Micro Cars to set up vehicle plant in H’tota
Micro Cars Limited, Pioneer in the Sri Lankan automobile industry for
Designing, Manufacturing and Assembling Automobiles, whilst catering to
the rapidly growing local market and significantly expanding its
presence and recognition internationally during the last decade are now
taking another significant step to develop the local automobile industry
by signing with the Board of Investment to set up a fully-fledged
vehicle manufacturing/ assembling facility in the Export Processing Zone
in Mirijjawila, Hambantota, This venture will cater to the increasing
demand for Micro branded vehicles locally as well as internationally.
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Dr Lawrence Perera, Chairman/ CEO of Micro Cars Holdings
briefs Lakshman Yapa Abeywardana, Minister of Investment
Promotion on Micro Cars to be built and assembled in
Hambantota |
The total project is expected to be completed by 2016 and set to be
the second vehicle manufacturing/ assembling facility setup in Sri Lanka
by Micro Cars, with the first being located in BOI Polgahawela EPZ .
The new manufacturing facility at Hambantota will comprise of
automated production /assembly lines, focusing on the production/
assembly of a range of vehicles catering to most of the segments of
Automobile Trade with an estimated total investment of US$ 20 million
said Dr Lawrence Perera Chairman / CEO of Micro Holdings, pperating
under the umbrella of Micro Holdings (Pte) Ltd, this new venture will be
named Micro Cars International Consortium (Private) Limited.
In addition to the manufacturing and assembly lines, the state of the
art facility will feature a Research and Development unit, a test and
racing track and a vocational training centre offering a degree program
in automobile engineering affiliated to a prestigious International
Educational Institution.
The facility is expected to generate over 600 direct employment
opportunities for the youth in Southern Sri Lanka.
Similarly many indirect employment opportunities will be generated
through OEM parts / component manufactures who will be supplying locally
manufactured parts and providing services to the production/ assembling
processes.
Moreover the use of local components will result in a substantial
saving of foreign exchange for the country whilst simultaneously earning
from its exports.
Promoting Mahinda Rajapaksa’s vision of taking new technology and
skills to the villages, Micro will continue to spearhead the training
their workforce in the art of manufacturing, assembling and servicing of
all types of automobiles. |
