Singer Sri Lanka invests Rs. 630 million to expand local manufacturing
Daily FT: Hayleys Group company Singer (Sri Lanka) PLC yesterday said it has entered into an agreement to acquire a factory property in Piliyandala for Rs. 630 million, as part of its plans to expand domestic manufacturing operations.
The company said it executed a Sale and Purchase Agreement with ACME Printing and Packaging PLC on 28 April 2026 to purchase the premises.
The property, which currently serves as a factory of ACME Printing and Packaging PLC, is being acquired for the purpose of strengthening Singer Sri Lanka’s local manufacturing footprint.
Singer’s share price closed 80 cents down yesterday at Rs. 86.10.
OSL take:
Sri Lanka’s ongoing economic activity and private sector expansion are creating a growing range of business/investment opportunities for foreign businesses/investors. The recent move by Singer Sri Lanka, a member of the Hayleys Group, to acquire a factory property in Piliyandala for the expansion of domestic manufacturing operations reflects the increasing confidence within the country’s corporate sector and the broader potential of Sri Lanka’s industrial landscape. As local companies continue to invest in manufacturing, production capacity, and operational expansion, foreign businesses/investors can explore opportunities across sectors such as manufacturing, industrial development, consumer goods, logistics, technology, infrastructure, and value-added exports. The steady growth of the private sector also highlights rising domestic demand, improving business confidence, and the country’s potential as a regional production and distribution hub. Also, Sri Lanka’s strategic location, skilled workforce, and expanding industrial ecosystem provide attractive prospects for foreign direct investment, joint ventures, technology partnerships, and supply chain integration. Businesses/investors entering the market can benefit from the country’s evolving economic environment and the increasing momentum of private sector-led growth.
| Article Code : | VBS/AT/20260507/Z_3 |