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Charcoal factory on way

Top level Chinese businessmen have decided to establish a factory to make coconut related products in the island under the direction of the Chinese Government.


Plantation Industries Minister D.M. Jayaratne at a discussion with Chinese Business Delegates Lille Exu and Linda Wang at the Ministry.

According to the Plantation Industries Ministry media sources, the businessmen have made a number of proposals on the matter to the Plantation Industries Minister D.M. Jayaratne at the Ministry on last Tuesday.

Initially, a factory for processing charcoal from coconut shells will be established. In addition, the company is ready to start other products derived from coconut.

In a special statement issued after having a discussion with business delegates the Minister said the investment will create more opportunities to increase foreign earnings of the country.

Priority will be given to expand employment opportunities to the unemployed youth, he said.

The Minister asked the Chinese business delegation to focus attention on coconut derivative products such as the coir industry. The Land Reclamation and Development Board Chairman Karunasena Hettiarachchi also participated at this discussion.

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