Macksons Minerals & Polymers (Pvt) Ltd, a subsidiary of Macksons Holdings, has signed an agreement with the Board of Investment (BOI) valued at U$ 17 million to construct a state-of-the-art processing plant, to enhance the value of locally sourced minerals.
The facility will produce ultra-fine ground calcium carbonate (GCC) and dolomite powders, as well as solvent-based resins and water-based binders. These products will cater to a variety of industries, including coatings, ceramicware, building materials, and other allied industries.
The proposed manufacturing plant, spanning a 15-acre site in Milleniya, Paragasthota, will feature three dedicated production lines to ensure the efficient production of these high-quality materials.
As a Board of Investment (BoI) venture, the project aims to serve both the local market and the indirect export sector.
This initiative aims to reduce foreign exchange outflow from the country and foster sustainable industrial growth by reducing reliance on imports.
Macksons Minerals & Polymers (Pvt) Ltd, a subsidiary of Macksons Holdings, has signed an agreement valued at U$ 17 million with the Board of Investment (BOI).
The company is initiating an ambitious program to construct a state-of-the-art processing plant, with the aim of enhancing the value of locally sourced minerals.
