Home / Knowledge / News / Textiles / New textile chemical plant to come up in Sri Lanka
New textile chemical plant to come up in Sri Lanka
15
Apr '14
Mr. Dayantha de Silva (L) with Mr. Jayaweera (R)/news.lk
Mr. Dayantha de Silva (L) with Mr. Jayaweera (R)/news.lk
Sri Lanka’s Board of Investment (BOI) has signed an agreement with S&D Associates for setting up a new textile chemical plant at a cost of US$ 3 million, reports news.lk.
 
The agreement was signed by Lakshman Jayaweera, chairman of BOI, and Dayantha de Silva, managing director of S&D Associates, a company specializing in the manufacturing of industrial chemicals used in the textile industry, as well as polymers for textile processing, coatings and water treatment operations.
 
As per the agreement, the new plant would come up at the BOI Export Processing Zone at Biyagama, Gampha district, in the Western Province of Sri Lanka. The company will initially employ about 100 staff, including 25 highly skilled local and overseas chemical engineers and industrial chemists at the plant.
 
Dayantha de Silva said it would be the first time in Sri Lanka that a company would be manufacturing the complete range of products required for textile processing and wet processing of garments.
 
He said the company has offices in Maldives, Bangladesh and Vietnam, and buyers in Dubai, India and Oman, which would greatly benefit Sri Lanka’s local textile industry and contribute in making Sri Lankan garments more competitive in the global market.
 
He added that the aim of the company is to become a leading manufacturer of textile axillaries, polymers, dispersing aids and polymeric coatings for different substrates in the region.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search