Archives

By Ravi Ladduwahetty

Buoyed by the peace process and the investment climate in Sri Lanka, Hansel Textiles Lanka Ltd, a BOI approved venture with German collaboration, will supply interlinings to the local garment industry for six months, and based on its success, set up a manufacturing plant for not only the local market but also export to the South Asian region.

Hansel Textiles, which is a Marks and Spencer nominated supplier, will invest US$ 350,000 initially for the import of a range of interlinings to Sri Lanka and will go in for a US$ 2 million plant with the prospects of exporting to India, Malaysia, Thailand and Singapore, Chairman of the company Wolfgang Scuhlte told the Daily News.

Now that the global recession and the prospects of peace in Sri Lanka is gradually getting back on track, there is a good chance for big business here, he said.

He said that he was very optimistic about good business prospects in Sri Lanka and that the proposed production facility would aim to manufacture 70 to 80 metres of interlining per minute which range from woven fabric interlining, weft insert fusible lining, graduated fusible interlining, non woven fusbiles and fusible tapes.

The Hansel Group which is based outside Dusseldorf, has nine wholly owned subsidiaries and 25 distribution companies which distributes its product range worldwide. The annual turnover is 100 million Euros and the assets are worth 50 million Euros. The biggest market is Russia with six distributors and the total production ability of the Group being 350 million metres annually.

Hansel Textiles Lanka Ltd's Managing Director Thimira Rajapakse told the Daily News that initially his company would be supplying products worth US$ 1.8 million in Sri Lanka by end 2003.

Asked about competition in the local market, he said that there were three suppliers but he was confident that Hansel would be capable of attaining a 15 percent market share.

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries |

Produced by Lake House
Copyright 2001 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager