The State Trading Corporation is now reporting a whopping sales figure of Rs 3000 Million.

“Despite stiff competition from private sector giants in the market, STC has increased its revenues five times over the last five years” said the Minister of Industry and Commerce Rishad Bathiudeen on 01 August in Colombo.

Minister Bathiudeen was addressing the glittering launch event of Bio Car Vita Coolant in Colombo on 1 August. Made by Korea’s SG Group, the proven Bio Car Vita controls fuel temperatures at a constant level while increasing car fuel efficiency up to 30% level -and  State Trading Corporation (STC) functioning under Minister Bathiudeen has, in addition to introducing the nano tech powered coolant to the country, also successfully clinched the Car Vita dealership for Sri Lanka’s state sector.

“Despite stiff competition from private sector giants in the market, STC has increased its revenues five times over the last five years. The STC Equity also increased from Rs 100 Mn to 700 Mn over the years. Focus has been drawn on adding new product lines to existing product portfolio and total number of STC product portfolio has now exceeded 5000. STC’s sales for the year ended March 2016 recorded a huge Rs 3000 Million.

 The “Bio Car Vita” radiator coolant is the latest addition in the product expansion efforts by STC. Such expansion efforts are in line with STC’s business vision of becoming the “National Business Leader” in Sri Lanka’s diversified goods and services supply chain, by representing reputed and trusted brands to fulfil the needs of our state sector institutions” said Minister Bathiudeen addressing Car Vita’s glittering launch of 01 August at BMICH.. According to the manufacturer, this coolant can save fuel up to 30 percent.