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Major Strike at Ceylon Cold Stores Ltd in 1988 & Take-over by the Government

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  Ceylon Cold Stores Ltd., better known as Elephant House, is a company established during British times, in the year 1866   by    a German Engineer, Arthur Von Possner & was then known as the Colombo Ice Company. In 1883 it introduced aerated water under the 'Elephant' trademark. It was in 1941 that its name changed to Ceylon Cold Stores Ltd. By then, the company was dealing with dry ice, aerated water, frozen products, milk, ice cream etc. In the 60s & 70s Elephant House vans delivering milk to households in Colombo in the mornings was a familiar sight. In 1970 the company was listed in the Colombo Stock Exchange. Local products held sway in the 70s & the company prospered, but in the 80s it was faced with stiff competition from imported products & entry of multi-nationals into the country. The company geared itself to meet these challenges. One significant advantage the company had was the presence of a large number of employees who had s...