2nd Week of October 2022 - Yaden opens 15m $ pharmaceutical manufacturing plant, 25000 MT of Urea under World Bank funds

Yaden Laboratories (PVT) Ltd which is a subsidiary of Yaden International (PVT) Ltd opened its newest pharmaceutical manufacturing facility at BOI zone Katunayaka with an investment of 15 million USD. The company claims their liquid sterile pharma manufacturing facility to be a first-of-its-kind in Sri Lanka and believes it could take the local pharmaceutical manufacturing industry to new vistas.

SL to import 25000 MT of urea for Maha Season
Minister for Agriculture, Mr. Mahinda Amaraweera said the tender to import 25000 MT (metric tons) of urea for maha cultivation season will be submitted to Cabinet today (10/10/2022). The fertilizer lot is set to be imported under world bank assistance.

Urea is an essential chemical fertilizer and Sri Lanka had a large-scale Urea manufacturing plant operating a few decades ago. Due to many reasons, it is not anymore. Techno-economic analysis of the failure of that plant can be found as follows.