State Trading Corporation
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Overview
The State Trading Corporation (STC) in Sri Lanka is a government-owned entity under the Ministry of Trade, established to stabilize essential commodity prices, act as a government trading arm, and supply diverse products to public and private sectors, including hardware, electronics, IT, stationery, agriculture, and household items, aiming to boost national economic growth. It functions as a conglomerate, importing and distributing various goods, and also plays a role in exporting Sri Lankan products like spices, supporting farmers.
Founded Year
1971
Ownership Type
Government-Owned / State-Owned Enterprise
Business Model
B2C (Business to Consumer)
Time Zone
+5.30
Mission
To supply essential products and services, primarily to the state sector, to enhance operational efficiency. To maintain stakeholder interests. To support Sri Lanka in becoming the commercial hub of Asia.
Vision
To be the National Business Leader.
Core Values
Stakeholder Focus: Serving the nation, employees, and customers. National Development: Contributing to Sri Lanka's economic competitiveness. Ethical Practices: Good corporate governance and socially responsible business. Operational Excellence: Delivering quality products and fostering career development.
Company Tagline
Serve the customer, serve the nation" (reflects the founding ambition).
Head Office Country
Sri Lanka
