BPPL Holdings

Eco-Spindles (Pvt.) Ltd has commenced Phase 2 of its expansion strategy, adding 20,000 sq.ft of production space at its facility in Horana, Sri Lanka, to double polyester yarn production capacity by 2022.

BPPL Holdings plans to spend up to 1.5 billion rupees ($21.3 million) on a second state-of-the-art yarn-production plant on the same premises in Horana Export Processing Zone.

BPPL Holdings, through subsidiary Eco-Spindles Ltd., inaugurated a polyester yarn production facility in Horana BOI Zone, Sri Lanka, with a capacity of 960 tons per year, using recycled PET flakes. Investment was about Rs. 400 million.