View source for Ceylon Tobacco Company PLC (CTC)

[[Image:CTC.jpg|400px|thumb|right| Ceylon Tobacco Company (CTC) Home Page as of 2017 July]]
==Background==
[http://www.ceylontobaccocompany.com/ Ceylon Tobacco Company PLC (CTC)] holds the monopoly of cigarette manufacturing and sales in Sri Lanka. It is a subsidiary of [[British American Tobacco (BAT)]], which owned 84.13% of the shares in 2017.<ref name = Annual2016> Ceylon Tobacco Company PLC. [http://www.ceylontobaccocompany.com/group/sites/sri_9pmjn9.nsf/vwPagesWebLive/DO9PMKN2/$FILE/medMDAKWEUJ.pdf?openelement Annual Report 2016], 2017, accessed May 2017</ref> Even though BAT started its operations in Sri Lanka in 1904-1911 period, CTC was only established as a company in 1932.<ref> British American Tobacco Website. [https://web.archive.org/web/20170607165128/http://www.bat.com/history Our history – a timeline], 2017, accessed May 2017</ref><ref name = CSE> Colombo Stock Exchange. [https://www.cse.lk/home/company-info/CTC.N0000/company-profile Ceylon Tobacco Company PLC (CTC.N0000)], 2017, accessed May 2017</ref>  

CTC is engaged in the complete manufacturing process of cigarettes in Sri Lanka, from tobacco cultivation to cigarette production.<ref name = Annual2016/>  CTC owns 99% of the market with the remaining 1% comprising of imported cigarettes.<ref name = EconomicsofTobaccoControl> N.Arunathilake, M.Opatha, [https://openknowledge.worldbank.org/handle/10986/13626 The Economics of Tobacco in Sri Lanka.], ''Economics of Tobacco Control'' Paper No. 12, Tobacco Free Initiative, World Health Organization, 2003, accessed November 2016</ref> Almost 100% of the tobacco used for cigarette manufacturing in Sri Lanka is cultivated in the country, which accounted for approximately 3000 tons of tobacco in 2014.<ref>Sri Lanka Excise Department, [http://www.excise.gov.lk/web/images/stories/downloads/annualreports/EXCISE%20DIPARTMENT%20PERFORMANCE%20REPORT%202014.pdf Sri Lanka Excise Department Performance Report 2014], Colombo: Sri Lanka Excise Department, 2015, accessed November 2016 </ref> CTC  also exports its manufactured cigarettes, which contributes approximately 1% to its overall annual revenue. Headquartered in Colombo, CTC operates via two factories; the Colombo Factory and the Green Leaf Threshing Plant in Kandy.<ref name = Annual2016/>   

The CTC cigarette brands include John Player Gold Leaf (JPGL), Dunhill, Benson & Hedges and Capstan.<ref name = Annual2016/> 

==Directors & Employees: Past and Present==
CTC is managed by a Board of Directors and an Executive Committee. In 2016, Board of Directors, headed by the Chairman, consisted of six Directors, of which 4 were Non-Executive Directors. The Executive Committee headed by the Chief Executive Officer also had seven members. [[Susantha Ratnayake]] was appointed the Chairman of CTC in 2013 and [[Michael Koest]] as the Chief Executive Officer/Managing Director in 2016.<ref name = Annual2016/> A complete list of CTC's Board of Directors and the Executive Committee members can be found on the [http://www.ceylontobaccocompany.com/group/sites/SRI_9PMJN9.nsf/vwPagesWebLive/DO9PMKJD?opendocument CTC website]. 

