Sri Lanka's "Daily Mirror" reported on August 26 that Australian United Petroleum plans to invest in Sri Lanka to establish a food manufacturing company to produce a pieria and other conveniences of the Australian iconic brand of "PIE FACE", the "PIE FACE",food.

The Director and CEO of Plabas Samarasinha, Director and CEO of UPL Sri Lanka (UPL), said the project is likely to be completed in the first quarter of 2025.Surat Wealth Management

The site selection of the proposed food manufacturer has not been finalized, but Samarasinha said that the plant will be located in BOI, because the company plans to export 80%of products to India, Malaysia, Singapore, South Africa, and the Middle East.In order to reduce the high logistics costs from Australia to Europe and Asia, UPL will move its factory in Australia to Sri Lanka.Once it is put into operation, the factory is expected to produce 15,000 units per minute and other convenient foods.Jaipur Wealth Management

In addition, UPL is also expected to invest a large amount of funds to establish 50 new gas stations in Sri Lanka as a hybrid development project.Samarasinha pointed out that more than 70 properties have been determined to establish new gas stations, and it is planned to transform all it into a comprehensive convenience center, which may also include real estate development such as apartments, gourmet and entertainment areas.