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Sri Lanka Royal Ceramics to build tile plant
06 July 2011: Royal Ceramics, Sri Lankan tile manufacturer is to build a plant at Kiriwaththuduwa, Homagama south of Colombo.
The unit is to be built up at the cost of Rs 300 crore that will add 12,000 sq m to its capacity per day. Work on the plant begins in June 2011, and it has contracted with the overseas companies to supply the machinery. The project is expected to complete by December 2012.
The plant will be partly funded through debt and internally generated cash.
Source: Lankabusinessonline