Ex-Pack Corrugated Cartons to expand with 1.9 Bn investment, eyes African sub continent

The NCE Export Awards 2024 conducted by the National Chamber of Exports will be held in Shangri La today. Over 100 exporters will receive awards at the event. The Associated Newspapers of Ceylon Ltd (Lake House) is the official Print Media sponsor of the 32nd NCE Export Awards – 24 event.

Deepal Perera, Head of Sales Ex-Pack Corrugated who are the main sponsor of the event speaking to Daily News Business said, a listed company in CSE, Ex-Pack Corrugated Cartons Plc, a fully owned subsidiary of Aberdeen Holdings (Pvt) Ltd, is to expand with a Rs 1.9 billion investment which will increase its current production capacity by volume from 2,750 MT per month to 4,000 MT from early January 2025. The trial runs have commenced, he said.

Perera said currently they were number one in the Sri Lankan market with 18-20% market share and from their current capacity 15-20% was direct exports to Maldives and the Middle East and 50-55% were supplied to Sri Lankan exporters as an indirect exporter. Perera said their monthly turnover dollar wise is over USD 800,000. He said with the expansion they hope to infuse state of the art latest packaging technology to their plant from China which will increase manufacturing efficiency and enable them to cater to wider markets.

He said the Sri Lanka market is maximum 16,000 17,000 MT per month with this machinery they would not be disturbing the local market to a greater extent but their main aim was export destinations.

Perera said they were looking at export opportunities in the African sub continent with markets growing there and have established some contacts particularly in Ethiopia, Ghana and Madagascar.

The post Ex-Pack Corrugated Cartons to expand with 1.9 Bn investment, eyes African sub continent appeared first on DailyNews.