VPN Steel to introduce roof truss to the Indian market
EXPORTS: A supplementary agreement was signed between the
Board of Investment of Sri Lanka and VPN Steel Industries (Pvt) Ltd to
manufacture industrial building material for the export market.
An investment of US$2 million, the factory will be located at the
Makandura Industrial Estate in Pannala. Once the project begins
operations, the number of employees will be expanded to 180 and the
investment will be raised upto US$ 5 million.
Managing Director of VPN Steel Group S. Nathan said commercial
operation is scheduled to commence mid-August and pointed out that the
product is the first of its kind to be introduced to Sri Lanka, as well
as to the Indian sub-continent.
He stated that VPN has been actively promoting the product in Sri
Lanka and it has already been used in the construction of several
projects such as hospitals, schools and NGOs. He added that the product
is also recommended for the construction of high-rise buildings.
VPN Engineering (Pvt) Ltd is a fully owned subsidiary of VPN
Engineering Sdn. Bhd - which has been in operation in Malaysia for over
six years.
The company provides light weight roof truss and VPN is specialised
in the design, engineering, manufacturing and installation of complete
steel roof truss.
The Managing Director added that with its zero usage of timber, the
product is 100% eco-friendly and explained that the easy design
adaptability facilitates quick response to the client requirements at
the most economical cost with the highest quality. |