Reply To:
Name - Reply Comment
Last Updated : 2024-04-24 13:34:00
Billionaire businessman Dhammika Perera-controlled Royal Ceramic Lanka (RCL) PLC is gearing to enter into biscuit and chocolate production through its non-operational subsidiary Rocell Ceramics Limited, which was recently renamed as Biscuits and Chocolate Company Limited.
According to a top RCL official, the group is yet to reach a concrete decision on this venture and it is still in the exploration phase. However, Rocell Ceramics Limited, a fully-owned subsidiary of RCL, has been renamed as Biscuits and Chocolate Company Limited, as the initial step for this potential venture.
Biscuits and Chocolate Company Limited, which is a non-quoted and non-operational entity of RCL, owns over 33-acre land in Homgama, which is known as In Kiriwattuduwa Estate.
The company in 2019 resecured the rights of the land, after averting the acquisition attempt by the Lands Ministry, subsequent to entering into an MoU with the Urban Development Authority (UDA). The land was valued at around Rs.400 million, as per the available information.
According to sources, the company is considering setting up a chocolate and biscuit manufacturing plant, with a cocoa plantation, targeting both local and export markets.
The company may also look to explore the possibility of partnering with some of the leading global industry brands.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul