Tess Agro PLC launched Agro Tin Tech, a can manufacturing plant at its factory in Kelaniya with capacity of 80,000 cans per day. The initial machinery and equipment investment is Rs. 79.2 million.
Ex-pack Corrugated Cartons downsized its plan for a large corrugated plant after construction costs rose over 40 percent. It bought a land block in Sapugaskanda for Rs.240.62 million and will build a 150,000 sq ft plant there, 2.3 km from its current factory.
Lankem Ceylon PLC and related parties raised their stake in ACME Printing & Packaging PLC from 33.43% to 88.27% after a mandatory offer at Rs.12 per share closed on 24 November 2021, making Lankem the controlling shareholder.
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.
Sri Lanka's Board of Investment signed an agreement with Japanese firm Sugano Packing Materials to set up a plant in Ja-Ela making flexible packaging, mainly flat-bottomed bags for the tea industry. A large pouching machine will be brought to Sri Lanka.
Sri Lanka's Board of Investment signed an agreement with Sugano Colombo Pvt Ltd, a Japanese-linked firm, to set up a flexible packaging plant in Ja-Ela producing mainly flat-bottomed bags for the tea industry. The agreement was signed on 9 September 2019.