Leo Capital Group’s subsidiary Lizbury Confectionaries (Pvt) Ltd, will invest Rs. 500 million to modernise its plant and also to install a coco processor at its premises in Balagolla, Kandy. Founder and Group Chairman, Leo Capital Rajgopal Ravindra Subagaran told Sunday Observer Business that he would be tying up with investors from the UAE and China for this project.
Founded in 2009, the Leo Capital Group has its roots in civil engineering. Since the launch of its first company Lizlee Builders and Civil Engineers the company set out on a path of consistent growth solidly anchored by its commitment to quality and excellence.
The Leo Capital Group then diversified its business interests into several industries including construction, roofing, import and export, and confectionery in 2016.
“We see a growing demand for coco based products and hope to export locally value added coco to the African market. For the first time we hope to manufacture coco wine and also cocoa butter and all of them would be exported. “We will have engaged in confectionery exports to the Middle East and other countries under the brand name Lizbury. We also hope to include white chocolate for our export catalogue,” he said. What is unique in these chocolate exports would be that they would be handmade, ornamental chocolate range which has a high value in the niche market.
He said that they are very strong in the steel fabrication sector and has a regional office in Dubai. “We hope to open a special marketing section here to promote our Coco and confectionery product line to the Gulf countries and also to Africa.” Maintaining quality is one of our priorities and to meet this high standard we have obtained ISO 9001, 22,000, 14,000 and 45,000 for our confectionery range.