Japanese packaging firm to set up plant in Sri Lanka
ECONOMYNEXT – Japan’s Sugano Packing Materials Co., Ltd., is to set up a plant in Sri Lanka to make flexible packaging that will be used partly by tea exporters, the Board of Investment said.
The packaging produced in the plant in Ja-Ela, north of Colombo, would be mainly flat bottomed bags, a statement said.
Sugano, which will import a large pouching machine to manufacture the bags, will invest 7.5 million US dollars in the plant, the investment promotion agency said.
“Currently Sugano handles the entire sequence of producing various film packaging from planning, designing, printing, laminating, slitting and bag making until the sales management of packing industry materials, the statement said.
Employing over 195 people from Japan with a capital of 58 million yen, the company delivers products for over 1,200 companies in the Kansai area.
These products include food, pet food, electricity, hardware, fiber, daily necessities, fishing tackles, automobile products, and general retail-related industries.
(COLOMBO, 09 September, 2019)