Our Story
Search any household in Sri Lanka, from the highest to the most humble, and your chances of not finding at least one product manufactured or sold by Richard Pieris & Company PLC are slim indeed.
A household name
From food products, medicines and general plastic and rubber household goods to foam mattresses and furniture, Sri Lanka's consumers turn to us for an almost incredible variety of products. In the process, they have turned the name of our Company and the Arpico brand into household words across the country.
Today, Richard Pieris & Company PLC can justifiably claim a place in the front rank of the country's diversified business conglomerates. Our diversified manufacturing operations in rubber and plastic products, combined with our investments in Sri Lanka's largest retail super centres and in the management of the plantations, make our shares a secure and dependable long-term investment.
We look forward to a bright future and enhanced shareholder returns by concentrating on the core business operations that we now dominate.
Milestones
1932
Founding partners begin as commission agents, general import and export merchants and dealers in estate supplies — creating new dimensions for a Ceylonese mercantile community.
1939
The Company's first business venture is a filling station. Turnover grows by more than 500 percent within seven years.
1940
The business is converted into a limited-liability company with the founding partners as Directors. Issued share capital of Rs. 50,000 — substantial for its day — supports a staff of 70.
1940s
During wartime tyre shortages, the Company launches a tyre-rebuilding business. The Arpico and Arpidag brands go on to lead the domestic rebuild tyre market.
1951
The Company is publicly listed on the Colombo Stock Exchange, cementing its place in Sri Lanka's emerging industrial landscape.
1970s
The Company aggressively expands its agricultural footprint by entering and expanding its plantation operations across rubber, tea, and coconut cultivation.
1983
Establishment of Richard Pieris Exports PLC, significantly enhancing capability to manufacture and export value-added rubber products globally.
2002
Pioneered the modern hypermarket concept in Sri Lanka with the major expansion and launch of the Arpico Supercenter chain.
Today
Manufacturing in rubber and plastic, Sri Lanka's largest retail super centres, plantation management and financial services together make Richard Pieris & Company PLC a stable, dependable long-term investment.
