Double win in exports for Piramal Glass Ceylon in FY18

Thursday, 25 October 2018 00:00 - - {{hitsCtrl.values.hits}}

Piramal Glass Ceylon PLC (PGC) were presented with a ‘double win’ for its achievements during 2018 in the export arena.

At the 26th Annual Export awards 2018, conducted by the National Chamber of Exporters of Sri Lanka (NCE), PGC became the Gold award winner in the Extra Large category in Minerals and Mineral-Based Products sector.

At the Presidential Export Awards 2017/18, organised by the Sri Lanka Export Development Board (EDB), PGC also received the award for Highest Foreign Exchange Earner – Ceramics, Porcelain and Glass-Based Products.

PGC has grown rapidly in the export market over the past two years. The company has spread its wings and gained a firm foothold in over 20 countries worldwide with Canada, USA, India, Australia and Myanmar taking the lead. The dominant export categories are the liquor and the food and beverage sectors.

The capacity enhancement done in 2016 with investment in improved technology has facilitated the growth in international markets. PGC, with its state-of-the-art plant at Wagawatte, Horana, has capacity to produce up to 300 MT of glass each day. The investment planned by the company to commission an additional production line will enable the company to ensure close to 100% capacity utilisation.

PGC, whilst supplying the requirements of the domestic customers, plays a major role in the Forex earnings of the country by exporting over 5,000 TEU’s worldwide. Some of PGC’s major international customers are Diageo, Bacardi, Coca-Cola, and Clearly Canadian.

PGC has been in the business of glass production for over 60 years. PGC sources a major portion of its raw materials locally and does a 70% value addition to its product. PGC pioneered the technology of coloured bottles in Asia, and has thus far developed over 15 shades of glass colours.

With the present slowdown in the domestic market, PGC is focusing more on the export market and is striving to reach more countries worldwide.