Swisstek (Ceylon) PLC is a tile grout and tile mortar manufacturing company in Sri Lanka. The company was established in 1967 as Parquet (Ceylon) Ltd to manufacture parquetry. Parquet (Ceylon) signed an agreement with Switzerland-based Bauwerk AG for technology collaboration and started supplying for the domestic and foreign markets under the brand name "Swissparkett". The company was listed on the Colombo Stock Exchange in 1983. Parquet (Ceylon) switched its core business by switching to manufacturing tile grout and mortar in 2009. In 2011, the company was renamed Swisstek (Ceylon) and in 2013, became a part of the Vallibel One Group. Swisstek is one of the LMD 100 companies in Sri Lanka.
History
The company was founded in 1967 as Parquet (Ceylon) Ltd to manufacture parquetry. Singha Weerasekera, the then-chairman of Don Carolis and Sons, was the founding chairman of Parquet (Ceylon).[2] Parquet (Ceylon) entered into a technology collaboration with Switzerland-based Bauwerk AG and supplied the domestic market under the brand name "Swissparkett".[3] The company expanded its business to foreign markets in 1972. The company was listed on the Colombo Stock Exchange in 1983. Parquet (Ceylon) became a part of Lanka Walltiles Group in 2003.[4]