Tos Lanka to invest Rs. 700 m in factory expansion

by Hiran H. Senewiratne

One of Sri Lanka's largest electronic assembling solution companies Tos Lanka Company (Pvt) Ltd has invested Rs. 700m for a major factory expansion.

The company is located at the Biyagama Export Processing Zone.

The new factory will start commercial operations next month and will mainly focus on manufacturing LCD monitors, magnetic coil and energy saving lamps for the Indian market.

The company expects to access the huge Indian market through the Comprehensive Economic Partnership Agreement, its Chief Executive Officer Merrick Gooneratne said.

He said that once the company starts its commercial operations, it is also planning to invest a further Rs. 30 million to manufacture clean room electronic products to supply the high tech mobile phone industry in Japan, as a part of its development plan.

Gooneratne said the company has invested on training and development of staff to manufacture these products to international standards.

The company operates with a modern factory with manual and automated electronic assembly lines supported by chip mounting and wave soldering plants, together with extensive testing facilities. The end products of the company are also used for automobile companies, surveillance equipments and bio energy based products for various markets including european markets, he said.

The holding company provides a full sub-contract design and product engineering services for Tos Lanka.

Since the company is doing extremely well in Sri Lanka, the holding Japanese company is interested in investing heavily in the future, he said. The core business of Tos Lanka is assembling and soldering of flexible and normal Printed Circuit Board (PCBs) which can be used from wristwatch to aircraft.

The company has skilled workers who have been trained in Japan in assembly, testing and quality evaluation according to international printed circuit standards.

Tos Lanka is a wholly owned subsidiary of the major electronic manufacturer, Tosslec Company Ltd of Japan. It was established 10 years back in Sri Lanka.

The parent company is in business for the last 30 years and as an expansion project, a factory was opened in Sri Lanka in 1995.

The company is registered under the Board of Investment of Sri Lanka.