Type Public Headquarters Colombo, Sri Lanka | Traded as CSE: RICH.N0000 Founded 1932 | |
 | ||
Industry Manufacturing
Engineering
Rubber
Plantations
Retail and Tyre
Pumps
Construction Key people Dr.Sena Yaddehige
Prof. Susantha Pathirana
Prof. Lakshman Watawala
Mr. Paul Ratnayaka
Mr.Sunil Liyanage Revenue 34.7 billion Sri Lankan rupee (2013) Number of employees over 24,000 (including Plantations) Subsidiaries Maskeliya Tea Gardens Ceylon (private) Limited | ||
Richard pieris company plc
Richard Pieris & Company PLC (ARPICO) established in 1940 it is one of Sri Lanka's largest conglomerates with interests in manufacturing, engineering, retail and plantation industries. It is a pioneer in the tyre, plantation and rubber industries of Sri Lanka. With a staff strength of more than 25,000 the company's major brands includes Arpitec,Arpidag and Arpico.
Contents
History
The company was founded in 1940 as a partnership initially dealing with the plantation and tire industries. Since then it has diversified into the areas of manufacturing, pumps, retail and engineering sectors. The company also pioneered the concept of hypermarkets in Sri Lanka through their 'Arpico Super Centre' chain. Today the company has more than 1000 retail outlets including dealerships and factories island wide.
Rubber
The company is engaged in the manufacture of moulded, extruded and foam rubber both for the export and domestic markets. Major markets include North America, Europe and the Middle East. The division conforms to ISO 9002 standards.
Tires
Richard Piries Company is the market leader and the pioneer in the tyre Retread industry of Sri Lanka and commands a market share of nearly 60%. In addition to that it has become the largest Retreader in the whole of South Asia which is a remarkable achievement for a Sri Lankan company. The company is associated with Bandag Corporation – USA and Birla Group India.
Plantations
The group is one of the largest players in the plantation industry with ownership of major plantation companies including Maskeliya Plantations PLC, Namunukula Plantations PLC and Kegalle Plantations PLC. The sector employees more than 24,000 people combined.
Retail
With its retail arm ‘Arpico Supercentre’ the company is the largest retailer of general household products in Sri Lanka. The company pioneered the concept of Hypermarkets in Sri Lanka.
Board of Directors
The board is composed of distinguished professionals in their respective fields.