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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » South Asia’s largest meat processing factory opens

South Asia’s largest meat processing factory opens

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Bakkabwoi

Bakkabwoi
Manager - Equity Analytics
Manager - Equity Analytics
guys.. they just opened this.. i feel like this could be related to sharemarket..anyone konw what is the parent company of this

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
South Asia’s largest meat processing factory

One of the largest meat processing factories in South Asia was opened today at the Katunayake Investment Promotion Zone (IPZ).
The meat processing factory is owned by a local businessman with an investment of Rs.1.5 billion. 
The factory is established aiming to meet the 10% of  international market requirement for meat-related products.
The factory is located on a three-acre land in IPZ at Katunayake.
The factory would provide 300 job opportunities and aiming to produce meat products such as sausages, meatballs, ham, bacon including local traditional food varieties with premium quality and targets to export its products to the Maldives, Middle East Countries and India.
Several Parliamentarians including Namal Rajapaksa, Shasheendra Rajapaksa, Kanchana Wijesekera, D.V Chanaka, Arundika Fernando and Siripala Gampalth  participated at the opening ceremony.
-Daily Mirror

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Owners name nor the company name is published... hmm looks like a politically connected businessmen’s venture.

Kipling


Expert
Expert
Yes really intriguing. Any information on owner.

Bakkabwoi

Bakkabwoi
Manager - Equity Analytics
Manager - Equity Analytics
yes if we vcould figure this ..it could be a really good long term investment.. if it is already listed.. or else we could have a shot at ipo

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Bakkabwoi wrote:yes if we vcould figure this ..it could be a really good long term investment.. if it is already listed.. or else we could have a shot at ipo
I think it's gills meat.I saw it on Twitter. check the pic of the daily mirror article and the man on gills website

Bakkabwoi likes this post

Kipling


Expert
Expert
Geesura
Yes seems like the same person. Gills - do not know the brand. Reason- Do not consume meat products. Are they a big player?

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Kipling wrote:Geesura
Yes seems like the same person. Gills - do not know the brand. Reason- Do not consume meat products. Are they a big player?
Don't think so. main players in Sri Lankan processed meat sector is Keels, Elephant house,goldi.gills is not a big player yet in the future may be.
For me, elephant house is the best in Sri Lanka

Bakkabwoi

Bakkabwoi
Manager - Equity Analytics
Manager - Equity Analytics
@geesura wrote:
@Kipling wrote:Geesura
Yes seems like the same person. Gills - do not know the brand. Reason- Do not consume meat products. Are they a big player?
Don't think so. main players in Sri Lankan processed meat sector is Keels, Elephant house,goldi.gills is not a big player yet in the future may be.
For me, elephant house is the best in Sri Lanka


South Asia’s largest meat processing factory opens Lkog10



internet is so much useful.. Very Happy so yes gills its is !

bizniz


Equity Analytic
Equity Analytic
It is Gills. Quite a massive investment of 1.5bil. Wonder where they got that from ;-)

RJ1010 likes this post

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Daily mirror is quite funny. Original headline was Opening of South Asia largest MEAT processing factory..... now it has changed to FOOD processing factory after people commented on hypocrisy of setting up a meat processing factory when production of beef criticized few months ago by the same people.

Kanishka_2020 and Bakkabwoi like this post

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