Lanka's fourth saltern at Hambantota
SALTERN: Sri Lanka's fourth saltern would be constructed by Lanka
Auto Gas Fuel Systems Limited (LAUGFS) at Hambantota. The project would
be constructed under the 300 factories programme.
According to Chairman, Laugfs, W. K. H. Wegapitiya, after the tsunami
many salterns were damaged and some are yet to reach maximum capacity.
Nearly 20 percent of local consumption of salt is being still
imported and it draws tremendous foreign exchange out. He said that they
saw an opening and this was why they decided to diversify to this
Laugfs will be investing Rs. 450 million for this project from
profits generated from the company itself.
Over 100 will receive direct employment while over 300 will be
working during the salt harvesting seasons.
He said they would be concentrating more on manufacturing chemical
based products as there is a demand from the industrial sector for salt
In addition to Hambantota, salterns are located in Puttalam and
Wegapitiya said they now operate a tyre-manufacturing factory in
Horana, which was closed for over two years.
"We are now manufacturing mattresses, three wheel tyres for the local
and international market and soon would introduce motor bicycle tyres,"
he said. The company is also looking at manufacturing tyres for small
They have invested Rs. 160 million for this and already found a
market for these products in Bangladesh and Pakistan.
Laugfs would be also investing in the condominium sector and have
already purchased land in Maya Avenue for a nine floor 50-apartment
complex with two-roof top penthouses.
"The Urban Development Authority (UDA) has also given the green light
for this and we are hoping to start construction in early November," he
The investment for this would be Rs. 850 million and the apartments
would be ready in 18 months.