Flexicare invest USD 15 mn. in modern manufacturing facility in Bandaragama
General Manager of Flexicare Lanka Sanjeeva Jayasinghe, Chairman of Flexicare Dr. Ghassem Poormand, Chairman of Board of Investment of Sri Lanka Sanjaya Mohottala and Managing Director of Flexicare Hash Poormand at the Flexicare Press Conference held at Taj Samudra Hotel. Picture by Wimal Karunatillake
Flexicare Lanka a fully owned subsidiary of Flexicare Group, UK, has set up a modern manufacturing facility in Bandaragama with a total investment of over USD 15 million.
With over 90% of the production intended for exports, Sri Lanka is placed on the global medical consumable devices production map for the first time. Flexicare Lanka will be employing over 600 people as part of its first phase, as it gears up production from its current workforce of 150 with plans for a second expansion in due course.
This is the first time in Sri Lanka’s history of manufacturing that such a medical device production plant begins its operations in the country.
The facility in Bandaragama began construction in 2019 and is now fully operational. In an event planned to mark this historic occasion, the site will be unveiled by Finance Minister Basil Rajapaksa on November 17.
“Flexicare has invested over $15million USD in this project to support the growing demand within the region for high quality medical products. Not only the first medical devices manufacturer in Sri Lanka, but working alongside with the BOI and government agencies, we are the first entity to have terminal ethylene oxide sterilization technology introduced here which allows us to produce sterile products for our clinical environments,” states Ghassem Poormand, Chairman of Flexicare Group.
Additionally, Hash Poormand Managing Director of Flexicare Group states, “With the advent of the COVID-19 pandemic, there has been no more an important time that life sustaining and lifesaving products are made available and accessible for our patients. Flexicare Lanka has been instrumental in ensuring that urgent medical devices were delivered across the world.”
Flexicare is a privately owned leading designer, manufacturer and supplier of medical devices backed by over 30 years of experience in the healthcare sector. Headquartered in the UK, Flexicare has expanded its international reach to over 110 countries, supported by wholly owned subsidiaries and scientific offices in the USA, South America, Netherlands, Germany, Italy, Turkey, Jordan, Egypt, India, Sri Lanka, Malaysia, Korea, China, Japan and Australia.
With purpose-built manufacturing facilities in key markets, the company has continued to expand its operations and capabilities that serve to provide a vertically integrated business model that has full control over the production and supply chain of its anesthesia and respiratory portfolio.