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Saturday, December 21, 2024
Saturday, December 21, 2024

HomeBusinessMaxons continues his business legend by saving the country much needed dollars

Maxons continues his business legend by saving the country much needed dollars

Maxons continues his business legend by saving the country much needed dollars

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Macksons Minerals & Polymers (Pvt) Ltd, a subsidiary of Macksons Holdings, has signed a U$17 million agreement with the Investment Board. The company is embarking on an ambitious program to build a state-of-the-art processing plant to enhance the value of locally sourced minerals. The facility will produce ultra-fine ground calcium carbonate (GCC) and dolomite powder, as well as solvent-based resins and water-based binders. These products will cater to various industries including cosmetics, ceramics, building materials and other allied industries.

Spread over 15 acres of land in Paragasthota, Millenia, the proposed manufacturing plant will have three dedicated production lines to ensure efficient production of these high quality materials. As a Board of Investment (BoI) venture, the project aims to serve the domestic market and the indirect export sector.

Macksons, a local multinational conglomerate, is proud to be involved in this project which will bring immense benefits to both our industry and economy.

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