Wednesday, October 21, 2009

BOI signs Rs. 4 billion investment agreement with Unilever Sri Lanka

The Board of Investment of Sri Lanka granted investment approval to Unilever Sri Lanka Limited to set up a state-of-the-art manufacturing plant at the Horana Export Processing Zone. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. Amal Cabraal, Chairman of Unilever Sri Lanka.

The Rs. 4 billion investment agreement signed with Unilever Sri Lanka Limited is to establish its main manufacturing facility at Horana Export Processing Zone. The new state-of-the-art “green” manufacturing facility, established in a 26 acre area, will cater to the local demand and may also serve as a regional sourcing hub for Unilever.

As of today, Unilever Sri Lanka has 70 years of manufacturing history in this country and produces 95% of all the products it markets in Sri Lanka. This significant investment reflects Unilever’s commitment to its markets in Sri Lanka. The investment will ensure that Unilever will continue to provide Sri Lankan consumers with their favourite brands while adding substantially to the nation’s economy.
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