Pussalla to invest Rs 300 m

Indunil Hewage

One of Sri Lanka’s poultry industry giants, Pussalla Meat Producers in collaboration with a French company, “Hubberd breeders”, is set to produce 40 percent of the country’s requirements of parent stock with an investment of Rs 300 million.

Pussalla Meat Producers Managing Director Dilshan Wewita said the company has already obtained local approval to initiate the grandparent operation in Sri Lanka and will start the construction next year.

The first parent stock is due to arrive in Sri Lanka before the end of May, 2012. In keeping with company’s aggressive expansion drive, it has plans to establish a chicken food related family restaurant in Colombo.

It is in discussions with two counterpart Malaysian and Philippine companies to commence the operation of the restaurant.

Once the terms and condition of the project are finalized, Pussalla hopes to begin operations by next year.

Wewita said prices of eggs and chicken will remain fixed in the market during the festive season with a sufficient supply in the market.