Sri Lankan glassmaker, Ceylon Glass, expects to complete the construction of a production plant in Horana late December more than doubling its current production capacity for coloured bottles of different shapes. The company company has invested Rs 3.7BN in the new plant. Meanwhile, the company's performance in the second quarter ending 30 September revealed growth of 20% in sales. Profit after tax in the second quarter displayed growth of 20% against the corresponding quarter of the previous year. Continuous growth in export sales may partly explain such increases. "Coloured wine and liquor bottle sales to India have contributed to this achievement," said MD & President of the firm, Sanjay Tiwari. "It is encouraging to note that export growth in the first half is more than 290%, compared to 108% during the corresponding period last year."
