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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka’s Lanka Ceramics diversifies into quartz, palm oil

Sri Lanka’s Lanka Ceramics diversifies into quartz, palm oil

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Harry82

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ECONOMYNEXT - Lanka Ceramics Group plans to diversify into quartz manufacturing for the ceramic tile industry, as well as into palm oil, Chairman Dhammika Perera has said.

The group, which includes tile factories, plantations and packaging, is committed to expanding its customer base further by including a wider range of ceramic product supplies, he told shareholders in the firm’s annual report.

Lanka Ceramic, the mining arm of the group, also intends to improve production capacity and the quality of its plants and quarries through investment in new technology and clay mining lands. 

“We have embarked on the diversification of our product portfolio with a foray into quartz manufacturing for the ceramic tile industry,” Perera said.

Lanka Ceramic is also supplying crushed and powdered dolomite to the manufacturing industry as raw material and mineral fertilizer for the plantation sector, he said. 

The group will also increase manufacturing capacity in tile and aluminium production. 

“Our plans for the plantation business consist of diversification into other crops such as palm oil, while improving productivity,” Perera said.

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