Tue, 28 Mar 2023 Today's Paper

J.L.Morison to invest US $ 13.5mn in new pharma research, manufacturing plant

17 February 2017 10:11 am - 0     - {{hitsCtrl.values.hits}}


J.L. Morison Son & Jones (Ceylon) PLC, the pharmaceutical manufacturing and marketing arm of diversified Hemas group said, it is investing US $ .13.5 million or over Rs.2 billion in constructing a new pharmaceutical manufacturing plant.
The research and manufacturing facility will be located within the SLINTEC Nano Technology Park in Pitipana, Homagama.
The company said the proposed plant will significantly enhance the manufacturing capacity of the company while complying with global regulatory standards.

Commercial operations of the facility are expected to commence in 2019.
The company however did not mention how the funding will be raised for the facility’s construction.
For the nine months ended December 31, 2016, J.L. Morison made net profit of Rs.339 million against a net profit of Rs.281 million reported in the same period, 
last year. 



  Comments - 0

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

Import of South Indian eggs: Sri Lanka walks on Indian eggshells

With the increase in egg prices the government decided to import eggs to regu

Wokeism: Is it destructive, or are you afraid of change? A response

In order to critically discuss a movement, we must first understand its etymo

Defeat in Ananthapuram Battle denoted the LTTE’s end

Many battles were fought during the long war between the Sri Lankan armed for

Wokeism: A Weapon of Mass Destruction?

When can one say they’ve had enough of being in a state of ‘wokeness’ a