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Ceylon Glass Company Ltd (CGC) is a successful venture of Piramal Enterprise Ltd of Mumbai India, in Glass Container for Packaging. It was acquired by Gujarat Glass Pvt Ltd (part of Piramal Enterprises Limited) in the year 1999-2000. Gujarat Glass Pvt Ltd (GGPL) currently holds 54% of the equity of Ceylon Glass Company Ltd. |
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CGC was incorporated on May 17,1955. It was setup by a consortium comprising on Government of Sri Lanka, Mitsui of Japan and DFCC. It is located at Ratmalana which is 17 Km South of Colombo. |
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Its present glass manufacturing facility is located at Ratmalana – 17 KM South of Colombo and other ancillary unit is based at Nattandiya- 55 KM North of Colombo. |
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Since GGL acquisition, CGC has grown with a CAGR of 20%. The turnover for the year 2005-06 was 1.60 billion. The company has been strategically focusing on diversified market of Sri Lanka and also strategically ventured into international business of colored glass containers. |
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CGC was listed on Colombo Stock exchange in 1994. |
