Sri Lanka’s Browns unveils new expansion strategy
The Morning: In keeping with its vision to consistently evolve and address accelerated business growth needs, Brown & Company PLC recently unveiled its new state-of-the-art manufacturing and warehouse facility in Katunayake.
Strategically located within minutes of the Bandaranaike International Airport and the nation’s rapidly evolving highway network, the space is positioned to significantly enhance Browns’ logistical capabilities.
The hub will enable seamless access to key markets across the island, further solidifying the Company’s principal role in a cross-section of industries.
The inaugural event of the Browns Group Industrial Park was attended by Ishara Nanayakkara, Chairman, Brown & Company PLC and Deputy Chairman, LOLC Holdings PLC and Kapila Jayawardene, Group Managing Director/CEO, LOLC Holdings PLC along with key officials from the Browns and LOLC Group.
Spanning an impressive 200,000 square feet across eight acres of land, the hub is sited to evolve into the backbone of Browns’ operations. Designed to increase productivity, streamline processes and optimise supply chain management, the infrastructure exemplifies the Company’s commitment to delivering excellence across all its processes.
The establishment of the warehouse will undoubtedly ensure quick delivery times, improved product availability, enhanced quality control, increased cost efficiency and superior customer service.
“The new Browns Group Industrial Park is a shining testament to Browns’ enduring heritage of trust, resilience and innovation, ensuring we are positioned to strengthen our supply chain management and manufacturing capabilities while enhancing distribution capacity and service efficiency.
We are pleased to align this key milestone in the Company’s 150th year,” said Thamotharampillai Sanakan, Director/CEO, Brown & Company PLC.
OSL take:
Sri Lanka’s economic resilience, strength and growth could all be seen in the many expansion programmes undertaken by local businesses. The resilience of the country’s economy shown during the economic crisis in 2022 and even in the past all serve to boost confidence in Sri Lanka where foreign businesses/investors are concerned. The growth, profits and local and overseas expansions of many Sri Lankan businesses at present are indicative of the growth and business potential in Sri Lanka. With the country’s ongoing economic activities creating a host of business/investment opportunities, foreign businesses/investors could confidently explore these opportunities while also looking at the possibility of forming partnerships or joint ventures with local businesses in their local and overseas expansion programmes. Given that Sri Lanka is on the path to becoming a hub in the South Asian region supported by the country’s geographical positioning in the Indian Ocean and the strong trade ties enjoyed with many foreign countries, Sri Lanka presents the ideal business/investment destination for foreign businesses/investors on the lookout for opportunities in the South Asian region.
| Article Code : | VBS/AT/20250418/Z_9 |