The DSI Group embarks on a new project of manufacturing PVC pipes for its first time after buying the PVC products factory and assets of Okta PVC Lanka (Pvt) Ltd at Baddegama in Galle.

While commenting on this to adaderanabiz.lk, DSI Group Managing Director Kulathunga Rajapaksha said that the DSI Group had bought all assets belonging to Okta PVC Lanka (Pvt) Ltd for Rs. 137 million.

This manufacturing plant would be refurbished and plans are afoot to produve PVC pipes under the DSI brand name in the near future, Rajapaksha added.

While DSI has finalized this deal through Samson International Limited, over 51 percent shares of Samson International Limited is owned by the DSI Group and its stakeholders and 29 percent of the shares are owned by a prominent personality in the Colombo Stock Exchange, Dr. T. Senthilverl.

Okta PVC Lanka (PVT) Ltd is a company that is manufacturing and selling PVC pipes and allied products and possesses the SLS and ISO certifications for its products.