BPPL Holdings PLC, one of Southeast Asia’s largest brush manufacturers and Sri Lanka’s pioneer in recycled plastic products, announced this week that it achieved “impressive” improvements in all key financial indicators in the 2020-21 fiscal year, while strongly positioning the company for its next phase of growth.
BPPL, a leader in sustainable business, saw great performance from its wholly-owned subsidiaries, which creates export revenues for the economy while tackling one of Sri Lanka’s essential concerns, plastic waste disposal. According to a press release, these subsidiaries include Eco Spindles (Pvt.) Ltd. (a leading manufacturer of polyester yarn and monofilaments utilising recycled plastics) and Beira Brush (Pvt.) Ltd. (one of Southeast Asia’s top manufacturers and exporters of professional and household cleaning tools).
BPPL commenced the second phase of its expansion of yarn production, to set-up a second plant with 20 percent greater production capacity than the current facility. The additional capacity will be used to fulfil demand from existing clients, consisting of global sports and leisurewear brands. The group reduced its exposure to the US, its key export market, while expanding its overall exports.