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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sunshine Holdings mulls massive expansion

Sunshine Holdings mulls massive expansion

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
There are ample investment opportunities in Sri Lanka’s key growth sectors. Sunshine Holdings will be looking for opportunities to invest in healthcare manufacturing, healthcare retail chain, dairy farm, plantation and mini hydro power sectors to the tune of Rs 3.95 billion, Managing Director, Sunshine Holdings Group, Vish Govindasamy said.

“We are reasonably bullish of the present business climate. The investment will be spread over the next 4-5 years.

However, the medium and long-term plans will be subject to change based on a feasibility analysis and market conditions,” he said.

“We account for the highest market capitalisation among the regional plantation companies in the Colombo Stock Exchange. The company hopes to increase its global presence to ensure sustainable growth while investing in human resource development and introducing innovative products,” Govindasamy said. “Among the key areas for expansion are local production of generic pharma products and strengthening the wellness range with our own brand.

We will invest Rs. 1 billion on healthcare manufacturing and related processes and our healthcare retail chain will be further expanded and upgraded with an investment of Rs 150 million,” he said.

The company’s dairy farm will be expanded with an investment of Rs. 2 billion. The current capacity of the dairy farm is 1,200-1,500 litres per day.
There will be an investment of Rs 200 million in the plantation sector to improve and strengthen its tea brand.

With an investment of Rs 600 million in the mini hydro power sector, the company hopes to generate 7.5 MW of power, he said. The strengthening of the core business is expected to drive growth of the diversified conglomerate. It is also ranked among the top 50 companies in Sri Lanka by the LMD magazine.
Courtesy: Sunday Observer 14 June 2015

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