Murali to set up US$ 63 mn beverage can manufacturing plant

6 April 2015 07:41 am

Ex-cricketer Muttiah Muralitharan will be setting up the country’s first aluminium beverage can manufacturing facility in the near future, with an investment of US$ 63 million.
“It’s for all beverages. My family will own 60-70 percent of the shares,” Muralitharan said.
He added that the rest of the company would be owned by two foreign partners.
The company will come under the Board of Investment, and Investments Promotion and Highways Minister Eran Wickramaratne said that there would be no hiccups.
“I was surprised. Yesterday Murali walked into the BOI saying he wanted to invest, but he had some problems. We sorted it out then and there,” Wickramaratne said.
Piramal Glass Ceylon PLC CEO Sanjay Thiwari, whose company is the market leader in beverage bottle manufacturing said that cans cater to a niche segment, which will always remain.