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Wednesday, May 19, 2010 - 6.20 GMT

US $ 5mn investment under BOI

 
The Board of Investment has granted approval to an investment worth US $ 5 million by Alubond Australasia.

The venture is sponsored by UAE based Eurocon Building Industries and Belize based Lofthouse Trading Inc. This will manufacture a range of Alubond products for the export market. The venture will focus on global sourcing for aluminium colour coated coils.

The manufacturing plant established in the Industrial Estate, Seethawaka is expected to commence commercial operations within one year.

This will provide 50 new employment opportunities.

 





 
                   
 
   
   
   
   
   

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Last modified: May 19, 2010.

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