Kramski invests Rs 160 mn in factory expansion
Kramski Lanka (Private) Limited, a premier German venture in
Katunayake Export Promotion Zone has launched the construction work on a
new factory building estimated to cost Rs.160 million to increase its
production capacity in Sri Lanka. German Ambassador to Sri Lanka
Dr.Jürgen Morhard was the chief guest at the foundation stone laying
held on October 5, 2012. The project is planned to be completed by June
2013, to coincide with the 20th Anniversary of the company.
Chairman, Kramski Lanka Wiestaw Kramski is quite optimistic about the
post war economic development and peaceful environment of the country.
He said that this investment will help to exploit the potential
market opportunities in European, American and Asian markets despite the
prevailing global economic crisis to bring more valuable foreign
exchange to the country.
The new building with 2,100 square meter floor space will facilitate
accommodating a minimum of 16 injections moulding machines and six
stamping press machines leading to doubling the plastic moulding and
stamping production capacity of the company.
The new factory will also generate 100 more employment opportunities
in the fields of stamping and moulding and the turnover of the company
is projected to increase up to Rs.2.2 billion in the next five years
which is double the current export revenue of the company.
Kramski Lanka (Pvt) Limited is a subsidiary of Kramski GmbH which is
one of the world’s leading manufacturers of high performance stamping
dyes , complex stampings, mouldings and sub assemblies for
world-renowned companies in the automotive, electronics,
telecommunications, solar and medical industries. Kramski Lanka was
established in Sri Lanka in 1993 as a supplier of
component parts for stamping dies, high precision moulds and finished
moulded products for European, North American and Asian markets. Since
1993, the company has been growing steadily aided by high precision
German stamping and moulding technology introduced to the country.
The company has now generated 250 jobs in the moulding and stamping
fields.
Kramski Lanka (Pvt) limited is the only company currently in Sri
Lanka that has been awarded the ISO/TS16949:2009 quality standard
certificate. The company also possesses the ISO 14001:2004 environmental
certificate.
One of the key factors contributing to the successful growth of the
company is its well trained employees who count many years of experience
continuously with the company: many of whom have undergone training in
Germany.
The company also has its own training center which has been
accredited as an A+ vocational training center by the Tertiary and
Vocational Education Commission of Sri Lanka. It is also the first such
institution in Sri Lanka conducting courses in dyes and tool making with
the objective of turning young talented students into experts in tools
and moulds making, a sector that has limited resources and training
opportunities in the country.
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