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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.
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.
