‘Gamma irradiation’ plant to be opened in Jan.

26 December 2013 11:18 am Views - {{hitsCtrl.values.hits}} 6 Bookmark

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Sri Lankas first multi-purpose gamma irradiation plant is scheduled to be opened in January 2014, the Ministry of Technology and Research said today.

The plant situated at the Biyagama Investment Zone, has been built with an investment of over Rs.760 million and comprises a capacity of 300 Ci Kilos the Ministry said.

The Ministry expects a monthly income of Rs. 4.5 million from the plant.

"Gamma Irradiation Plants are widely used in a number of countries for sterilisation of medical products and food preservation. The establishment of such a plant will make it possible to obtain a better export market for the significant volume of latex gloves produced in Sri Lanka by several other companies.

Latex gloves which are exported at present as un-sterile examination gloves can be exported as sterile surgical gloves, with a very high value addition estimated at 400%" the Ministry said in a release today.

The Ministry further said many local industries will benefit from the plant.

"Many local companies could export medical supplies such as syringes, catheters, sterile dressings and saline. It is also noted that these items are currently imported even for domestic use.

Thus the establishment of an irradiation plant will not only make it possible to add value to locally manufactured produce and save foreign exchange with regard to domestic requirements of such products but also create more employment opportunities and ultimately provide services to the general public.

However, the main constraint for local production of such products was the lack of a facility for sterilisation. Now such a facility is available at the Biyagama Export Processing Zone to provide irradiation services to the said industries" the release said.

Comments - 6

PRD Thursday, 26 December 2013 11:58 AM

That means annual income 54 million, expecting a net profit 35% ( Industry average)= 19 million then the investment recovery period is 40 years, what a fantastic project to invest? Is something wrong with given information?

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uditha Thursday, 26 December 2013 04:49 PM

it is the government who has invested so they are not worried about return on investment. typical failed policy of state doing business (like in 70-77 era). This gov is going in reverse

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sri lankan Thursday, 26 December 2013 12:00 AM

this is official income unofficial is unknown and will b invested in switzerland

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hulk Friday, 27 December 2013 12:00 AM

looks like my lab is opening soon via DM Android App

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NOHOPE Friday, 27 December 2013 03:06 AM

Okay it's better as an initiator. you could blow your horns to say another white elephant but as science and technology it's a real investment.
For a country to develop and up take its scientific sector these are essential.
Nylon six dismantled but at present Chemical, Mechanical, production engineering, Chemistry sector suffers a lot.
with this also somebody get trained. a better investment,

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ala Friday, 27 December 2013 07:40 AM

Can this treatment be used to cure our politicians.. then no need worry about return on investment.

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