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Udupussellawa & Hapugastenne Plantations Appoint New Members to Board

26 Apr 2022

Udupussellawa & Hapugastenne Plantations Appoint New Members to Board

Udupussellawa Plantations PLC and Hapugastenne Plantations PLC, which are operated under Browns Plantations, have appointed four new Non-Executive Directors to its boards effective March 30, 2022; Dr. Pradeep Uluwaduge, Mr Kamantha Amarasekara, Ms Sunjeevani Kotakadeniya and Mr T. Dharmarajah.

Mr Anusha Suhanda Perera, who currently serves on the boards of the aforementioned companies as an Independent Non-Executive Director, has been appointed Executive Director of both plantations. Dr. Pradeep Uluwaduge took over as Chairman of both Udupussellawa Plantations PLC and Hapugastenne Plantations PLC as the successor of Mr Anusha Suhanda Perera. Mr G.D.V. Perera who is a veteran planter and the former Chairman of the Planters’ Association has also joined Browns Plantations as a Senior Consultant effective April 01, 2022.

With the acquisition of Udupussellawa and Hapugastenne plantations, Browns Plantations has grown to be recognised as one of the largest plantation companies in Sri Lanka. Browns Plantations prides itself in being a key supplier to the Colombo Tea Auction, which is the oldest uninterrupted one in the world. The Company with its emphasis on exceptional quality has set new standards in offering ‘a good cup of tea.’ For over 150 years, the tea industry led by resilient planters, spearheaded Sri Lanka's economy and continues to play a significant role in the country's development, and Browns Plantations is delighted to be a part of this journey of national importance.

From January to December 2021, Browns Plantations has produced and sold over 12,321,994kg of tea as the largest tea producer in Sri Lanka with a total market share of 15% among the Regional Plantation Companies (RPC), which makes us the number one producer of Ceylon tea in Sri Lanka.

Commenting on the appointments, Dr. Pradeep Uluwaduge stated, “LOLC Group ventured into the plantation sector a decade ago as a result of its business diversification strategy. We recently acquired Udupussellawa Plantations PLC and Hapugastenne Plantations PLC, which were under the wing of Finlays. We are optimistic about the enormous potential of these estates and will focus on the merits of the industry, which sustained the country for decades and will continue to support the economy in the future. We are certain that we can turn these two plantations around to be the most profitable plantation business in the country while ensuring sustainability at every stage of our operations.”

Udupussellawa Plantations owns 11 thriving estates, including Alnwick, Blairlomond, Delmar, Gordon, Waldemar, Concordia, Court Lodge, Park, Duckwari, Madulkelle, and Yatawatte. While Udupussellawa Plantations is more focused on growing exceptional quality Ceylon Tea, the portfolio boasts a wide range of crops such as Rubber, Coconut, Coffee, Cocoa, Pepper, and Cardamom. 19 Reputed estates come under Hapugastenne Plantations; Alupola, Galabode, Hapugastenne Tea, Hapugastenne Rubber, Depedene, Hatherliegh, Madampe, Springwood, Adawatte, Dammeria A, Dammeria B, Hopton, Shawlands, Bibile, Demodera, Nahaville, Oodoowerre, Rookatenne, and Newburgh. Furthermore, the portfolio of Hapugastenne Plantations includes Tea, Rubber, Timber and other commercial crops. Hapugastenne and Udupussellawa Plantations comprise of 30 tea farms and 20 processing centres which sit within six of the seven agro-climatic regions of Sri Lanka.

Browns Plantations, which falls under Browns Investments PLC, owns and manages Maturata Plantations PLC as well. Maturata Plantations comprises of 11 Tea estates in the Nuwara Eliya District and another 08 estates in the Matara District with Tea, Cinnamon and Rubber.

Browns Investments is a subsidiary of Brown & Company PLC, under which all Non-Financial sectors of the Group are clustered.