CFT sets up energy division

Monday, 29 November 2010 00:01 - - {{hitsCtrl.values.hits}}

Ceylon and Foreign Trades Plc has recently established an energy division to build on its existing trading operations and take advantage of emerging opportunities in the energy sector.

The latest move is part of strategic diversification by CFT. One of the oldest trading companies in Sri Lanka, CFT was established in 1949 and became a publicly quoted company in 1978.

Located in the heart of Colombo’s commercial hub, CFT has been trading for over 50 years and exports to customers in Asia, Australia, Europe, the Middle East, South and Central America, Russia and the United States. In addition to supplying its established clients, CFT’s goal is to enter niche markets, build a reputation for offering distinctive value added products and boost exports of its unique, high quality spices and desiccated coconut. Alongside its traditional commodity trading business CFT has diversified its operations into several sectors.

CFT has controlling interest in CFT Consumer, a FMCG import and distribution company. CFT Consumer is the sole agent for ARS brand pest control products, Parachute the world’s largest packaged coconut oil, Aquawipe a high quality wet wipe Range and saffola cooking oil which is well known to reduce cholesterol levels.

CFT Consulting provides a wide range of consultancy services for foreign investors in Sri Lanka, offering a one stop shop to help its clients effectively and efficiently do business in Sri Lanka. CFT Consulting provides a wide range of consultancy services for foreign investors in Sri Lanka, offering a one stop shop to help its clients effectively and efficiently do business in Sri Lanka.

CFT is also a substantial shareholder of Onally Holdings Limited, another publicly quoted company with substantial real estate interests in Sri Lanka.