Logistics

Jan 12, 2011 (LBO) - Sri Lanka's Maxim Holdings (Pvt) Ltd, will build a 700 million rupee warehouse complex with a packing plant for its own use and for lease to other tea exporters, an official said. The firm, connected Sri Lanka's Moslanka Investment (Pvt) Ltd, will build a 70,000 square feet warehouse complex in Mulleriyawa, just outside Colombo.
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The factory is expected to begin construction in three months, chairman Saman Weerasinghe said.

The firm signed an agreement with the Sri Lanka's Board of Investment on Thursday.
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Weerasinghe said he was already exporting tea to a number of countries including Russia and China.

The firm was also negotiating with third parties to lease out a part of the warehouse to cargo forwarding.