Royal Ceramics to increase production capacity

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Royal Ceramics to increase production capacity

Posted by author 1 year ago on May 22nd, 2012 5:45 PM and filed under Business & Finance, Markets, Stock Market. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Royal Ceramics to increase production

Sri Lanka’s Royal Ceramics Lanka PLC, which is controlled by businessman Dhammika Perera has decided to expand its Eheliyagoda factory with an investment of Rs. 600 million.

The Company, in a stock market filing announced that the firm’s Board of Directors have approved the expansion program.

RCL believes that the latest move will help it to increase production in the most cost effective manner to meet the market demand.

The firm plans to recover the investment in four years time.