Sri Lanka’s largest and most advanced Polysack manufacturing facility opens
Sri Lanka’s largest and most advanced Polysack manufacturing facility opens
The Morning: Committed to uplifting Sri Lanka’s agricultural sector by enabling safer, higher-quality packaging, storage, and transport of agricultural produce, Ratna Polysack was founded decades ago as a visionary initiative by Mithrapala Lankeshwara, the Founder and Chairman of the Ratna Group of Companies.
Over the years, the company has grown into a creative and technologically capable local enterprise, rivalling global packaging technology. With innovation at its core, Ratna Polysack has continually enhanced the appearance, quality, and value of packaging in Sri Lanka.
Marking the dawn of a new era in agricultural packaging, Ratna Polysack recently unveiled its second and most advanced facility yet, in Polonnaruwa.
This newly opened facility is not only the largest of its kind in Sri Lanka, but also the most technologically advanced, featuring fully automated production lines and cutting-edge machinery. Ratna Polysack is certified under international quality standards, reinforcing its commitment to world-class packaging solutions.
The new factory spans over 200,000 square feet, making it a modern industrial complex designed to meet future demands. With its completion, more than 1,000 new direct job opportunities have been created, alongside over 2,500 indirect employment opportunities. This project is expected to significantly benefit the rural economy by enhancing the livelihoods of youth and empowering women in remote villages through inclusive employment.
According to the Ratna Group, this facility will positively impact thousands of families.
With a daily capacity of over 400,000 bags, including plain, printed, laminated, gravure-printed, and leno-type bags, this factory stands as the largest single-roof facility producing all such varieties in Sri Lanka.
Thousands of skilled personnel – including trained factory staff, technical engineers, design teams, lab technicians, and more – work around the clock to maintain seamless operations. Previously, certain specialized packaging formats were imported; now, thanks to this facility, they can be manufactured locally, reducing time, labour, and costs.
Moreover, producers now enjoy custom-designed, high-finish packaging that enhances product appeal. Free custom design services are also offered to support customer branding needs.
As an eco-friendly industrial zone, the new factory maintains zero waste discharge, with all materials fully recycled in-house. Its commitment to sustainability is further strengthened by the installation of a 2,000kv panel solar power system, positioning it as a model for future green-energy-powered manufacturing facilities.
OSL take:
The ongoing economic activities and overall expansion of the country’s economy have presented foreign businesses/investors with many new business/investment opportunities. Given that Sri Lanka is also working towards becoming a hub in the South Asian region, the increasing demand and expanding economic sectors have created openings for many lucrative ventures. Sri Lanka is also focused on expanding its existing facilities to meet the increasing local global demands as is evident by the latest setting up of a large-scale Polysack manufacturing facility. This is indicative of the growth potential in Sri Lanka’s industries sector, which has also shown a steady growth. Given the strong trade ties enjoyed by Sri Lanka with many foreign countries and the growing exports industry in the country, foreign businesses/investors on the lookout for lucrative business ventures in the region could explore the many business/investment opportunities in Sri Lanka’s industries sector. The country’s strategic positioning in the Indian Ocean adds to the advantages of setting up bases in Sri Lanka to engage with other foreign markets, especially in the region, using the preferential treatment enjoyed by Sri Lanka with neighboring countries. Foreign businesses/investors could therefore explore the expanding opportunities in Sri Lanka’s industries sector while also looking at expanding operations through local collaborations.
| Article Code : | VBS/AT/20250620/Z_2 |