SRI LANKA: Leading companies show interest in buying Kabool Lanka Textile Mills

COLOMBO: Leading companies from United Kingdom, India, Pakistan and Sri Lanka have shown interest in buying Kabool Lanka Textile Mills Limited, which has been closed for the past two years.

According to an official of the Bank of Ceylon, which has called for invitations for the outright sale of the textile manufacturing plant in Thulhiriya, the response was very good and positive.

Ownership of the Kabool Textile Mill was taken over by Bank of Ceylon and Hatton National Bank for which the former Kabool management owed money. Since they could not settle their debt, the Korean Company abandoned the plant.

"However the Government owned textile mills machinery in the plant can be still be used after servicing," the Bank official said.

The Treasury subsequently paid salaries of the 3500 employees. The two banks are expected to finalise the sale soon. The plant comprising of spinning weaving, dyeing, printing and finishing machinery is powered by four - Wartsila diesel generators producing 11.2 mega watts.

Other facilities available are a fresh water treatment plant, oil and fuel storage tanks, mechanical and electrical workshops.

The housing complex consists of 112 units for the staff. A three storeyed modern training centre with a capacity for 300 trainees and up to date auditorium with Audio and Video facilities are in place. A single storeyed holiday bugalalow has been provided with all amenities A nine hole golf course with a club house is also available for recreation.

Send your News/Releases for publication to [email protected]
Added: September 21, 2005 Source: Agencies
Start script - 1513026647.2581 Start news id check - 1513026647.2581 After news id check - 1513026647.2585 After cookie_code - 1513026647.7066 Before news detail - 1513026647.7067 After news detail - 1513026647.7076 Start cat select - 1513026647.7076 After cat select - 1513026647.7078 before preg replace - 1513026647.7078 After preg replace - 1513026647.7079 Before tag engine - 1513026647.7079 After tag engine - 1513026647.7117 Before mptt engine - 1513026647.7117 After mptt engine - 1513026647.7117 Before related engine - 1513026647.7117 After related engine - 1513026647.7144 Before update hits - 1513026647.7144 After update hits - 1513026647.7146 After update news_hits - 1513026647.7151 After mem_only_views - 1513026647.7151 -------------------------------------------------- Total Exec time:- 0.45710015296936
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2017. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 11-12-2017