JAT Holdings PLC, Sri Lanka’s frontrunner in wood coatings and brushes, celebrated a key milestone with the ceremonial opening of its state-of-the-art binder plant in Horana. This historic achievement marks the culmination of months of dedicated planning and construction, symbolizing JAT’s unwavering commitment to innovation and operational excellence.
The JAT Binder Plant represents a significant leap forward for JAT Holdings, enabling it to manufacture its own binders, the foundational component of wood coatings and emulsion paint. This strategic move positions JAT for greater backward vertical integration, optimizing production efficiency, and ultimately delivering superior value to its customers.
The inauguration ceremony was held in the presence of JAT Holdings’ senior management team, distinguished guests, and other dignitaries representing key stakeholders. The ceremony served to highlight JAT’s relentless pursuit of excellence and cutting-edge technology. The fully operational plant is now expected to significantly contribute towards JAT’s growth trajectory.
Nishal Ferdinando – CEO of JAT Holdings PLC, expressed his positive sentiments saying, “The opening of our binder plant is a watershed moment for JAT. This investment in domestic manufacturing empowers us to revolutionize the Sri Lankan paint industry, offering our customers unparalleled quality and cost-effective solutions. We are confident that this venture will propel us to even greater heights, whilst further strengthening our position as the market leader. We are also excited about the potential for exporting our excess production from this plant, and launching even more cost-efficient, high-value, and superior-quality products for the benefit of our customers.”
The plant thus signifies a new era for JAT, solidifying its position as a dominant leader within the wood coatings and paints industry in Sri Lanka and the wider region. The new JAT Binder Plant will complement JAT’s Alkyd Resin Plant in Bangladesh, and its cross-border manufacturing infrastructure, supported by its class leading R&D Centre in Sri Lanka. This strategic integration allows JAT to leverage its expertise and cutting-edge technology to optimize the production process for its range of wood coatings and emulsion paints, along with the rest of its product portfolio.
Meanwhile, Ajith Bandara, Director – Research & Development at JAT Holdings, discussed the exciting possibilities that lie ahead, “We are thrilled to witness the fruition of the binder plant project. This plant not only empowers us to meet the rising demand for wood coatings and emulsion paints but also paves the way for groundbreaking collaborations in binder and polymer development. I am happy to mention that our automated binder facility is equipped with all the state-of-the-art machinery and a technical team with the right expertise and experience – making it a facility on par with international manufacturing facilities. We are eager to explore these possibilities with leading universities and research institutions, fostering innovation that will positively impact the entire industry, even beyond the national level.”
JAT Holdings has prioritized quality throughout the execution of this project. The Group has secured the expertise of overseas consultants and R&D specialists who play a vital role in formulating JAT’s binders and other products. Additionally, JAT has invested significantly in automated machinery, ensuring exceptional productivity and operational efficiency. The plant also adheres to the strictest health and safety regulations, providing a secure and inspiring work environment that fosters creativity and innovation. Furthermore, the JAT binder plant operates in accordance with rigorous local and international environmental and sustainability standards, cementing JAT Holdings PLC’s commitment to its ESG goals.
About JAT Holdings PLC
JAT Holdings PLC is the market leader in wood coatings and brushes in Sri Lanka, with a dominant presence in the paints and luxury home and office furnishings segments. The conglomerate operates two state-of-the-art manufacturing facilities in Sri Lanka and Bangladesh, supported by an advanced Research and Development Centre in Sri Lanka, driving innovation and reinforcing its strong regional presence. Through its Alkyd Resin Plant in Bangladesh, and its Binder Plant in Sri Lanka, JAT benefits from backward vertical integration and enhanced cost efficiencies. Recognized for its financial stability, JAT holds a National Long-Term Rating of ‘AA(lka)’ from Fitch Ratings, while also being consistently ranked among the Most Awarded Entities, Most Loved Brands, Most Respected Entities, and Top 100 Listed Companies by LMD, reflecting its industry-leading position. Furthermore, its certification as a Great Place to Work underscores JAT’s commitment to its employees, making it an employer of choice.
