Sri Lanka to export hi-tech sail cloth made by German firm: official

(From left) Dharmasri Kumaratunga, Director - Payments and Settlements, Central Bank; Nanda Fernando, Managing Director, Sampath Bank; and Tharaka Ranwala, Head of Operations and Group Chief Marketing Officer, Sampath Bank

Jan 08, 2010 (LBO) – Sri Lanka will start exporting advanced technology sailcloth for yachts from a factory opened Friday by Dimension Polyant, a German firm, an official said. The firm says it uses technologies developed in aerospace and automotive industries to turn out sailcloth used in sails for racing yachts as well as other marine craft.

“The factory has a capacity to make 80,000 square meters of sailcloth a year,” Dhammika Perera, chairman of the Board of Investment, Sri Lanka’s state investment promotion agency, said.

“It is expected to export 10 million US dollars worth products a year.”

The 7.5 million US dollar plant is owned by Dimension Polyant Lanka, at Divulapitiya, in the Gampaha district in Sri Lanka’s Western province.

The firm is fully owned by its German parent, Perera said.