Sunshine Holdings achieves remarkable turnaround

Sunshine Holdings has achieved a remarkable turnaround in its metal packaging business in the last 18 months since its acquisition through DFCC.

Sunshine Packaging Limited (SPL), formerly Metal Packaging Limited was a pioneer in the Rs. 650 million metal packaging industry. Equipped with customised packaging machinery, SPL offers a wide variety of packaging solutions, supplying the total FMCG industry's requirements in metal-based packaging. A significant part of its growth has been the supply of tea caddies for export orders for the local tea industry for clients such as Ahmed Tea, Tetley UK and Rabea, Saudi Arabia.

Sunshine Packaging, a subsidiary of Sunshine Holdings Limited is a diversified conglomerate with 15,000 employees and strategic business holdings in branded tea, packaging, plantations, health care and tourism. The group is listed on the Colombo Stock Exchange (CSE) with a revenue of Rs. 5.9 Billion for the financial year ending March 2007.

The local metal packaging industry caters to approximately 50% of the total demand while the rest is imported as finished or semi-finished cans from China. Director Operations Anandh Vaithylingam said this was an untapped opportunity for the Sri Lankan industry and SPL is looking to grasp this opportunity with a series of innovations designed to increase capacity and efficiency as its manufacturing units.

"We offer our customers unmatched printing quality because we use the best food lacquers imported from Belgium. By further increasing the range of inks we can provide far superior products than those imported today," he said.