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Laugfs mulls expanding presence to Myanmar, Maldives – Daily Mirror

Sri Lanka’s only private sector liquid petroleum gas (LPG) supplier, Laugfs Holdings PLC, is currently planning to expand its operations to Myanmar and the Maldives, while its US$ 100 million expansion plan in Bangladesh is also progressing the group’s Chairman said recently.
“In Myanmar we’re going for LPG. It’s still under discussions. In the Maldives we’re looking at supplying lubricants. That is also under discussion,” W. H. K Wegapitiya said at the re-launch of the Laugfs Gas and lubricant brands.

Laugfs has a thriving LPG business in Sri Lanka which was started in 1998, while it is lubricant business, which began in 2008, started local manufacturing and research and development in 2015 with a Rs.600 million facility that could manufacture 18 million litres of lubricant on a single shift basis per annum.

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Source URL: Google News

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