Ex-pack Corrugated Cartons to build Rs 3bn carton plant funded partly by IPO

Sri Lankan corrugated carton maker Ex-pack plans a Rs 3 billion new facility on a 10-acre site, raising its capacity to 4,000 tons per month by 2025 from 2,750 tons. Part of the cost is funded by a Rs 700 million IPO.

“Funds raised via the IPO will be used to finance a Rs. 3 billion expansion, which will see a 50% increase in its production capacity to 4,000 tons per month by 2025, from 2,750 tons at present.”ft.lk

• 1 source
• ft.lkCorrugated leader Ex-pack confident of success of Rs. 700 m IPO to part-finance 50% capacity boost | Daily FTOct 13, 2021

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