LBO reported that Sri Lanka's biggest rebar maker Ceylon Heavy Industries and Construction Co has been taken over from South Korea's Doosan group by an overseas based Sri Lankan firm.
A government statement said that Onyx Heavy Industries Company, a Sri Lankan owned company in Sharjah, has taken over 93.75% shares of the steel manufacturer.
It quoted chairman of Onyx Heavy Industries and its current proprietor, Mr Nandana Jayadeva Lokuwithana, as saying they will invest USD 65 million in the steel plant.
Mr Lokuwithana was also quoted as saying that he was attracted to make the investment by the end of the ethnic war.
CHICO rebar is sold under the Lanwa brand and the plant had been owned by Doosan since 1996.
(Sourced from www.steelguru.com)
Monday, September 28, 2009
Sharjah based Onyx Heavy Industries buys CHICO from Doosan
0 comments:
Post a Comment