Sri Lanka’s Lankem unit buys injection moulding firm
ECONOMYNEXT – Sri Lanka’s Lankem Ceylon said its fully owned J. F. Packaging (Pvt) Ltd. subsidiary had acquired a firm doing injection moulding, a manufacturing technology used to make a wide range of plastic products.
A stock exchange filing said J.F Packaging had acquired a 100% stake in Alliance Five Pvt Ltd. for Rs150 million.
In April Lankem Ceylon got full control of J. F. Packaging for Rs.320 million by buying the remaining 27.5 percent of the firm.
(COLOMBO, May 26, 2017)