CBL to invest in new factory
Indunil Hewage
The Sri Lankan confectionery industry has recorded a satisfactory
expansion with a 10 percent annual growth showing signs of being a
dominant industry. It is capable of generating much foreign income to
the country while reducing the unemployment rate considerably.
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Nandana
Wickramage |
The confectionery industry comprises chocolates, biscuits, cakes,
sweets, toffees and others.
Ceylon Biscuits plans to set up a biscuit manufacturing plant in the
Seethawaka area and it is expected to be operational by mid 2011
generating over 1,000 job opportunities for the youth in the country.
Ceylon Biscuits Limited Group Director and Marketing and Sales Head
Nandana Wickramage said new opportunities are opening for local
confectionery manufactures in the face of escalating tourist arrivals to
the country.
“The high cost of raw materials has been identified as a major
stumbling block that hampers the growth in the industry. In addition to
that, there is stiff competition in the confectionery industry in the
country with the invasion of huge confectionery products from leading
multinational companies to the local market.
“However, Sri Lankan consumers are very quality conscious when they
purchase confectionery products from the market,” Wickramage said. |
