Fri, 25 Jun 2021 Today's Paper

Singer Sri Lanka mulls setting up new production facilities at BoI zones

21 March 2017 12:02 am - 0     - {{hitsCtrl.values.hits}}

A A A

Consumer durables giant Singer Sri Lanka PLC is currently negotiating the construction of new production facilities at the Board of Investment (BoI) industrial zones as part of the group’s long-term strategic plans, a leading official said.
“We’re looking at some new production facilities at BoI zones. They will mainly be for product expansion in furniture and washing machines,” Singer Group CEO Asoka Pieris told 
Mirror Business.
He said that it is too premature to estimate the investment size or the production capacities of the conceptualized facilities, since discussions with BoI are still in their early stages.

“We haven’t finalized anything yet because this is for the long-term,” he added.
The group’s home appliance sales increased to Rs.15.76 billion in 2016 from Rs.12.74 million year-on-year (YoY), while the furniture sales increased to Rs.2.36 billion from Rs.1.98 billion YoY and the sewing machine segment sales increased to Rs.3.22 billion from Rs.2.95 billion YoY. Singer Sri Lanka, which produces furniture and engages in retail operations for the group, recently became the parent company of both refrigerator and washing machine manufacturer, Regnis (Lanka) PLC and sewing machine production unit, Singer Industries (Ceylon) PLC, under an internal restructuring programme. Singer Sri Lanka has its furniture production facility in Piliyandala, while the Regnis and Singer Industries manufacturing facilities are located in the adjacent town of Ratmalana. Singer recently revamped Regnis’ refrigerator manufacturing facilities, which increased production of its GEO and ECO refrigerators by 20 percent.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


SLPP eats humble pie over fuel price hike statement

The statement put out by SLPP (Sri Lanka Podujana Peramuna) General Secretar

GSP+: Isn’t there a way out?

The European Parliament’s resolution on Sri Lanka on June 10 was the second

Is Litro Gas above the regulator?

After an in-house battle among members of the top management of the Consumer

Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.