AB Mauri Lanka to invest 450 mn to improve plant | Daily News

AB Mauri Lanka to invest 450 mn to improve plant

Surajdeen Seiyad

Associated British Foods will invest US$ 3 million in their fully owned subsidiary AB Mauri Lanka in a move that reinforces the confidence placed by global conglomerates in Sri Lanka.

The investment comes at a time when the market is expected to grow, instilling confidence in the Sri Lankan subsidiary, AB Mauri Lanka Director and Country General Manager Surajdeen Seiyad said.

“Improving living standards while recognizing broader market opportunities augur well for the county while Sri Lankan customers can look forward to greater benefits from our range of products”, he adds.

Associated British Foods, the parent company of AB Mauri Lanka is a world leader in both yeast and bakery ingredient production.

With a strong market presence for over 30 years, AB Mauri Lanka has consistently contributed towards the up skilling of baking professionals while empowering the sector with outstanding know-how.

Surajdeen says that the respective country specific businesses are clearly focused on local markets with scope for identifying opportunities and investing in such opportunities. “ Backed by global expertise in bakery products, technologies and know-how, our innovative combination of local knowledge and global expertise gives our customers the awareness to meet local needs with world class bakery solutions developed by industry experts with exact needs in mind.” He reiterates.

AB Mauri Lanka has been empowering the growing bakery sector in Sri Lanka; from the small neighbourhood bakeries to the big time operators and well known names.

The bakery expertise they have provided the industry has resulted in the upgrading of bakery standards and quality levels, which in return have propelled the industry to greater heights. Taking the yeast business further, AB Mauri also reaches sectors such as bioethanol, alcoholic beverages, pharmaceutical and animal nutrition, thus creating a wider reach within the country’s industrial sphere.

AB Mauri is a devolved business of Associated British Foods Plc (ABF) and is based in London, England. ABF, a diversified group of businesses with operations in 48 countries and has 124,000 employees.

 


 

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