Alumex Group to invest Rs. 250 m on expansion
Ramani KANGARAARACHCHI
The Alumex Group, a leading manufacturer of aluminium extrusions in
Sri Lanka, will invest Rs. 250 million on expansion this year, Group
General Manager Alumex, Pramuk K. Dediwela told Daily News Business.
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Pramuk
Dediwela |
The investment includes a new factory being built in Sapugaskanda
with ultra modern technology. At present the company manufactures over
3,000 mts of aluminium extrusions per year and it will be increased up
to 4,000 mts after expansion, he said. However, the company will have
the capacity to manufacture 10,000 mts of extrusions shortly. At present
the country needs 4,000 mts of extrusions.
Dediwela said that the demand for their products will increase in the
near future as the north and east development work is under way and the
company is prepared to meet the demand. The Alumex Group is equipped
with a modern extrusion, Alumex wood effect and powder coating
facilities in addition to an in-house plant to produce Aluminium
extrusion Dyes using state-of-the-art machinery.
The UK EN ISO certified company saves around USD 6 million foreign
exchange annually for the country by manufacturing aluminium extrusions
locally. It has an environmental friendly recycling plant as well.
Alumex exports its products to Australian super luxury apartments
earning foreign exchange, Dediwela said. The aluminium billets required
are imported from world renowned manufacturers.
The company manufactures doors and windows with a wood effect at a
cost of 30 percent less than real wood products, it is stronger than
normal wooden products. The company has also provided employment to 450
people.
However, the low quality, cheap imported aluminium extrusions in the
market affects the company and the other three quality manufacturers in
the country, he said. If the Government can stop the import of inferior
aluminium extrusions, the local companies could prosper, he said. |