BOI agreement with Rocell Ceramics

The Board of Investment (BOI) signed an agreement with Rocell Ceramics Ltd this week to set up a plant to manufacture porcelain tiles for the local and export market.

Channa Palansuriya and Eshan De Silva (BOI board members) signed the agreement on behalf of the BOI while Nimal Perera (Managing Director) and Tharaka Thoradeniya (Director, Marketing and Business Development) represented Rocell Ceramics.

BOI Chairman Dhammika Perera, who is normally present and signs these agreements, was absent probably because he is also the deputy chairman of Rocell Ceremics.

The manufacturing plant is an investment of US $ 13 million with commercial production expected to start by 2010.