Tuesday May 13, 2025
Tuesday May 13, 2025
Thursday, 21 February 2013 00:54 - - {{hitsCtrl.values.hits}}
AgStar Fertilizers Plc is entering the rice industry with an investment of Rs. 41.7 million investments.
The company has acquired a 51% stake in Mahaweli Rice Processing Industries Ltd., which is a Dehiattakandiya-based venture involved in processing and distribution of rice.
The diversification into rice processing comes hot on the heels of AgStar in December acquiring a factory complex in Ekala, Ja-Ela of nine acres with over 150,000 square feet of factory warehouse for Rs. 400 million to relocate its fertiliser operations from Peliyagoda.
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