Dust
- Allegro: The shape of things to come at Pernod?
- Pernod Ricard's FY Performance by Region, Brand
- US craft vodka puts squeeze on Pernod's Absolut
- Mast-Jägermeister targets UK off-trade boost
- Pernod bemoans tough FY as sales, profits drop
- ASA bans Jägermeister TV ad
- Bacardi announces CFO switch
- SABMiller exec to become CFO at Beam Suntory