ඇඹිලිපිටිය කඩාදාසි පැට්ටේරි ගැන කියන කතා
Hot on the heels of the enactment of a new law to acquire underperforming and underused assets, the government today leased out the Embilipitiya Paper Corporation to an Australian company on a 30 year-period under the government’s plan to restructure some state enterprises, a Minister said today.
The employees of the paper mill will be laid off on a voluntary retirement scheme after being compensated, he said adding that 51 per cent of the corporation’s shares would remain with the state.
State Enterprise Development Minister Anton Dayasritha Tissera told the Daily Mirror that a committee appointed six months ago decided to call for bids from prospective investors to resume the operation of the paper mill that remained closed for years. The Minister said there were twelve investors short-listed among the bidders and this Australian company was finally selected.
He said the company had already paid Rs.400 million out of the total lease amount Rs.600 million, and the remaining Rs.200 million would be paid later.
“The company has allocated Rs.203 million to pay compensation to the employees.They will start manufacturing paper by April, next year,” he said. (Kelum Bandara)
Sorce: DM
Embilipitiya Paper Mill has resumed operations under the National Industrial Re-awakening Programme of the Government.
According to the State Resources and Enterprise Development Ministry, Perth Engineering and Maintenance (WA) (Pvt) Ltd. of Australia was granted the management contract of the mill.
According to the State Resources and Enterprise Development Ministry, Perth Engineering and Maintenance (WA) (Pvt) Ltd. of Australia was granted the management contract of the mill.
Around 250 metric tonnes of paper will be produced daily and 350 direct employment opportunities will be created under the new management, said Secretary of State Resources and Enterprise Development Ministry Dr. W.W. Gamage.
The Embilipitiya Paper Mill was first set up in 1978. The mill was closed in 2003 and factory assets worth millions of rupees were sold to settle the workers’ dues.
The mill resumed operations in 2008 with a capital investment of Rs. 35 million as envisioned in the ‘Mahinda Chinthana’ to make State resources productive.
However, due to the poor quality of the machinery and the high cost of re-investing in machinery the plant was compelled to close again in 2010. Despite its closure, the Government continued to pay staff salaries amounting to Rs. 4.3 million monthly until last November.
Over Rs. 350 million was paid as compensation to 171 former employees at a ceremony at the Sri Lanka Foundation Institute, last week.
(www.info.gov.lk)
The Embilipitiya Paper Mill was first set up in 1978. The mill was closed in 2003 and factory assets worth millions of rupees were sold to settle the workers’ dues.
The mill resumed operations in 2008 with a capital investment of Rs. 35 million as envisioned in the ‘Mahinda Chinthana’ to make State resources productive.
However, due to the poor quality of the machinery and the high cost of re-investing in machinery the plant was compelled to close again in 2010. Despite its closure, the Government continued to pay staff salaries amounting to Rs. 4.3 million monthly until last November.
Over Rs. 350 million was paid as compensation to 171 former employees at a ceremony at the Sri Lanka Foundation Institute, last week.
(www.info.gov.lk)
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