Feb 08, 2019 (LBO) – Flexicare (Group) Limited, a UK manufacturer has gained BOI approvals to begin laying the foundation for its newest state of the art manufacturing facility in Sri Lanka.
The project which will be located in Bandaragama is expected to represent an investment in excess of U$10,000,000 over the course of the coming years and will create 600 new jobs in the region, in what is the first medical device manufacturing of its kind in the country with a fully integrated operation.
The company with subsidiaries in over 12 countries and 2 manufacturing sites, provids disposable medical consumables to over 110 countries.
The Agreement was signed on behalf of Flexicare by Ghassem Poormand, Chairman of Flexicare (Group) Limited.
Ghassem Poormand stated “Manufacture has been done in China since 2003 due to the expansion and growth of the business. We decided to manufacture in Sri Lanka due to market access to South Asia and South East Asia.”
“In Sri Lanka, the manufacture will initially be for items such as oxygen masks, nasal capula, Aerosol products and later be expanded to anaesthetic products.”
Flexicare Lanka was established in 2018 with a view to build a new bespoke operation in the heart of Sri Lanka, that will seek to support both the local market which Flexicare has been supplying with its exclusive distribution partner Technomedics International Pvt Ltd for more than 15 years, but also the international healthcare arena that Flexicare is active in.
Sri Lanka was chosen as the outright choice for its 3rd manufacturing site due to the excellent infrastructure and forward investments in the country as well as its access to a world class export port that will serve the global markets that Flexicare is active in.