ECONOMYNEXT – Sri Lanka’s Tess Agro, a food processing company, said it launched a tin can manufacture plant at its factory premises in Kelaniya.
“We write inform you of the commencement of our tin can manufacturing project,” the company said in a stock exchange filing.
“Tess Agro Plc launched ‘Agro Tin Tech’ on the 13th of November 2023, the tin can manufacture plant at their factory premises in New Nuge Road, Kelaniya. The Company has the capacity to produce 80,000 cans per day.
“The initial investment of this project amounted to Rs 79.2 million for the machinery and equipment. This will cater to the growing needs of the local as well as export market.”
“The “Tin can”, one of the most ideal, popular and suitable packaging form for many products like fish, soft drinks, soups, spices, cosmetics, pharmaceuticals, and other products has undeniably resulted in its popularity.
“The high demand for this product locally and internationally provides a foundation for great prospects of this project’s success.”
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The diversified TESS group of companies is engaged in engineering, export of marine products, deep sea fishing, supply of healthcare equipment and services, and export of agricultural produce from Sri Lanka.
The group is the largest exporter of marine products from Sri Lanka to the European Markets and is among the 10 largest perishable exporters from Sri Lanka to world market and enjoy s BOI status and enjoys a 15 year tax holiday, according to the Export Development Board. (Colombo/Nov16/2023)