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[January 2008]
Rocell Signs Agreement with BOI for New Tile Plant
Rocell Ceramics Lanka Plc has signed an agreement with the Board of Investment of Sri Lanka to build a manufacturing plant to produce porcelain tiles for the local and export markets.
The factory represents an investment of US$13 million and will be located at Kiriwaththuduwa, Homagama. This latest facility for Rocell is expected to provide employment for about 220 workers and will be equipped with state-of-the-art technology imported from Italy. Construction work is planned to start soon with commercial production scheduled to begin in 2010.
ENDS