# 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.

- Type: New facility
- Announced: 2021-10-13
- Where: Sri Lanka
- Value: $15.0M (3.00B LKR)
- Status: announced
- Capacity: 4,000 tons/month by 2025 (from 2,750 tons)
- Products: corrugated cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ex-pack Corrugated Cartons](https://endata.com/companies/8494.md)
- [Aberdeen Holdings](https://endata.com/companies/8495.md) (partner)

## Sources

- [ft.lk](https://www.ft.lk/front-page/Corrugated-leader-Ex-pack-confident-of-success-of-Rs-700-m-IPO-to-part-finance-50-capacity-boost/44-724318), 2021-10-13: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.