ARD Aluminium (Pvt) Ltd will construct a US$ 1.7 million manufacturing facility at Mirigama Economic Processing Zone (EPZ) in Sri Lanka. The Board of Investment of Sri Lanka and ARD Aluminium (Pvt) Ltd signed an agreement to build a plant for the production of aluminium food containers with lids and aluminium foil wrap for food.
ARD Aluminium can sell 20 per cent of its total production in the local market. Production at the facility is expected to begin in July 2019. Currently, these products are mostly imported from other countries, notably China.
The investors, Akul Gupta, Dhiraj Agarwal and Rohit Agarwal, were present at the signing ceremony. Also present were Nishantha Gunawardana and Rohan Fernando, both Directors of the local manufacturing operator. The BOI was represented by Renuka Weerakoon, Executive Director (Monitoring), who was acting for Director General.
“We have the capacity to manufacture 250 tonnes of aluminium containers per month, which is the equivalent of 25 forty-foot containers. Our products will be exported to India, the United Arab Emirates and Western Europe, notably to the United Kingdom,” Gupta said.
"Also I wish to add that our manufacturing process is environmentally friendly and the left over aluminium will be re-exported to India in bale form.”
"This manufacture will support a lot of local food industries and catering businesses as it is ideal for the delivery of hot food which is a growing business in Sri Lanka," he added.
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