{"id":141141,"date":"2024-08-26T14:47:19","date_gmt":"2024-08-26T14:47:19","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=141141"},"modified":"2024-08-26T14:47:19","modified_gmt":"2024-08-26T14:47:19","slug":"australias-united-petroleum-eyes-us-30mn-food-venture-in-sl-by-nishel-fernando-2","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/australias-united-petroleum-eyes-us-30mn-food-venture-in-sl-by-nishel-fernando-2\/","title":{"rendered":"Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL &#8211; By Nishel Fernando"},"content":{"rendered":"<h2 style=\"text-align: center;\"><span style=\"color: #333399;\"><strong>Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL &#8211; By Nishel Fernando<\/strong><\/span><\/h2>\n<p><a href=\"https:\/\/www.dailymirror.lk\/breaking-news\/Australias-United-Petroleum-eyes-US-30mn-food-venture-in-SL\/108-290280\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-141142 size-full\" src=\"https:\/\/bmkltsly13vb.compat.objectstorage.ap-singapore-1.oraclecloud.com\/cdn.sg.dailymirror.lk\/assets\/uploads\/image_b50584ff90.jpg\" alt=\"Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL - By Nishel Fernando\" width=\"600\" height=\"343\" \/><\/a><\/p>\n<p><span style=\"font-size: 16px; color: #000000;\">Source :\u00a0<a style=\"color: #000000;\" href=\"https:\/\/www.dailymirror.lk\/breaking-news\/Australias-United-Petroleum-eyes-US-30mn-food-venture-in-SL\/108-290280\" target=\"_blank\" rel=\"noopener\">dailymirror<\/a><\/span><\/p>\n<ul>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><big><em><strong>To launch under Australia\u2019s iconic pie brand \u2018Pie Face\u2019<\/strong><\/em><\/big><\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><big><em><strong>Venture to be launched in 1Q25<\/strong><\/em><\/big><\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><big><em><strong>Manufacturing plant likely to be located in a BOI zone\u00a0<\/strong><\/em><\/big><\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\"><big><em><strong>Target markets include India, Malaysia, Singapore, South Africa and the Middle East region<\/strong><\/em><\/big><\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Australia\u2019s United Petroleum plans setup a food manufacturing venture in Sri Lanka with an investment of US$ 20-30 million to produce pies and other convenience food items under Australia\u2019s iconic pie brand \u2018Pie Face\u2019.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cMost probably this will happen by the first quarter of 2025 and we are planning an investment around US$ 20-30 million in this venture,\u201d United Petroleum Lanka (UPL) Private Limited, a wholly-owned subsidiary of Australia\u2019s United Petroleum, Director and CEO Dr. Prabath Samarasinghe told Mirror Business.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">The location of the proposed food manufacturing plant is yet to be finalised; however, Dr. Samarasinghe noted that it would be located in a BOI zone as the company plans to export 80 percent of the production targeting export markets such as\u00a0 India, Malaysia, Singapore, South Africa and the Middle East region.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cUnder this project, UPL would relocate one of its (four) factories in Australia to Sri Lanka mainly to reduce the high logistic costs from Australia to Europe and Asia,\u201d he added.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Once into operations, the plant is expected to produce 15,000 units of pies and other convenience food items per minute.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Under Pie Face brand, United Petroleum produce and market a\u00a0 range of award winning French-style pies and other convenience food items made using only premium ingredients.\u00a0<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">In particular, United Petroleum through this venture in Sri Lanka is eyeing to enter the Indian market.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">In addition, UPL is also expected to make a sizeable investment in establishing 50 new fuel stations as a mixed development project in Sri Lanka.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">Dr.Samarasinghe noted that UPL is considering convert these ventures into full-scale convenience centers that may include apartment complexes and other real estate-related developments.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 16px; color: #000000;\">\u201cWe have already identified more than 70 properties to establish our new fuel stations and convert all into full-scale convenience centres, possibly including property development such as apartment, food and entertainment zones etc,\u201d he added.<\/span><\/p>\n<p>&nbsp;<\/p>\n<div style=\"text-align: center;\"><span style=\"font-size: 16px; color: #800000;\"><em><span style=\"text-decoration: underline;\"><a style=\"color: #800000;\" href=\"https:\/\/websitedesigns.com.au\/elankanew\/elanka-newsletter-sign-up\/\" target=\"_blank\" rel=\"noopener\"><strong>Click here to receive your free copy of the eLanka Newsletter twice a week delivered directly\u00a0to\u00a0your\u00a0inbox!<\/strong><\/a><\/span><\/em><\/span><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL &#8211; By Nishel Fernando Source :\u00a0dailymirror To launch under Australia\u2019s iconic pie brand \u2018Pie Face\u2019 Venture to be launched in 1Q25 Manufacturing plant likely to be located in a BOI zone\u00a0 Target markets include India, Malaysia, Singapore, South Africa and the Middle East region Australia\u2019s [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":141142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[69650,69653,69648,69647,69652,69649,69651,69645,69646,69644],"class_list":{"0":"post-141141","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-australia-to-sri-lanka-business","9":"tag-australias-business-ventures-in-sri-lanka","10":"tag-boi-zone-food-plant","11":"tag-convenience-food-market-asia","12":"tag-convenience-food-production-plant","13":"tag-export-markets-for-convenience-food","14":"tag-food-manufacturing-investment-sri-lanka","15":"tag-pie-face-brand-expansion","16":"tag-sri-lanka-food-manufacturing","17":"tag-united-petroleum-food-venture","18":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL - By Nishel Fernando - eLanka<\/title>\n<meta name=\"description\" content=\"Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL - By Nishel Fernando To launch under Australia\u2019s iconic pie brand \u2018Pie\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL - By Nishel Fernando\" \/>\n<meta property=\"og:description\" content=\"Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL - By Nishel Fernando To launch under Australia\u2019s iconic pie brand \u2018Pie\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/australias-united-petroleum-eyes-us-30mn-food-venture-in-sl-by-nishel-fernando-2\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-26T14:47:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2024\/08\/Australias-United-Petroleum-eyes-US-30mn-food-venture-in-SL-By-Nishel-Fernando-e1724683394388.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"343\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"eLanka admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eLanka admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/australias-united-petroleum-eyes-us-30mn-food-venture-in-sl-by-nishel-fernando-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/australias-united-petroleum-eyes-us-30mn-food-venture-in-sl-by-nishel-fernando-2\/\"},\"author\":{\"name\":\"eLanka admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\"},\"headline\":\"Australia\u2019s United Petroleum eyes US$ 30mn food venture in SL &#8211; 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