SL to get five organic fertilizer plantswith Rs. 12.8 bn Polish investment | Daily News
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SL to get five organic fertilizer plantswith Rs. 12.8 bn Polish investment

President RPF Hubert Drabik, State Minister of Agriculture Shasheendra Rajapaksa, Chairman CCFL, Methsiri Wijegunawardana and other officials after signing the MoU. Pictures by Saliya Ruapsinge
President RPF Hubert Drabik, State Minister of Agriculture Shasheendra Rajapaksa, Chairman CCFL, Methsiri Wijegunawardana and other officials after signing the MoU. Pictures by Saliya Ruapsinge

Colombo Commercial Fertilizers Ltd. entered into a MoU with Polish venture capital firm Regina Purpurea Fundus to establish preliminary parameters to form a joint venture to build 5 organic fertilizer manufacturing plants in Sri Lanka on a BOT model for 20 years. The total investment would be Rs. 12. 8 billion.

Polish entrepreneur, Founder and President of the Board of Regina Purpurea Fundus (RPF) Hubert Drabik said that they will initially do R&D for suitable models for organic fertilizer in three months and then commence building the five factories. RPF was established in 2004 as a family foundation with a mission to support entrepreneurs across municipal and social economy as well as commercial business development and this is their second overseas investment after Vietnam.

He also said that there is an increased market and higher price for organic fruit and vegetables not only in Poland but in the EU as well. “In Poland too organic fertilizer use is picking up and it’s at 30% level. WE also congratulate the Sri Lankan government for the far taking steps taken towards shifting to organic fertilizer which is very timely and productive.”

The operation will be strategically spread out across four plants in Trincomalee, Monaragala, Anuradhapura (two) and Hunupitiya, supported by a state-of-the-art testing and certifying laboratory, and will contractually produce an annual capacity of 200,000 metric tons of organic fertilizer for Colombo Commercial Fertilizers Ltd (CCFL) on an exclusive basis. State Minister of Agriculture Shasheendra Rajapaksa said that the shift to organic fertilizer was not taken in hurry but was done after a lot of studies and discussions. “A unique feature of this operation is that 100% of raw material for the operation would be sourced locally.”

The second feature of this is that they will manufacture organic fertilizer to suit paddy, tea and all other segments of agriculture.

He also said that the MoU sets in motion key strategic actions in the agriculture development policy of the country’s National Policy Framework (NPF) – ‘Vistas of Prosperity and Splendour’ – which calls for the sector’s steady transition into organic fertilizer produced domestically.

“Colombo Commercial Fertilizers Ltd a state owned organization anchored to a 150-year legacy of quality and excellence will be purchasing these fertilisers for 20 years and then would start producing them,” said Chairman of Colombo Commercial Fertilizers Ltd., (SSFL) Methsiri Wijegunawardana. The organic waste input for production will be provided by CCFL.


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