Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» Avoid investing in Abans Group company shares
by Wimal Modawansa Today at 12:37 pm

» Lanka Cement
by sureshot Today at 11:09 am

by samaritan Today at 9:12 am

» Beware of banking stocks
by dsam Yesterday at 11:12 pm

» Roshan Egodage's Money Grabbing
by Investor1994 Yesterday at 7:10 pm

by Gambino7 Yesterday at 12:13 pm

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Sun Dec 10, 2017 6:43 pm

» Tea prices up and up.Plantation shares down and down!
by Teller Sun Dec 10, 2017 2:44 am

by rosa maria Sat Dec 09, 2017 4:48 pm

by Teller Fri Dec 08, 2017 10:52 pm

» People's Leasing Company
by Teller Fri Dec 08, 2017 10:41 am

» Sri Lanka Exports up 12.9-pct in Sept
by Teller Fri Dec 08, 2017 10:38 am

by Teller Fri Dec 08, 2017 10:30 am

» LLMP - New Strategic Marketing >>> Boooom
by Teller Fri Dec 08, 2017 10:27 am

» Why LLUB.N0000 going down ?
by Teller Fri Dec 08, 2017 10:20 am

» LDEV rights
by Teller Fri Dec 08, 2017 10:16 am

» SAMP Rights Issue
by niru Thu Dec 07, 2017 8:04 pm

» Risk of top 20
by Yahapalanaya Thu Dec 07, 2017 7:56 pm

» Whats happenning with SHL
by Suranga_77 Thu Dec 07, 2017 12:54 pm

by Nethu Tue Dec 05, 2017 10:41 am

» ALLI-why so cheap?
by Agape Mon Dec 04, 2017 12:55 pm

by Eugine Fernando Mon Dec 04, 2017 8:51 am

» CFVF will HIT. 40 BY Next. Thursday
by Ryan Hudson Mon Dec 04, 2017 7:17 am

» best stocks to buy now
by Ryan Hudson Mon Dec 04, 2017 7:16 am

» KZOO - Renuka Capital Excellent Term Report
by The Hunter Sun Dec 03, 2017 10:58 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News »  Fairway to invest over $15 million to Sri Lanka’s saline manufacturing facility

Fairway to invest over $15 million to Sri Lanka’s saline manufacturing facility

View previous topic View next topic Go down  Message [Page 1 of 1]


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Capitalising on the booming healthcare industry, Fairway Holdings subsidiary Fair Health Ltd. confirmed that it would invest over $15 million to set up Sri Lanka’s first intravenous solutions manufacturing facility.
The firm has partnered with a Japanese expert to set up Sri Lanka’s first saline facility inPadukka, Fairway Holdings Chairman Hemaka de Alwis told the Daily FT.

Commenting on the current status, he stated that the project was currently in the investment stage, where they were in the process ofraising debt, negotiating the purchase of plant and equipment, obtaining planning and regulatory approvals. 
“We will be starting constructionwork in three months’time and we hope to start production by the first quarter of 2017,” he added.
He assured that the facility would be set up in line with World Health Organization(WHO) Good Manufacturing Practices (GMP) as well as US Food and Drug Administration (FDA) standards with state-of-the-art technology. 
The facility has a capacity of manufacturing 21 million litres of saline per annum, whereas the Sri Lankan market requirement is only fourtofive million litres per annum. 
“Our primary focus is to cater to the export market. Already we have received confirmed orders from other Asian countriesand there are some inquiries from other GCC countries as well. We also intend to supply to the local market,” he noted.
Elaborating on expansion plans in the pharmaceuticals industry, de Alwis asserted that they were looking for partnerships to manufacture drugs. 
“Our actual interest in getting into pharmaceuticals is to manufacture drugs and devices. At the moment Pakistan and Bangladesh are doing it in a large scale with very limited resources. I think with the proper infrastructure and monitoring processes in place, Sri Lanka should be able to do better,” he noted.

See more at:

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum