Richard Pieris Chairman Dr Yaddehige reveals his plans for 2018

At a recent media briefing, Richard Pieris & Company PLC Chairman Dr Sena Yaddehige stated that the conglomerate plans to invest in several unique projects in the next three years. Included among these projects is the manufacturing of electric cars, lithium batteries and Oud perfume in Sri Lanka. Richard Pieris & Company PLC plans to invest between Rs 15 to 20 billion in these projects.

The afore mentioned lithium battery factory also complements Dr Yaddehige’s plans to introduce the four- door electric car in Sri Lanka. An 80 acre plot of land has already been purchased in line with his vision, where the factory will one day stand.

The company will also convert 68% of its plantations to grow wallapatta trees: its resin is used to manufacture the most expensive Oud perfume available in the world. Dr Yaddehige revealed that the company is currently working to inoculate a certain fungus which is vital for the process.

Yet another project involves extracting the flavour and essence of tea and marketing a green tea product, which has already been launched in Las Vegas earlier.

The 25th Arpico Supercentre has been also opened at Talawatugada and the three storeyed, 60,000 sqft biggest Supercentre will be opened in Kegalle in February .Arpico Supercentres will also be opened in Katugastota, Kundasale, Moratuwa and Wattala.

Dr Yaddehige is a scientist/ engineer and a Swissbased engineer, whose positions in

Sri Lanka currently include Chairman of Richard Pieris Exports PLC, Maskeliya Plantations PLC, Kegalle Plantaions PLC, Namunukula Plantations PLC