SRI LANKA PAINT AND COATINGS SECTOR SLOWING DOWN AFTER DECADES OF GROWTH
October 1st, 2014
GROWTH in Sri Lanka’s paints and coatings sector is slowing down after years of rapid growth following the end of the civil war in May 2009. Producers are now facing greater competition and introducing innovations to attract new consumers.Ruwan Weerasinghe, the secretary of the Paint Manufacturers Association of Sri Lanka, and director of Lankem Ceylon, which sells the popular paint brand Robbialac, said his company registered a 20% year-on-year growth after the war. Its turnover doubled in three-and-a-half-years. “But in the last two years, we have not seen ...
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