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Ultra Aluminum unveils USD 12.5 bn BOI approved factory in East

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Business

Ultra Aluminum Private Limited recently unveiled its latest BOI approved factory in Arayampathy, Batticaloa which manufactures an import substitute known as aluminum extrusion profiles and thereby saving a significant dollar flow going out of the country.

This also sets the tone to create jobs and generate income for the people in the Eastern province and the country as a whole. Commenting on the project, BOI Chairman Raja Edirisuriya said, “The recent establishment of the aluminum manufacturing factory set up by Ultra Aluminum Private Limited in Batticaloa for a project cost worth US$12.5 million, is such an example of our commitment to facilitate growth in Sri Lanka,” Edirisuriya said.

“The factory mainly manufacturing aluminum extrusions profiles will not only produce their goods to the local market but capture the foreign market as well. This will also help save significant dollar flow going out of the country and contribute towards import substitution of materials,” the Chairman underscored.

The Ultra Aluminum Private Limited comes under the Ultra Holding Private Limited chain, which comprises Ultra Lanka Marketing, Ultra roofing, Ultra distributors, Ultra tiles Lanka and Ultra steel.

Ultra Holding Private Limited Chairman A.M. Unais said “Initially, we used to sell hardware and building materials around 2003.

Later on, the infrastructural development projects that emerged in the aftermath of the tsunami in 2004, offered us opportunities to expand and enhance the business by supplying building materials and hardware products to those projects, which eventually took us to the next level. As far as the newly established factory is concerned, it is the shortage of aluminum, which prompted us to start a factory of this nature in 2018.”

The new factory, which is to manufacture around 250 different aluminum profiles designed for products such as doors, windows, motor housing, heat sinks, and numerous types of aluminum furniture, runs with a workforce of 200, which also has the potential to create nearly 350 indirect job opportunities. Majority of those benefited out of this project are from the East.

Director, Abdul Hameed Mohamed Feros said “We produce aluminum billets, which will be homogenized and are also introducing Zero-liquid discharge (ZLD) system, which is a water treatment process in which all wastewater is purified and recycled; therefore, leaving zero discharge at the end of the treatment cycle. The factory is also equipped with an air pollution control system,” he added.

 

 

Friday, June 10, 2022 – 01:00











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