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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Second plant for Central Industries

Second plant for Central Industries

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1Second plant for Central Industries Empty Second plant for Central Industries Sun Jul 08, 2012 1:22 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Written by The Nation

Central Industries PLC has plans to establish the company’s second production and warehouse facility at the recently acquired property in Yakkala. This will be undertaken in two stages by initially transferring some production and storage facilities which utilize a large extent of space from Kerawalapitiya to the new location, the Chairman of the firm Stanley V. Wanigasekera said.

“New machinery which will provide additional production capacity will also be installed during this first stage, which will be undertaken during the current financial year and is estimated to cost approximately Rs.65 million. The second stage to further enhance production capacity for PVC products is planned to be implemented in the next financial year,” Wanigasekara said addressing shareholders at the release of the firm’s 2012 Annual Report.

He noted that the Company had recently pioneered the local manufacture of PVC ball valves which are fully manufactured in-house.

“In response to customer feedback we have also introduced a new range of electrical switches and sockets incorporating improved design features which will reduce production costs while improving product performance,” the Chairman said.
http://www.nation.lk/edition/business/item/7956-second-plant-for-central-industries.html

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