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Sri Lanka Equity Forum » Stock Market Talk » Pelwatte milk powder plant opens May 15

Pelwatte milk powder plant opens May 15

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1Pelwatte milk powder plant opens May 15 Empty Pelwatte milk powder plant opens May 15 on Tue May 03, 2011 8:55 am


Manager - Equity Analytics
Manager - Equity Analytics
Pelwatte Dairy Industries will commission its state- of-the-art Rs
1.5 billion powdered milk plant in Moneragala, on May 15. The factory
which has the most modern machines imported from Denmark has a daily
production capacity of 10 tonnes of milk powder while also processing
180,000 litres of liquid milk, PDI Chairman Ariyaseela Wickremanayake
told Daily News Business yesterday.

He said efforts are under way to export butter and yoghurt to the
Maldives while the focus will be to target supplying 20 percent of the
milk powder requirement.
“The trials on the machines for the production of the milk powder are
currently going on and this mega facility would be commissioned soon as
it is over,” he said.
“The multi-purpose machines will also process liquid milk, both
sterilized and pasteurized, in addition to other products such as
butter, yoghurt and flavoured ice creams on a larger scale than what is
already produced.
The shelf life of the milk products will be six months.
The other dairy products liquid milk such as butter, yoghurt, ice
cream are being produced in normal quantities and distributed regionally
in areas such as Moneragala and Ratnapura but will be marketed
nationally when the powdered milk is commissioned,” he said.
“The factory when in full capacity would be targeting 15 to 20
percent of the national milk production. This venture is also in the
national interest where the country would be saving a percentage of the
US $ 300 million in foreign exchange that goes towards the import of
powdered milk.
The supply of the milk to the factory would be on the out grower
basis and the company would be using the supplies of milk from 25,000
farmers and sugar cane suppliers who supply their harvest to the parent
company of the group-Pelwatte Sugar Industries. Wickremanayake also
implored Sri Lanka’s blue chips to participate in the drive for boosting
national milk production aimed at reaching national self sufficiency in
milk where the US$ 300 million spent annually for the import of milk
powder would be saved.

2Pelwatte milk powder plant opens May 15 Empty Pelwatte milk powder plant opens May 15 on Tue May 03, 2011 10:51 am

CSE Today

CSE Today
Manager - Equity Analytics
Manager - Equity Analytics
The Implementation of the facility is good for the country but I'm in a little suspicious stage on the whole project.

This same Ariyaseela Wikramanayake, the Chairman of Master Divers is a forerunner on the Magampura [Hambantota] port project, which he was highly supporting & persuaded all Sri Lankans with the benefits of the said project & we can remember how he sailed down two vessels to nearby where the port was about to construct & showed to all of us that the sea & the land location was perfect for a port...BUT now what...? we hear a different story regarding the said location & the Minister of port was to say that even if we dig a well there are rock taking the truth out of his speech we can determine that the story about a hard rock bottom was true...then who is to shoulder the burden..? we all Sri Lankans have to pay the loans for many more years by the way of different taxes

My point is this IF, Mr Wicramanayake was not able to succeed his own predictions on where he is an expert been called as a man with a marvel in the ocean HOW can this same person succeed with cows..? or should I believe that he has some experience been together with cows & bulls or have a pedigree from that clad...?

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