Multinational relocates partly to Sri Lanka from China
By Agencies-Xinhua | 2013-12-13
A top Japanese conglomerate is relocating part of its selected foam operations to Sri Lanka from China and began operations this week, a statement from the Industry and Commerce Ministry said in Colombo Friday.
The company is also considering plans to set up world class automotive component production in Sri Lanka, with latest Japanese technology.
"Japanese giant INOAC's new venture with a 20-million-US- dollar investment is one of the biggest industry foreign direct investments to come from Japan to Sri Lanka in our bilateral partnership history," Minister of Industry and Commerce Rishad Bathiudeen said in a statement.
INOAC Polymer Lanka is the only manufacturer of polyurethane in Sri Lanka.
Polyurethane is a specialized type of plastic material widely used in the car industry and comfort products.
INOAC, a global supplier to the automotive industry, is a privately-held Japanese conglomerate established in 1926, operating in 20 countries including the United States, Canada, South Korea, Japan, and some Southeast Asian countries and European countries.
Currently it has 74 state- of-the-art factories across the world.
Sri Lanka's thriving apparel sector, which is the island's largest export, has a close relationship with the Japanese company.
"Around two years ago INOAC took a decision to transfer our production facility from China to Sri Lanka to produce and supply unique high quality polyurethane foam to the giants of the apparel industry in Sri Lanka," said Ken Miwa, executive managing director of INOAC Corp. "We are shifting at least 20 percent of our production from China to Sri Lanka."
INOAC first invested in Sri Lanka in 1959 when it commenced its first joint venture with Associated Motorways (AMW) in Sri Lanka.
INOAC is a Tier 1 producer of automotive components for Toyota, Nissan, Honda, Mitsubishi, Yamaha and several other renowned global brands.
Japan is Sri Lanka's second largest lender in 2013 behind China and currently 39 Japanese private investment projects are in operation.
By Agencies-Xinhua | 2013-12-13 A top Japanese conglomerate is relocating part of its selected foam operations to Sri Lanka from China and began operations this week, a statement from the Industry and Commerce Ministry said in Colombo Friday.
The company is also considering plans to set up world class automotive component production in Sri Lanka, with latest Japanese technology.
"Japanese giant INOAC's new venture with a 20-million-US- dollar investment is one of the biggest industry foreign direct investments to come from Japan to Sri Lanka in our bilateral partnership history," Minister of Industry and Commerce Rishad Bathiudeen said in a statement.
INOAC Polymer Lanka is the only manufacturer of polyurethane in Sri Lanka.
Polyurethane is a specialized type of plastic material widely used in the car industry and comfort products.
INOAC, a global supplier to the automotive industry, is a privately-held Japanese conglomerate established in 1926, operating in 20 countries including the United States, Canada, South Korea, Japan, and some Southeast Asian countries and European countries.
Currently it has 74 state- of-the-art factories across the world.
Sri Lanka's thriving apparel sector, which is the island's largest export, has a close relationship with the Japanese company.
"Around two years ago INOAC took a decision to transfer our production facility from China to Sri Lanka to produce and supply unique high quality polyurethane foam to the giants of the apparel industry in Sri Lanka," said Ken Miwa, executive managing director of INOAC Corp. "We are shifting at least 20 percent of our production from China to Sri Lanka."
INOAC first invested in Sri Lanka in 1959 when it commenced its first joint venture with Associated Motorways (AMW) in Sri Lanka.
INOAC is a Tier 1 producer of automotive components for Toyota, Nissan, Honda, Mitsubishi, Yamaha and several other renowned global brands.
Japan is Sri Lanka's second largest lender in 2013 behind China and currently 39 Japanese private investment projects are in operation.




Cabinet minister of special projects S.M. Chandrasena has started a ‘special project of his own’ against prime minister D.M. Jayaratne and family members of the late Berty Premalal Dissanayake by publicly telling voters of Anuradhapura that the premier and his son-in-law Duminda Dissanayake were entirely responsible for the drug menace spreading in the Rajarata area, according to sources in the area.
Shashi Weerawansa, the wife of engineering and construction services minister Wimal Weerawana, has reportedly invested Rs. 150 million in the controversial casino ‘Salaka Regino’. She has given the money for the casino to its owner Vajira Janaki Nettikumara through her sister-in-law Sudharma Nettikumara.

LAHORE: Funeral prayers in absentia for JI Bangladesh Leader Abdul Quader Molla, who was hanged to death the other day, was offered in various parts of the country.







1994
இல் கறுப்பின முதலாவது ஜனாதிபதியாக தெரிவு செய்யப்படு வதற்கு முன்னர்
மண்டேலா 27 வருடங்களை சிறையில் கழித்திருந்தார். மண்டேலாவின் தேசிய அஞ்சலி
நிகழ்வானது 95,000 பேர் அமரக் கூடிய அரங்கொன்றில் திங்கட்கிழமை
நடைபெறவுள்ளது.
பிளவடைந்தி
ருந்த ஒரு தேசத்தை ஒருங்கிணைத்த தலைவரே நெல்சன் மண்டேலாவென வெள்ளிக்கிழமை
நடைபெற்ற ஆராதனையின் போது டெஸ்டண்ட் டுட்டு கூறியுள்ளார்.
இதேவேளை
ஜோகனஸ் பேர்க்கில் அவர் வசித்துவந்த வீட்டின் முன்னரும் பலர்
கூடியுள்ளனர். உலகளாவில் தலைவர்கள், பிரபலங்கள் என்ற அனைவரும் தமது
காணிக்கை களை மண்டேலா வுக்கு சமர்ப்பிக் கின்றனர்.