In 2016, the number of permanent employees of CTC was 273, with an employee turnover rate of 7.3%.  The reported revenue per employee was LKR Million 445 whereas the reported profit per employee was LKR Million 46.<ref name = Annual2016/>

Details on past or present CTC employees and Directors listed below can be found in the respective TobaccoUnmasked pages:

[[Emma Ridley]] | [[Dinesh Weerakkody]] | [[Denis Perera]] | [[Ken Balendra]] | [[Lakmali Nanayakkara]] | [[Michael Koest]] | [[Ramesh Nanayakkara]] | [[Rukshan Gunatilaka]] | [[Stanley Wanigasekara]] | [[Susantha Ratnayake]] 

==Subsidiaries==
Up to 2017, CTC owned the following subsidiaries: 
*[[Advent International]] 
*CTC Briquettes Limited 
*[[CTC Eagle]] 
*CTC Exports Limited 
*CTC Foliage Limited 
*CTC Leaf Exports Limited 
*[[Outreach Projects (Guarantee) Limited]] 
*CTC Services Limited

==Investors== 
As in 31st December 2016, the number of shareholders of the CTC were 3431. It was a reduction by 185 from the number in 2015. Following were the 20 largest shareholders (in the descending order):<ref name = Annual2016/>

British American Tobacco Holdings (Sri Lanka) BV | FTR Holdings SA | Pershing LLL SA Averbach Grauson & Co. | HSBC INTL NOM LTD - SSBT-BMO Investments 11 (Ireland) | HSBC INTL NOM LTD-State Street London | Northern Trust Company S/A - Coupland Cardiff Funds PLC | RBC Investor Services Bank-COELI SICAV | HSBC INTL NOM LTD-JPMCB-Long Term Economic Investment Fund | Jasbinderjit Kaur Piara Singh | Neesha Harnam | Harnam Holdings SDN BHD | HSBC INTL NOM LTD-SSBT Frank Russel Trust Company | HSBC INTL NOM Ltd - SSBT-Deutsche Bank | Bank of Ceylon | Bank of Ceylon No 1 Account | HSBC INTL NOM - UBS AG Zurich | HSBC INTL NOM LTD-JPMCB-New Emeging Markets | HSBC INTL NOM Ltd - UBS AG – Singapore | HSBC INTL NOM LTD-SSBT Multipartner SICAV-WMP | HSBC INTL NOM Ltd-Parametric Emerging Markets | HSBC INTL NOM LTD-BMO LGM Frontier Markets Equity Fund

They collectively owned 94.71% of shares. Except for Bank of Ceylon, all the others were foreign investors.<ref name = Annual2016/> 

==Affiliations==
Individuals and institutions with affiliations to CTC are detailed in the pages in following categories: 
*[[:Category:Commissioned or Sponsored | Commissioned or Sponsored]] – Individuals or institutions commissioned or sponsored by CTC
*[[:Category:Consultants | Consultants]] – Individuals or institutions with a history of provision of consultancy services to CTC
*[[:Category:Indirect Links | Indirect Links]] – Individuals or institutions sponsored or commissioned by institutions directly linked to CTC 
*[[:Category:Institutions with Mutual Associates | Institutions with Mutual Associates]] - Institutions in which Directors/employees of CTC are Directors/employees/members 
*[[:Category:Institutions Governed by Tobacco Industry | Institutions Governed by Tobacco Industry]] – Institutions in which executive positions are assigned to CTC employees or directors as a representative of CTC

==Activities==
CTC’s activities in Sri Lanka are detailed in the pages in following catagories:
*[[:Category:Corporate Social Investments | Corporate Social Investments]] - activities themed as ‘Corporate Social Responsibility’ and sponsorships of social events/activities by the CTC or its employees (using the company name and/or the title) 
*[[:Category:Influencing Policy | Influencing Policy]] – attempts to influence policies and litigations against the government
*[[:Category:Marketing and Promotions | Marketing and Promotions]] - activities to promote products, brands or smoking habit, marketing strategies and activities to promote the image of the company
*[[:Category:Tobacco Cultivation | Tobacco Cultivation]] – influences and interventions on tobacco farming and famers
*[[:Category:Tobacco Tax and Pricing Related Issues | Tobacco Tax and Pricing Related Issues]] – responses to tobacco tax policies and increase of cigarette price
*[[:Category:Liasing with Government Officials | Liaising with Government Officials]] – collaborating with government officials to influence policies or implement CTC activities 
*[[:Category:Involvement in Illicit Tobacco Trade | Involvement in Illicit Tobacco Trade]] – influences and interventions related to tobacco smuggling  and illicit tobacco trade  
*[[:Category:Tobacco Industry Arguments | Tobacco Industry Arguments]] – arguments against tobacco control measures and the science behind them
*[[:Category:Tobacco Industry Responses | Tobacco Industry Responses]] – responses for accusations/queries from the authorities/scientists/public or for tobacco control policies/actions

