Sunshine Packaging Lanka is poised for further expansion following the receipt of US$ 2 million in Foreign Direct Investment (FDI) from Primeco Holdings Limited , a conglomerate incorporated in Hong Kong.
The FDI infusion is via an issue of new shares amounting to a 40% stake in Sunshine Packaging by Primeco Holdings which has interests in steel, coal and other commodities.
The funds from the new investment will be used for further enhancement and expansion of the operations of Sunshine Packaging – which at present manufactures tea caddies, confectionary tins and printed tin sheets. With the new investment, Sunshine Packaging expects to step up its focus on the lucrative export market and significantly increase its business volumes – particularly by expanding its international orders via the partnership with Primeco Holdings.
“The investment from Primeco Holdings reflects the strong confidence of international investors in the companies of the Sunshine Holdings Group,” Sunshine Holdings Group Managing Director Vish Govindasamy said.
www.dailynews.lk
The FDI infusion is via an issue of new shares amounting to a 40% stake in Sunshine Packaging by Primeco Holdings which has interests in steel, coal and other commodities.
The funds from the new investment will be used for further enhancement and expansion of the operations of Sunshine Packaging – which at present manufactures tea caddies, confectionary tins and printed tin sheets. With the new investment, Sunshine Packaging expects to step up its focus on the lucrative export market and significantly increase its business volumes – particularly by expanding its international orders via the partnership with Primeco Holdings.
“The investment from Primeco Holdings reflects the strong confidence of international investors in the companies of the Sunshine Holdings Group,” Sunshine Holdings Group Managing Director Vish Govindasamy said.
www.dailynews.lk
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