Monday Jan 12, 2026
Monday Jan 12, 2026
Monday, 12 January 2026 03:41 - - {{hitsCtrl.values.hits}}
Ceylon Grain Elevators PLC is investing Rs. 3 billion to double poultry processing capacity at plant in Seeduwa, signalling a further push into higher value-added food production.
The company said its Board of Directors has approved a strategic investment to expand a chicken processing facility located in Seeduwa. The project, approved on Friday (9), involves expanding a state-of-the-art processing plant together with related facilities.
The expansion is expected to double processing capacity, increase the share of value-added products, and improve production speed, consistency, and quality through advanced automation technologies.
The company said the project is also aimed at improving yield efficiencies through precision processing and waste minimisation, while reducing overhead costs through higher automation, improved energy efficiency, and more streamlined use of resources.
Ceylon Grain Elevators PLC said the investment aligns with its long-term growth strategy, with a focus on innovation, operational excellence, and sustainable value creation. The company believes the expansion will strengthen its market position and deliver positive outcomes for stakeholders.
The proposed investment remains subject to approvals from the Board of Investment and other relevant Government authorities.
Ceylon Grain Elevators is one of Sri Lanka’s largest agribusiness companies, with operations spanning animal feed, poultry, and consumer food products.
The company’s shares closed Friday Rs. 2.50 on the up at Rs. 492.75.
It reported a net asset value per share of Rs. 229.35 as at end-September 2025, with retained earnings at Rs. 12.7 billion. Prima Ltd., Singapore was the top shareholder with a 45.45% stake, followed by the Employees’ Provident Fund 8.92% and Supra Ltd., Hong Kong with 8.63%.
