CIC Holdings

The company shifted its business model by moving into agribusiness away from Dulux paints and fertilizer.

The company signed an agreement with the Sri Lanka Institute of Nanotechnology to develop a new herbicide formulation.

The initiative is one of the first attempts to synthesize and formulate a herbicide locally in Sri Lanka.

[6] In November 2015, the company sold its subsidiary, Chemifix, a PVAc adhesive business to Pidilite Industries.

[9] The company recorded strong revenue growth for the quarter ended in September 2021.