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Friday June 25th, 2021
General Industry

Sri Lanka Phosphate SOE taken out of industries ministry

Placed under Agriculture Ministry

5 minutes

Sri Lanka manufacturing, services buckle in May as Coronavirus wave bites: PMI

Absenteeism hits manufacturing

3 min read

Sri Lanka's Brandix focusing on worker safety as exports face triple whammy

Though orders are picking, so is price competition

5 min read

Sri Lanka to vaccinate export zone workers from July: Namal

Health Ministry has approved

1 min read

Sri Lanka to make 13mn Sinovac vaccines: Treasury Secretary

A plant is being readied in Kundasale in Kandy to co-produce the vaccines.

Sri Lanka to co-produce Sinovac vaccines: Minister

Plant being readied in Kundasale

Sri Lanka to start trial production of RT-LAMP Coronavirus test kit: SLINTEC

Manufacturing of trial batches will commence soon, which will then be followed by commercial production

2 min read

Sri Lanka's Ocean Lanka develops new fabric dying technology

Process slashes water use by over 60 percent, cuts energy use by 20 percent and is 30 percent faster

2 min read

Sri Lanka's Hayleys buys South Asia Textiles for Rs3.9bn

Hayleys Fabrics, a unit Sri Lanka's Hayleys group said it had bought 98.84 percent of South Asia Textiles Limited, weft-...

1 min read

Sri Lanka manufacturing, services expands in March 2021: PMI

Sri Lanka's manufacturing Purchasing Managers Index reached a 9-month high as activities continue to recover backed by p...

2 min read

Hemas Holdings 'AAA(lka)' rating confirmed by Fitch

Fitch Ratings has confirmed at 'AAA(lka)' domestic rating of Sri Lanka's Hemas Holdings Plc, with a stable outlook based...

7 min read

Sri Lanka food, shampoo firms hit by midnight 'regime uncertainty' as palm oil banned

Sri Lanka firms producing a range of foods and personal care items would be hit by a palm oil ban, in addition to public...

2 min read

Blackstone group enters Sri Lanka taking over Piramal Glass unit

US-based Blackstone Capital has taken over Sri Lanka's publicly traded Piramal Glass (Pvt) Ltd, paying 6.2 billion rupee...

1 min read

Sri Lanka to set up pharmaceutical zone in Horana

Sri Lanka will set up a pharmaceutical investment zone in Millewa, Horana with an initial investment of 8 billion rupees...

2 min read

1

Sri Lanka PM opens DAG Apparel factory in Moneragala

Sri Lanka's Prime Minister Mahinda Rajapaksa has commissioned a 500 million rupee export apparel factory in Moneragala, ...

1 min read

Pakistan, Sri Lanka in talks for pharma JVs supported by buy-back deals

Sri Lanka has invited the Pakistani Pharmaceutical Manufacturers’ Association (PPMA) to set up joint ventures with par...

2 min read

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China MCC in talks with Sri Lanka over US$310mn mineral sand venture

China Metallurgical Group Corporation (MCC) is in talks with Sri Lanka over a 310 million US dollar mineral sand project...

2 min read

2

Sri Lanka manufacturing, services expand in Jan 2021:PMI

Sri Lanka's manufacturing Purchasing Managers' Index remained in expansion at 60.2 percent though 1 point down from Dece...

2 min read

Sri Lanka makes ceramic components for New Zealand tech company

Royal Fernwood Porcelain Limited, manufacturer of porcelain tableware said it had begun producing engineering components...

2 min read

Sri Lanka's Piramal Glass Ceylon net up 60-pct

Sri Lanka's Piramal Glass Ceylon Plc, said profits rose 60 percent from a year ago to 378 million rupees in the December...

1 min read

2

Sri Lanka's Global Rubber Industries adds agricultural tyre capacity

Sri Lanka's Global Rubber Industries said it is adding an agricultural tyre palnt that will take its capacity to 750,000...

2 min read

Sri Lanka state land on 30-year lease to Pelwatte Milk

Sri Lanka's cabinet of ministers had approved the transfer of 22 hectares of state land to Pelwatte Milk Industries Ltd,...

1 min read

Sri Lanka revises 'local value addition matrix' for assembled vehicles

Sri Lanka has revised the domestic 'value addition' criteria of assembled vehicles following discussions with the indust...

1 min read

Ferentino Tyre Corporation commissioned by Sri Lanka President

Ferentino Tyre Corporation (Pvt) Ltd, an export oriented greenfield project which the firm says will be South Asia's lar...

1 min read

3

Sri Lanka to set up National Salt Company SOE with Elephant Pass salterns

Sri Lanka will set up state owned enterprise named National Salt Company to run salt pan in the Northern Province.

1 min read

Sunshine, Akbar form Sri Lanka pharma business stretching from R&D to retail

Sri Lanka's Sunshine Holdings and Akbar Brothers have combined their pharmaceutical units to create a combined entity th...

2 min read

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