Chemanex ties up with US firm
New plant to increase production :
Chemanex a member of CIC Group of Companies,
will link up with a leading chemical company in USA making an
investment of Rs 350 million shortly. Chemanex Managing Director Lal
De Alwis said that the company has shown a growth in exports at
present and it will introduce a new chemical product range with the
latest investment. The signing of agreements has been already
completed between the two companies.
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Thai companies eyeing Sri Lanka
The Thailand Trade Representative (TTR) will
support small and medium-sized Thai construction companies seeking
business opportunities in Sri Lanka, which requires investments of
US$ 23.52 billion from now until 2017.
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Market closes low
The Colombo bourse closed low yesterday as both
indices continued to descend. The Colombo Stock Exchange (CSE) All
Share Price Index (ASPI) closed at 7,008.06 points moving down by
24.54 points, while Milanka Price Index (MPI) closed at 7,240.04
points down by 61.05 points. The daily turnover was over Rs 3.1
billion.
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