Sri Lanka’s Alumex buys land to expand capacity

ECONOMYNEXT – Sri Lanka’s Alumex Plc, an aluminium extrusions firm, said it is purchasing land for Rs420 million to expand capacity.

The Hayleys group unit said it was buying the land from Hayleys Fibre.

Hayleys Fibre said the land in Minuwangoda Road, Ja-Ela, was now rented out to third parties, the firm said in a stock exchange filing.

Hayleys Firbre said the deal was on ‘normal commercial terms’.

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