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LATEST NEWS
Our member company– Amsafe Bridport had a formal groundbreaking ceremony of their new company Shield Restraint Systems (Pvt) Ltd worth of $8.5 million investment today in Wathupitiwala Zone with the presence of US Ambassador – Ms. Julie Chung. This will create nearly 500 new job opportunities for our countrymen thereby contributing to the nation's progress and prosperity.
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This investment is a key pillar in Amsafe’s strategy to consolidate and strengthen its manufacturing base in Sri Lanka with a strategic partnership with their US partner thereby enduring a strong friendship between the United States and Sri Lanka in the years to come.
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Heartiest Congratulations from FTZMA!
On October 23, 2024, the Free Trade Zone Manufacturers Association (FTZMA), in collaboration with KPMG, organized an awareness session at the FTZMA auditorium. This session focused on addressing current tax challenges specifically relevant to Board of Investment (BOI) companies. The event saw active participation, with 77 attendees representing 40 member companies.
The forum provided valuable insights into recent tax developments, equipping members with practical knowledge to navigate the evolving tax landscape effectively.
The Ministry of Health, Sri Lanka, has issued an important circular addressing the recent rise in mpox cases and the WHO's declaration of a Public Health Emergency of International Concern (PHEIC). The circular provides detailed guidelines on surveillance, notification, investigation, and laboratory testing to prevent the spread of mpox in Sri Lanka.
Healthcare professionals and relevant authorities are urged to review and implement these guidelines promptly.
Download the Ministry of Health Circular PDF for comprehensive information on the recommended measures and protocols.
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Furthermore, please refer to the link below for the latest directives issued by the Ministry of Health (MOH) regarding mpox in Sri Lanka.
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Crystal Martin Ceylon Pvt Ltd, one of our esteemed member companies, has successfully installed the 4th Ocean Strainer in the Kadolekele Church Road Canal. This initiative is part of their ongoing commitment to environmental sustainability and ocean conservation. The Ocean Strainer plays a crucial role in capturing plastic waste and other debris, preventing it from flowing into the ocean, and contributing to the preservation of marine ecosystems.
We are pleased to inform the installation of 5th Ocean strainer was held on last Friday the 16th at NARA Canal in Negombo sponsored by our member company – M/S Calico Color Pvt Ltd with the patronage of is Chairman Mr. Prabath Gunasekera.
FTZMA met the Chairman and two senior officials of SLPA at SLPA headquarters, Colombo to discuss challenges being faced by its members when clearing IMP & EXP cargo through port of Colombo.
We are happy to announce the installation of 3rd Ocean strainer today sponsored by our member AMSAFE BRIDPORT (Pvt) Ltd, Wathupitiwala !! Thank you for your philanthropic spirit and the love for our habitat Chandani, the Board and the in esters of ABPL !!!
The Free Trade Zone Manufacturers Association (FTZMA) recently held a significant meeting with the Director General and high-ranking officials of Sri Lanka Customs. The agenda centered on addressing critical issues faced by Board of Investment (BOI) enterprises, particularly the prolonged delays in cargo clearance. The discussions aimed at finding effective solutions to streamline the clearance process, ensuring smoother operations and reducing the impact of these delays on business activities.
Hirdaramani Group, a leader in apparel manufacturing and sustainability, announces its latest milestone in advancing sustainable apparel production with a significant LKR 10 billion investment in a cutting-edge new textile mill, ‘Mihila Tex’ in Pannala, Sri Lanka.
Dipped Products accelerates global expansion with launch of marketing office in India - Congratulations to our member company - Dipped Products accelerates global expansion with launch of marketing office in India. Dipped Products PLC (DPL), a global leader in the manufacturing of high-quality gloves and a subsidiary of Hayley's PLC yesterday announced the opening of its dedicated sales and marketing office in Mumbai, India.
A wine Tasting session was arranged by the chairman of FTZMA at Park Street Wines, 11C, Poruthota Road, Ethukala, Negombo on 19.07.2024.
A workshop on “Time & Task Management" was conducted by FTZMA for all BOI companies located in KEPZ and near to KEPZ on 11th July at FTZMA auditorium. Resource person was Mr. Darshana Amarasinghe of Life Skills Academy Sri Lanka
43rd Annual General Meeting of FTZMA was successfully held at Courtyard by Marriott on 28th March 2024. Mr. Dhammika Fernando – Director of Tropical Finding Pvt Ltd was re-elected as the Chairman for term 2024/2025. The High Commissioner of Malaysia to Sri Lanka H.E. Badli Hisham Adam was the chief guest at the AGM while The Director General of Board of Investment of Sri Lanka Mrs. Renuka Weerakoon was the guest of honor.
One of our member companies - Lanka Special Steels Limited (Lanka SSL), Sri Lanka’s leading manufacturer of galvanized steel wire, inaugurated their Hyderabad office along with their international product lines ‘Lanka Special Steels Poultry 300’ and ‘Lanka Special Steels Premium 100’. Their high-quality products aim to attract business in the poultry and fencing sectors of India.
Utilizing high-quality raw materials from reputed suppliers like JSW Steel, TATA Steel, and Hindustan Zinc, Lanka SSL ensures top-notch finished products. Their galvanized steel wires are manufactured in a state-of-the-art facility with a capacity of 30,000Mt per annum. It also has a 25-year service life guarantee at its best conditions. Lanka SSL is owned by E.B. Creasy Group.
FTZMA together with MAS Foundation for change have inaugurated the first OCEAN STRAINER project on 24th January 2024 at Negombo main waterways in the heart of the city! This project was fully sponsored with FTZMA funds and implemented in collaboration with the MAS Foundation, Negombo Municipality and the District Waste Management Authority! Though This is a small step this landmark project will help environment by straining plastics and micro plastics from polluting oceans and waterbodies ,It will help saving marine life and its habitats, it will also prevent the micro plastics from ending up in the bodies of people, animals and plants. FTZMA has originally planned for two of its kind and would in future solicit its member support for the 2nd one.
Congratulations to our member company - Teejay who receives Eco-Label Sri Lanka Certification Pioneering Environmental Sustainability in Textile Manufacturing. This certification provide consumers with assurance that the certified products or services have undergone rigorous environmental assessment and meet high sustainability standards.
Mr. Shan Yahampath, CEO - BrainHR (Pvt) Ltd | Brain Business and Technologies (Pvt) Ltd Executive Director - Freedom Analytica and an Advisor to the incumbent Minister of Labour and Foreign Employment has conducted this awareness session on 29th February2024 at Amagi Aria, Kurana, Negombo.Target audience was MDs, CEOs, CFOs, GMs & HRMs and 65 participants from member companies have attended this session.
The secretariat at KEPZ has received a new pantry donated by its member company – Lispo Pvt Ltd thereby giving a lasting difference to the secretariat.