Sri Lanka Adam Carbons in rice husk carbonisation deal
ECONOMYNEXT – Sri Lankan-activated carbon maker Adam Carbons (Pvt) Ltd has signed a joint venture deal with South Korea’s Kooks E & C Ltd. for rice husk carbonisation that would enable it to diversify its product range.
Adam Carbons is a fully owned subsidiary of Adam Capital.
A stock exchange filing said Adam Carbons has signed a memorandum of understanding with Kooks E & C Ltd. in a joint venture for rice husk carbonisation.
Kooks E & C Ltd. is a diversified group of companies based in Seoul. It is a manufacturer of electrical motors and generators, and wholesaler of non-specialised goods in the food and agriculture, chemicals, and energy sectors, the statement said.
“This venture permits Adam Carbons to diversify its product range into high value-added products with a strong export market,” it said.
(Colombo/May 09 2016)