03rd February 2012, www.lankabusinessonline.com
Sri Lanka's Chemanex said its Chemcel subsidiary has had a soft opening of its carboxy methyl starch extrusion plant on January 28, 2012.
The plant, built at a cost of 350 million rupees, is located in the Mirigama export processing zone, north of the capital Colombo, it said in a stock exchange filing.
The construction of the second phase of the plant will start soon at an estimated cost of 750 million rupees funded mainly by its overseas partners, it said.
Carboxy methyl starch is used in several fields including oil well drilling, textile printing, ceramics and corrugated paper.
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