📈 JAT Holdings Boosts Binder Production Capacity by 76%
• Manufacturing Expansion: JAT Holdings PLC has successfully commissioned the second phase of its binder manufacturing plant in Sri Lanka. The facility is now fully operational, delivering a 76% increase in production capacity. • Sector Impact: This expansion shifts focus from primarily exterior wood coatings to the interior wood coating segment, broadening the Group’s manufacturing footprint across its decorative and industrial portfolios. • Economic Resilience: Increased local production reduces dependency on imported raw materials, mitigating risks from global freight volatility, energy costs, and foreign exchange fluctuations. This backward integration enhances cost predictability and margin resilience. • Strategic Footprint: The move consolidates JAT’s position as a Sri Lankan multinational, complementing its Alkyd Resin plant in Bangladesh. The expansion supports both domestic supply and the Group’s growing international presence. • Sustainability & Efficiency: The upgraded facility incorporates process enhancements to improve consistency and reduce the environmental impact associated with the long-distance transport of intermediates.