The Valaichchenai Paper Mill has restarted operations, according to Minister of Industry and Entrepreneurship Development Sunil Handunneththi.
The mill resumed work after repairing its idle machines, the minister announced on his official social media accounts.
Minister Sunil Handunneththi’s Social Media announcement on Valaichchenai Paper Mill resumes Operations
In February last Year, the Parliamentary Sectoral Oversight Committee on National Economic and Physical Plans explored options to revive the mill as a public-private joint venture, rejecting proposals to shut it down.
The factory, which was established in 1956, required $1.2 million in repairs. Experts projected that with these repairs, the mill could produce 5 tons of paper daily, generating a monthly profit of Rs. 22 million.
