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Wednesday, April 07, 2010 - 04.36 GMT |
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New investments
at Horana EPZ |
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The BOI announced nine new companies will start projects at the Horana Export Processing Zone.
The total value of their investment once completed will be US$ 57.15 million and they will employ 1,221 staff at the Horana EPZ.
This is significant as it will result in almost doubling both the Foreign Direct Investment and the number of jobs available at the Horana Export Processing Zone.
The new companies at HEPZ are Unilever Sri Lanka (Pvt) Ltd- (UK) Aspic Bio Tea (Pvt) Ltd- (Malaysia), Cavin Care (Pvt) Ltd-(India), Auto Link International (Pvt Ltd)-(Sri Lanka), Heritage Foods (Pvt) Ltd-(Indi), Phoenix Industries Ltd- (Sri Lanka), Nithiya Packaging (pvt) Ltd-(India), Hwagin Medical Lanka (Pvt) Ltd- (China), Digital Engineering Lanka (Pvt) Ltd.
The Horana Export Processing Zone, in the Kalutara District commenced operations in November 1999. It is located on a land of an area of 385 acres. It is equipped with a complete road network, power supply, treated water supply, telecom facilities, water treatment plants, waste water treatment plants and security services.
The current total investment at the HEPZ is US$ 54 million and its 11 enterprises provide employment to 1,623 workers. These enterprises are involved in the manufacture of garment accessories, essential oil, plastishell products, non ferrous metal recycling, MDF boards, electric power generation and glassware.
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