Browns Investments group’s fully owned subsidiary Ajax Engineers (Pvt) Ltd has invested Rs. 130 million to commission a new 40,000 sqft multiple-line production facility in Minuwangoda which a considerable upgrade from the 4,000 sqft single-line factory in Ragama.

The latest annual financials of Browns Investments highlights that having previously focused only on high-end European solutions, the new factory, which is equipped with multiple production lines, will allow the company to offer a wider range of price competitive solutions.

BI’s interests in the construction sector stem from the backward integration strategy aimed at supporting the construction projects in the leisure sector and currently, the interests in this sector consist of a 10% stake in Sierra Construction (Pvt) Ltd and Sierra Holdings (Pvt) Ltd., and a 100% equity stake in Ajax Engineers (Pvt) Ltd and 50% of Creations Wooden Fabricators (Pvt) Ltd.