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Concept
Aitken Spence
Summary
Aitken Spence PLC (එයිට්කින් ස්පෙන්ස්; எய்ட்கின் ஸ்பென்ஸ்) is a Sri Lankan blue chip conglomerate with operations in South Asia, Middle East, Africa and Pacific. Listed on the Colombo Stock Exchange since 1983, it has major interests in hotels, travel, maritime services and logistics. The group also has a significant presence in printing, plantation, power generation, financial services, IT, Business Process Outsourcing/Knowledge Process Outsourcing sector, elevator agency services, garments, and property development.
Aitken Spence has been recognised by Forbes as one of the most successful publicly traded companies with annual sales under US$1 billion outside of United States, for three consecutive years. In 2017, 2018 and 2019, Aitken Spence was adjudged the top winner of the Best Corporate Citizen Sustainability Award presented by the Ceylon Chamber of Commerce. The company is one of the first signatories to the UN's Global Compact in Sri Lanka.
Whilst the roots of Aitken Spence can be dated back to Wilson & Archer Partnership of the 1830s in the early British Colonial Ceylon, the company began to take its current form after the signing of a formal partnership agreement between Thomas Clark and Patrick Gordon Spence—Scottish merchants and shipping agents in Galle—on 1 September 1868, wherein Clark Spence & Co. was established. Clark Spence & Co.'s trading segment at this stage included exports of natural vein graphite (plumbago), gems, hides, Sappan wood, ebony, coffee, coconut oil, coir yarn, bristle fibre, arrack, and citronella oil to United Kingdom, Continental Europe, United States of America and Australia; and imports of Burmese rice and coal for steamer ship bunkers.
On 5 April 1871, Patrick Gordon Spence, secured Clark Spence & Co. as the sole agent of Lloyd's of London in Ceylon. In order to service the Agency for the Lloyd's of London for the Port of Colombo, Clark Spence & Co. partnered with Britton, Aitken & Co. to open a branch office in Colombo. On New Year's Day, 1873, E.C.
Official source
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