Ceylon Pencil Co. to set up R & D laboratory

Ceylon Pencil Co (Pvt) Ltd signed an MoU with the University of Moratuwa recently to set up a research and development laboratory.

"The project is one of the first research and development laboratories in Sri Lanka in the stationery industry," a spokesman for the company said.

Chief Executive Officer, Atlas, Nirmal Madanayake and Vice Chancellor, Prof. Ananda Jayawardene of the University of Moratuwa signed the MoU.

The research and development laboratory to be set up in the university will conduct research on many aspects including research on new innovations, increasing the quality of existing products to add more commercial value, work study on the production cycle to reduce cost and increase quality, development of innovative production processes, identifying office stationery requirements, energy efficiency and conservation and adding market value to new products.

Director Operations, Ceylon Pencils, Viraj Jayasooriya said, "Atlas is an organisation that changed the industry with many innovative products in the stationery market. Its production facility meets every requirement of the stationery industry."