Singer invests Rs. 630 m to expand local manufacturing

Thursday, 30 April 2026 00:04 - - {{hitsCtrl.values.hits}}

Acquires ACME premises

Hayleys Group company Singer (Sri Lanka) PLC yesterday said it has entered into an agreement to acquire a factory property in Piliyandala for Rs. 630 million, as part of its plans to expand domestic manufacturing operations.

The company said it executed a Sale and Purchase Agreement with ACME Printing and Packaging PLC on 28 April 2026 to purchase the premises.

The property, which currently serves as a factory of ACME Printing and Packaging PLC, is being acquired for the purpose of strengthening Singer Sri Lanka’s local manufacturing footprint.

Singer’s share price closed 80 cents down yesterday at Rs. 86.10.