Eco Protect Engineering opens hi-tech pellet and granular fertilizer manufacturing facility
Daily FT: The state-of-the-art pellet and granular fertilizer manufacturing facility of Eco Protect Engineering Ltd. located in Oyamaduwa, Anuradhapura was opened on 9 November with the participation of District Secretary Anuradhapura Janaka Jayasundara, National Fertilizer Secretariat Director Chandana Lokuhewage, and senior officials from the Ministry of Agriculture.
Eco Protect Engineering Ltd. is part of the Multichemi Group of Companies which is already engaged in the manufacture and distribution of biofertilizers and blended chemical fertilizers. This newly opened modern manufacturing facility comprises 25,000 sq. ft. of production floor area and is capable of manufacturing over 10,000 metric tonnes of organic, hybrid and NPK chemical pellet and granular fertilizers annually.
Addressing the gathering at the opening ceremony, Eco Protect Engineering Ltd. Managing Director Samuditha Kumarasinghe mentioned, “The range of eco-friendly, high-tech pellet and granular fertilizers manufactured at the new production facility will be marketed under the brand names ‘MCI’, ‘Top Crop’ and ‘Bio Crop’. We have always manufactured products of uncompromising quality which has enabled us to gain wide acceptance from farmers.” Kumarasinghe also stated that the new range of pellet and granular fertilizers has specifically designed products for paddy, vegetable, tea, and maize crops.
Further, the manufacturing facility is located within a 25-acre agricultural land which has been established under a sustainable development plan with the planting of local fruits and grains, keeping in line with the company’s environmental-friendly approach.
OSL take:
The steady growth in the demand for food in Sri Lanka has resulted in an expansion in business/investment opportunities in the country’s agriculture industry. The opportunities in Sri Lanka’s agriculture industry covers two areas – local consumption and exports. Among the opportunities in the overall agriculture industry includes the supply of goods and services as well as the development of supplementary infrastructure facilities. The requirements for high yield vegetable seeds, pesticides and fertilizers also present business opportunities. Also, the many trade agreements as well as trade concessions enjoyed by Sri Lanka have supported the exporting of agriculture crops. Given the growth and business potential in Sri Lanka’s expanding agriculture industry, foreign businesses/investors could confidently explore the growing opportunities in the industry. Foreign businesses could also look at forming partnerships or joint ventures with local businesses engaged in the agriculture industry with the aim of further expansion.
| Article Code : | VBS/AT/20231121/Z_5 |