United Motors Lanka to investment Rs 100 mn in automobile assembly
plant
Launches Mitsubishi Mirage in Sri Lanka:
M F Jabir
United Motors Lanka PLC(UML) would invest Rs 100 million in an
automobile assembly plant in Ranala, said Chanaka Yatawara, UML’s Chief
Executive Officer. It would deliver about 200 vehicles a month and they
expect the facility to be ready for operations by June 2013. The
facility would be on a two acre land.
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Chanaka Yatawara
Picture by Nissanka Wijerathna |
He said the number of employment opportunities there would depend on
the easily they could get approval to produce vehicles.
When inquired about moving in to locations in the Southern and
Northern parts of the country he said it depended on the project and
they were always open to opportunities. “But the opportunities to go to
those places must make sense. If there are proper guidelines of running
the business, if those thins are there we are certainly in, because we
are able to raise the funds. So if there are special concessions going
into those areas certainly yes.
He said however the process must be defined. Yatawara said from the
last five to six months they channel vehicles through the Hambantota
port.
He said there were no delays in getting vehicles out of the port and
that was an advantage. And since it was possible to use the Expressway
vehicles could be transported on car carriers. He said last year the
company done very well profit wise.
He said they understood the challenges the country faced and the
reasons for the macro economic policy changes. He however noted that
sufficient time should be given to plan their business in the future.
United Motors Lanka PLC launched the Mitsubishi Mirage, a stylish
five-door hatchback with superior fuel efficiency and Eco-friendliness
recently. |
