National Paper Mills Corporation

The Industrial Restructuring Consultancy (Pvt) Ltd. (IRC) has agreed to assist few foreign companies to take over this Project for restructuring. Negotiations are underway with two parties, one from China and the other from India to restructure the above Project.

This Project is an assets based industry with valuable machinery which could be commissioned with minimal repairs.

The Chinese Investor who was very much interested in the Project visited Sri Lanka and went on a fact finding inspection tour to Embilipitiya and Valaichenai factories.
We met with the Finance Ministry Officials and an exchange of paper work between the Ministry and the  Investor was in progress but due to the prevalent political situation the interest on the part of the Chinese Investor started diminishing.

In the meantime, an Indian investor too made some enquiries but without success.  The Government is still awaiting bidders to restructure the sick enterprise before it is left with only the land.  At present there are some machinery that could be made good with minor repairs and made use of.

IRC (Pvt.) Ltd. is in the look out for a foreign investor to take over and turn around  this sick enterprise with its expertise and consultancy exercise (January 2018)

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