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Sri Lanka: Pelwatte, Sevanagala sugar mills reel under crisis due to mismanagement - ChiniMandi
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Sri Lanka: Pelwatte, Sevanagala sugar mills reel under crisis due to mismanagement - ChiniMandi
Sri Lanka’s sugar industry is grappling with one of its worst-ever financial crises, with several major factories on the brink of closure due to poor sales of sugar and ethanol, reported Daily Mirror. The Pelwatta and Sevenagala sugar factories, managed by Lanka Sugar Company (Pvt) Ltd, and the privately operated Ethimale Sugar Factory in Siyambalanduwa are facing severe operational challenges. The Hingurana Sugar Factory, run as a semi-governme…
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