South Asia update — Sri Lanka

Waiting and watching

Industry and consequently the packaging industry in Sri Lanka seem to be passing through a lull. It is difficult to say when the lull began since many of the leading companies prefer to locate it in the past few quarters and they speak of recent months as intermittently good and bad — the trend is not yet firmly established. Naresh Khanna reports.

July 03, 2009

On the whole the Sri Lankan converters are cautious — for instance one is happy about large investments made two years ago that were hugely successful but also glad about not going forward with a repeat investment. They are content to work with a balance of new technology and old machines until the economy turns around. Some larger packaging companies speak of putting off investment for another couple of years. There is also some speculation as to what the impending IMF infusion of more than US$ 1.9 billion will do to the economy and currency valuation.
...cont´d

Want to Read More? Try a Premium Membership. Please Login


Post Comment >>

Ads by Google