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The Hayleys group’s premier manufacturer and exporter of coconut fibre-related products, Hayleys Fibre PLC, is said to make substantial gains from the disposal of its freehold property in Ekala, Ja-Ela to a group subsidiary.
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Market leader in tile and bathware industry Royal Ceramic PLC, which entered the country’s paint market five years ago, is planning to divest its paints manufacturing facility, marking an exit from the business, Mirror Business learns.
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Sri Lankan cement manufacturer Tokyo Cement Group said it has struck a deal with Japan’s Ube Industries Ltd for technical support and import raw materials to make high-quality cement. A statement said the deal was signed on August 1, 2016.