Sri Lanka based BPPL Holdings, a parent company of the Beira Group is moving ahead with its plans for commissioning synthetic yarn plant over the next few months. The company is also set to expand its new monofilament yarn manufacturing factory is being built in the Horana BOI Industrial zone at a cost of Rs 675 million.
The company has already placed orders with machinery suppliers following successful trials conducted with its own hot washed recycled PET flakes.
BPPL Managing Director Dr. Anush Amarasinghe said that they already placed orders for the machinery and that both will start happening by 1Q next year. He said that they will set up a Rs. 675 million expansion and also build their factory to make this polyester yarn which will be supplied to garment manufacturers. This will help save the country many dollars, he said noting that now the garment exporters import them.
This is just the beginning; their future prospects are extremely bright. They are engaged in an industry with tremendous potential and will continue to strive ahead in a way that will help create further potential. They will uphold the confidence placed in them, with each step, adding greater value and contributing to the benefits of all their stakeholders,â€ Dr. Amarasinghe said at the recent trading launch.
This facility is set to come on-stream in the January to March quarter of 2018 and contribute to revenue from April 2018, the company said while announcing its interim unaudited financial results for the eleven month period April 2016 to February 2017.
BPPL is one of Sri Lankaâ€™s largest brush manufacturers and exporters of sanitary maintenance tools customised for household, professional, commercial and industrial cleaning applications. With over 30 years of brush-ware manufacturing and marketing experience, the company is among the top brush makers in the world.
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