Chemanex ties up with US firm
New plant to increase production :
Chemanex a member of CIC Group of Companies, will link up with a
leading chemical company in USA making an investment of Rs 350 million
shortly. Chemanex Managing Director Lal De Alwis said that the company
has shown a growth in exports at present and it will introduce a new
chemical product range with the latest investment. The signing of
agreements has been already completed between the two companies.
Lal de Alwis
He said a new chemical plant has been installed in Meerigama to
increase production. This project will also create about one hundred new
Chemanex, a BOI company has been engaged in trading, imported and
locally produced chemicals and industrial intermediates with foreign
collaboration and overseas technology.
The Group has successfully ventured into the manufacturing of
intermediates for work-wear and manufacturing of specialty chemicals for
global markets. The Group currently exports to over 25 countries with
leading multinationals being among their satisfied customers.
De Alwis said that quality of the product and prompt services which
are embedded in the supply package has paved the way to the group to
achieve “The Most Preferred Supplier” status among the well-known
multinationals that are dealing with them continuously, in their line of
Their product range includes consumer chemicals packaging, rubber
chemicals, food and pharmaceutical, rubber estate chemical and pigments.
In the interest of diversification, the company has made strategic
investments in the financial services and hotel sector.
Meanwhile, a subsidiary of Chemanex, Yasui Lanka, manufacturing
seamless knitted gloves made out of 100 percent polyamide thread also
will increase exports shortly.