==2018 Highlights==
===Community Protests at the AGM===
In 2018 April a protest was held in front of the CTC headquarters at the day of the Annual General Meeting (AGM), commemorating, with an all-faith service, the Sri Lankans who lost their lives due to cigarette smoking (Image 2). The protesters appealed to the investors to stop investing in a business that kills its consumers (Image 3).<ref name = ADIC> Alcohol and Drug Information Centre (ADIC) Sri Lanka. [https://www.facebook.com/adicsrilanka/ Facebook page], 2018, accessed June 2018</ref><ref name=Ada> Ada. සිගරට් භාවිතයෙන් මියගිය පුද්ගලයන් සිහිකරමින් මතක වස්ත්‍ර පූජාවක් සහ මහා පාංශුකූල පිංකමක්. 27 April 2018</ref> A similar protest was reported in 2016.<ref>SN Ganewaththa. [https://web.archive.org/web/20180618050834/http://www.divaina.com/2016/04/04/news19.html දුම් බී මියගිය අය සිහිකර මතක වස්ත්‍ර පූජා කර පාංශු කූලය දෙති], Divayina, 04 April 2016, accessed June 2018</ref>
[[Image:CTC_AGM.jpg|800px|centre|thumb| Image 02: A protest at the CTC headquarters in its AGM held on April 2018<ref name = ADIC/>]]
[[Image:CTC_AGM_news.png|800px|centre|thumb| Image 03: Ada newspaper reporting the protest<ref name=Ada/>]]
 
===CTC Punished for Delaying Court Procedures===
In June 2018, Supreme Court of Sri Lanka ordered CTC to pay a plaintiff, who had filed a case for damages against them, an amount of LKR 400,000 (USD 2,500) as legal costs for deliberately delaying the court case at a lower court for 12 years.<ref>Daily Mirror. [https://web.archive.org/web/20180618000206/http://www.dailymirror.lk/article/Delaying-trial-for-years-SC-orders-CTC-to-pay-widow-Rs-as-costs-151362.html Delaying trial for 12 years: SC orders CTC to pay widow Rs.400,000 as costs] 16th June 2018, accessed June 2018</ref> The court case in question was initiated by a widow of a smoker seeking compensation for the lung cancer related death of her husband.<ref> Supreme Court of Sri Lanka. [https://web.archive.org/web/20180618001300/http://www.supremecourt.lk/images/documents/sc_appeal_102_09.pdf S.C. Appeal 102/2009], 14th June 2018, accessed June 2018</ref><ref> S Samarasinghe. [https://web.archive.org/web/20180618014507/http://www.nation.lk/2008/11/02/news7.htm Tobacco faces smoking death case], Nation.lk, 2nd November 2008, accessed June 2018</ref> Please see our page [[Ceylon Tobacco Prosecuted for a Smoker’s Death]] for more details.

==Tobacco Unmasked Resources==
*[[British American Tobacco (BAT)]]
*[[Susantha Ratnayake]] 
*[[Michael Koest]]

==Relevant Link==
[http://www.ceylontobaccocompany.com/ Ceylon Tobacacco Company’s website]

==References==
<references/>

[[Category:Tobacco Companies]] 
[[Category:Tobacco Industry Directors and Employees]] 
[[Category:Commissioned or Sponsored]] 
[[Category:Consultants]] 
[[Category:Indirect Links]] 
[[Category:Institutions with Mutual Associates]] 
[[Category:Institutions Governed by Tobacco Industry]] 
[[Category:Tobacco Industry Investors]] 
[[Category:Corporate Social Investments]] 
[[Category:Influencing Policy]] 
[[Category:Marketing and Promotions]] 
[[Category:Tobacco Cultivation]] 
[[Category:Tobacco Tax and Pricing Related Issues]] 
[[Category:Liasing with Government Officials]] 
[[Category:Involvement in Illicit Tobacco Trade]] 
[[Category:Tobacco Industry Arguments]] 
[[Category:Tobacco Industry Responses]]