Prima to increase investments in Sri Lanka
Feb 27, 2019 15:36 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Prima Ceylon (Pvt.) Ltd, Sri Lanka's largest flour mill, is hoping to increase its investments after 40 years of operation, officials said.
"Our current investment in Sri Lanka amounts to 240 million US dollars," Group General Manager Tan Beng Chuan said.
"It is one that we are proud of, and we will continue to explore new opportunities to develop our operations here," he said at a media briefing in Trincomalee held to celebrate the firm's 40th anniversary in Sri Lanka.
Officials said there are plans to upgrade the mill over the next two years.
Prima Ceylon's factory in Trincomalee can mill 3,650 metric tonnes of wheat daily, and store up to 350,000 metric tonnes of wheat in three silos.
The factory complex has a jetty which can handle bulk carriers with capacities up to 100,000 metric tonnes.
The mill is fully automated, with no human touch from ship to pack.
In 2016, Prima expanded from wheat flour into speciality, value-added flour.
The firm said it also exports some of its produce to other Asian markets.
Prima entered Sri Lanka with a 82 million US dollar investment in 1978.
When the factory, with a 100,000 metric tonne silo capacity, was opened in 1980, it was the world's largest mill.
Prima Ceylon currently has subsidiaries selling animal feed, poultry, food processing machines and processed food. It also has a bakery training school.
It is a subsidiary of Prima Limited, Singapore, which has operations in Malaysia, Hong Kong, China and Indonesia as well. (Colombo/Feb27/2019-SB)