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pelawatte

Saudi Arabia

3.0

Colombo 03 Sri Lanka

256 inquiries

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Business Description

OLOMBO, Sri Lanka — In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community.

Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in the push to replace imported dairy with locally produced milk, saving the nation billions in foreign exchange. Milk powder production is expected to increase by 80% upon completion of the new Kurunegala processing facility, supporting local demand and opening up new export opportunities.

This landmark pension initiative will benefit over 30,000 registered dairy farmers working with Pelwatte. Designed to offer financial stability post-retirement, the scheme ensures these vital contributors to Sri Lanka’s food security can live out their later years with dignity and peace of mind. Additional benefits will support health, education, and safety for the farmers’ families setting a new standard for agricultural welfare in the region.

“This is a defining milestone not just for Pelwatte, but for the entire Sri Lankan dairy sector,” said Mr. Ariyaseela Wickramanayake, Chairman of Pelwatte Dairy. “It is our corporate responsibility to safeguard those who work tirelessly to feed the nation.”

Mr. Akmal Wickramanayake, Managing Director, added: “We see this as more than a welfare initiative. It’s an investment in rural development, sustainable agriculture, and national economic resilience.”

Pelwatte Dairy’s dedication to strengthening local dairy farming has already translated into tangible economic impact. Monthly payments to dairy farmers exceed LKR 2 billion, and the company has saved the nation over USD 400 million by reducing reliance on imported dairy products. The company’s growing range, including milk powder, butter, and ice cream, has not only secured local market share in the face of stiff multinational competition but also broken into export markets.

This new pension scheme cements Pelwatte Dairy’s place as a pioneering force in agribusiness innovation, combining economic foresight with deep social responsibility.

Business Details

Country:

Saudi Arabia

Business Types:

Food manufacturing

Main Markets:

Saudi Arabia

Main Products:

Agriculture, Food & Beverage

Year Established:

2019

This supplier is based in Sri Lanka but targets Saudi Arabia, which means they likely serve the Gulf market from a cost-effective, lower-labor-cost region. Operating in food manufacturing allows them to process raw agricultural goods into ready-to-consume products, which is in demand in Saudi Arabia. The lack of a company website makes it harder for buyers to verify their operations or product details — a key risk when sourcing food products. Having a physical address in Colombo suggests they may have local logistics or regulatory access, but without a website, buyer due diligence is limited.

Trade Capabilities

Business Terms

Preferred Payment Term:

L/C

Preferred Trade Term:

FOB

Port Of Loading:

Colombo

Accepted Currency:

USD

Trade Ability

Annual Revenue Amount:

Annual revenue of USD 1M~5M

Numbers Of Employees:

51-100 employees

Certificates:

Test, FCM, Product test

Avg Response Time:

Using L/C terms gives you strong payment security, ensuring the supplier only ships after you pay. FOB at Colombo means you take responsibility for shipping costs once goods leave the port, which can save you money. Accepting USD makes international payments easier and reduces currency conversion risk. Most suppliers with 51-100 employees and annual revenue of $1-5M respond to inquiries in under 24 hours. This supplier takes an average of 100 hours to reply, which is much slower and may delay order decisions. Having FCM and Product test certifications shows they meet specific quality and safety standards, which is important for buyers in regulated markets. The presence of a 'Test' certificate adds some credibility, but its exact meaning is unclear without more detail. Buyers should verify the relevance of these certifications to their product needs before trusting the response time or quality claims.

Products / Services Offered

Most suppliers offer just one product type, but this one covers Agriculture, Food & Beverage — meaning they can supply raw materials, processed goods, or ready-to-eat items. This broad range gives buyers more flexibility in sourcing across the food chain. It also suggests they may handle multiple stages, from farming to packaging, which can reduce supply chain complexity.

Supplier Verified

Verify phone number

Verify account email

Most reliable suppliers verify their work email, phone, and documents to build trust. This one only has their account email and phone verified — no work email or documents confirmed. That makes it harder to verify their real business details or contact team. Buyers should ask for proof of documents and work email before placing large orders.

Export Countries

Saudi Arabia

Middle East

100%

This supplier targets a single market — Saudi Arabia — representing 100% of its market focus in the Middle East. With only one country and one region involved, the strategy offers deep market alignment and operational efficiency. However, this complete concentration exposes the business to significant risk if demand or regulatory conditions shift in Saudi Arabia.

Certificate

Test

FCM

Product test

FCM certification is required for food products to be sold in many international markets, especially in Europe and Asia. Having a product test and a general 'Test' certificate shows the supplier has done basic quality checks. Without clear details on which standards apply, buyers may not know if the product meets regional safety or import requirements.