Sri Lanka’s Prima unit to set up US$28mn food plant
ECONOMYNEXT – Ceylon Agro-Industries Ltd, a unit of Singapore based Prima group is setting up a 28 million US dollars plant to expand their processed food business and move into jams and sauces.
Sri Lanka’s Ministers of International Trade and Investment Malik Samarawickreme told parliament 1.34 billion US dollars of investments had been approved by the Board of Investment of Sri Lanka up to April 2018.
Ceylon Agro-Industries Ltd, produces Prima branded noodles, value added processed poultry and dairy products.
Prima Ceylon also sells wheat flour, oil and bakery products.
Related companies of the group, Ceylon Grain Elevators and Three Acre Farms are involved in feed milling, poultry breeding and meat processing. (Colombo/May23/2018)