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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Demise of Mr.K Aloysius.

Demise of Mr.K Aloysius.

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1Demise of Mr.K Aloysius. Empty Demise of Mr.K Aloysius. Thu Sep 05, 2013 8:04 pm

funland


Equity Analytic
Equity Analytic
As per the below link, chairman of F L C Hydro Power PLC has expired.

http://cse.lk/cmt/upload_cse_announcements/4191378377605_.pdf

May his soul rest in peace

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
WRITTEN BY BUSINESS EDITOR

Sep 06, 2013 (LBT) - In a filing to Colombo Bourse on 5th September, Free Lanka Capital Holdings (FLCH) said that the group's Chairman Kattar Aloysius passed away on 5th Morning (Yesterday).

Kattar Aloysius was a pioneer in Sri Lanka's Dry Fish Trade and said to be the largest Dry Fish exporter in the country according to analysts.

Kattar Aloysius was the driving force of FLCH group when he began work carrying on the business his late father T.P.S Kattar left behind in 1945. Kattar Aloysius in his late teens then formed Free Lanka Dry Fish Stores in the 1950’s and consequent to the nationalization of the Dry Fish Trade successfully secured a Marketing Department Contract for the supply of Dry Fish.

Shortly after, Aloysius was joined by his younger brother Justin who became a member in the family business. Moving away from the Dry Fish Trade, Free Lanka Trading Company was formed in 1960 and began the active import & export business of commodities and indenting of machinery from Eastern European countries. This enabled Free Lanka to establish itself as a sound business enterprise in its own right and was able to construct its first office building at 160/162 Reclamation Road in 1963.

The Company was finally incorporated as a Limited Liability concern in 1970. Due to the volatile political environment which significantly effected business, Free Lanka began representing prestigious world renowned brands such as Magna Welding Rods, Konica X-Ray Films, ZRC, WD 40 and others in the Industrial Products sector and moved on to the Alcoholic Beverage sector by holding the agencies of Camus Cognac, Dewars White Label Scotch Whiskey, among others from the late 70’s.

Aloysius's business career spans over 60 years and continued to contribute in an executive capacity towards various Subsidiaries of the Group. Apart from F L C Holdings PLC, he was also the Chairman of Pussellawa Plantations Ltd., Maturata Plantations Ltd., Free Lanka Management Co. (Pvt) Ltd., Free Lanka Plantations Co. (Pvt) Ltd., F L C Hydro Power PLC, Thebuwana Hydro Power (Pvt) Ltd., Stellenberg Hydro Power (Pvt) Ltd. and F LC Properties (Pvt) Ltd.
He is the immediate past Chairman of Ceylon Oxygen PLC before the divesture of Norsk Hydro and is a Board Director of Ceylon Agro Industries, a subsidiary Company of Prima Singapore. Kattar Aloysius's interest to develop the Mini Hydro Power potential in the plantation sector began shortly after the Group succeeded in getting the managing rights for Pussellawa Plantations Ltd. in 1992. He is also partly responsible for making F L C Hydro Power PLC, one of the few Mini Hydro Companies to be accredited for Carbon Credits (CDM) under the UNFCCC Scheme. (By Jithendra Antonio)
http://lbt.lk/views-and-opinions/expert-advice/5429-sri-lanka-veteran-dry-fish-exporterflch-founder-chairman-kattar-aloysius-passes-away-

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