World's largest
flour mill from Prima
Prima
Ceylon Ltd (PCL), which last week marked 25 years of successful
operations in Sri Lanka, has established itself as a major food
group offering a wide range of quality products and providing direct
and indirect employment to thousands of people.
A company statement
said Prima's initial investment in Sri Lanka was US $ 54 million
- building the world's largest flour mill under one roof in Trincomalee
within 32 months and opening in November 1980.
The cumulative
investment by the Prima group during the past 25 years is estimated
at $ 231 million, making it the biggest foreign investment project
in Sri Lanka todate.
The single mill concept with large economies of scale was a key
factor for PCL's success in providing an economically produced flour
for the Sri Lanka government. Under this operating concept Sri Lanka
was able to benefit from "government-to-government" wheat
aid of more than $ 800 million as well.
Prima diversified
into the feed business in 1982 by setting up a modern feed processing
plant by incorporating Ceylon Grain Elevators, then expanded to
a state of the art noodles and poultry food processing plant. The
company's commitment to Sri Lanka was further cemented in April
2001 when PCL was converted from a BOT to a Build, Own and Operate
(BOO) agreement which saw a further investment of $ 65 million.
"The expansion
of Prima Group activities has provided valuable employment to over
3,000 persons directly while its activities are supporting the income
of thousands of more people, especially in the rural sector,"
the statement said adding that Prima also offers scholarships to
needy children of employees to further their higher education.
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