Australian company to manage Embilipitiya paper mill
Perth Engineering and Maintenance, an Australian company, has been
appointed to manage the Embilipitiya paper factory under the
Government's program of restructuring and rehabilitating unprofitable
State ventures, said State Resources and Enterprise Development Ministry
Secretary, Dr. Willy Gamage.
The Secretary said Government will not privatise State assets. The
Embilipitiya paper mill is a State - owned venture. The Australian
company will abide by the conditions laid down by the Government, the
The Australian company is tasked with making the paper mill a
The company, selected through international bidding, has paid Rs. 800
million to the Government for the management and operational rights of
the paper mill, he said.
The Secretary said the mill remained closed since 2003. Despite the
paper mill remaining non-operational, the Government had spent around
Rs. 4.3 million annually to pay employees' salaries.