website hit counter
Tuesday, April 22, 2025
Tuesday, April 22, 2025

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

spot_img

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.

Latest articles

Pope Francis dies, Vatican says

Pope Francis, the first Latin American leader of the Roman Catholic Church, has died,...

“Who Is Protecting the Masterminds?” – 6 Urgent Points from Cardinal Ranjith at Easter Attack Memorial

Colombo Archbishop His Eminence Malcolm Cardinal Ranjith today (21 April) renewed his call for...

Massive fire breaks out during the shooting of Dhanush’s ‘Idli Kadai’

A massive fire broke out during the shooting of Dhanush's upcoming film 'Idli Kadai'....

Israeli army finds ‘professional failures’ in killing of Gaza medics

The Israeli army said on Sunday that a review of the killing of emergency...

More like this

Profit-booking pushes gold to all-time high

Gold fell on Thursday as investors booked profits after gold hit an all-time high...

EPF announces 11% interest after assets rise to Rs 4.38 trillion in 2024

The Employees' Provident Fund (EPF) consolidated its position as the leading institution in the...

People’s Bank Introduces Affinity Credit Card for Bandaranayake College OBA

People’s Bank has proudly unveiled a new Affinity Credit Card in partnership with the...