Finlays Colombo Limited has entered into a joint venture agreement with two wholly owned subsidiaries of the John Keells Group for the development of its land at 186, Vauxhall Street. Commencement of the joint venture is subject to satisfaction of conditions precedent (including approvals from or filings with relevant authorities). “We are ready to form […]
Finlays has recently set up ‘Project Maotai’ to develop a sustainable source of compliant, certified tea from China to meet the demands of Finlays international customers, as well as domestic demand from Damin in China. As a minimum it is expected that all tea for export will meet EU MRL (Minimum Residual Levels for Pesticides) and in […]
In May of this year a workshop was organised by Tea2030 (a global tea collaborative initiative overseen by Forum for the Future), S&D Coffee and Tea, Casa Fuentes and Finlays. Argentina is a key source of tea for the North American tea industry supplying approximately 50% of their requirements. Over 90% of the tea grown […]
Finlays has acquired a further 9.51% of the equity of Damin International Holdings Limited which brings its shareholding in Damin to 49.51%. Guy Chambers, Group Managing Director of Finlays, and Mr. Jiang Aiqing, Chairman of Damin, jointly said “The partnership between Finlays and Damin has deepened over the last five years. This change of shareholding reflects […]
American coffee culture has seen a major shift in recent years with today’s consumers having a better appreciation of coffee, resulting in a market that is now much more focused on quality and versatility. Coffee is no longer just a morning pick-me-up, but has become an indulgence or snack that can be consumed at any […]
The plantation industry in what was the Crown Colony of Ceylon dates back to the 1830s. Among the cash crops tried out, coffee was an instant success. A few lone voices such as George Thwaites, the Director of the Royal Botanical Garden at Peradeniya, suggested the growing of tea but no one seemed to be interested. Why […]
Finlays Extracts & Ingredients USA Inc. is investing $17 million to develop a new facility intended to expand production capacity and product innovation capabilities to meet the ever-increasing demand for tea and coffee ingredients and solutions. As part of Finlays’ global strategy to be the preferred partner and source of tea and coffee products for […]
If there has been one constant during the 250 years that Finlays has been in existence, it is the characteristic of our culture that probably best defines Finlays approach to business and is a major contributor to our long term sustainability as a company.
In many ways tea is and can be seen as a ‘hero’ crop. Yet as an industry we can often devalue tea, using lower qualities, focusing on packaging and reacting to social issues.
The last few years have seen a shift in the mature western tea markets away from mainstream black tea bags to more exciting and varied speciality teas and herbal infusions.
Damin is the world’s largest manufacturer of tea extract with a majority market share in China and a growing global sales partnership with Finlays.
Casa Fuentes is the largest tea estate company in Argentina with an annual production capacity of twenty-seven million kgs of Black Tea per annum, based in the Province of Misiones.