ACME hit by resin monopoly, rising costs as Sri Lanka's economy rebounds

ACME Printing and Packaging PLC said it is struggling with the impact of a “resin monopoly” in the local market, a structural challenge that has limited its pricing flexibility and bargaining power.

- By NISHEL FERNANDO

The company said the monopoly was a key factor behind the rising raw material costs and profitability pressures facing the packaging manufacturer, despite a broader economic recovery and steady industry growth.

Sri Lanka’s economy expanded about 5.0 percent in 2024, rebounding from a 2.3 percent contraction the previous year. The printing and packaging sector has also grown, supported by the demand from food and beverages, pharmaceuticals and fast-moving consumer goods, while an industry-wide shift toward sustainable packaging has gained pace.