LAUGFS Holdings celebrates 25 years

LAUGFS Holdings Limited, one of Sri Lanka’s largest diversified business conglomerates, celebrates 25 years in business. Its inception was Gas Auto Lanka, a revolutionary business that introduced LPG as an alternate fuel for motor vehicles. Propelled by this entrepreneurial spirit LAUGFS went on to become trailblazers in many industries in Sri Lanka. Currently the Group is present in 20 industries and have expanded beyond Sri Lankan borders. Its annual revenue exceeds USD 300 million and is backed by an employee carder of 3500.

Speaking on the monumental occasion, Mr. W. K. H. Wegapitiya, Group Chairman of LAUGFS Holdings Limited, said, “25 years ago, we began our journey to draw out the infinite potential of our nation and its people. Though we had humble beginnings, we were filled with the determination to achieve greatness. 25 years later, we have touched the lives of millions of Sri Lankans and are a leading name across the industries in which we operate; moreover we have achieved an international presence for the ‘LAUGFS’ brand. We are proud to celebrate 25 years of our LAUGFS family along with our loyal customers and business partners who have supported us on this journey.”

Though the origins of LAUGFS was Gas Auto Lanka established in 1995; in its 25 year journey, it evolved and diversified to progress from local to global. In the year 2000, LAUGFS opened the first 24-hour supermarket in Sri Lanka, in 2001, LAUGFS Gas initiated operations, signalling the beginning of rapid growth for LAUGFS across an industry that was formerly a monopoly. With its strategic vision to become a dominant player in the LPG industry LAUGFS set on to create an overarching LPG supply chain; from trading to shipment, storage and transport. In line with this vision the group acquired 3 seafaring vessels; Gas Challenger, Gas Success and Gas Courage which are used in the transportation of LPG. Moreover LAUGFS owns the largest LPG Transhipment Terminal in South Asia, located within the Hambantota Port and operated under LAUGFS Terminals.