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Light Engineering Products
The Foundry Industry is an important feeder industry for the engineering product sector in that it supplies parts and spares for machinery, equipment and tools etc. In addition to supply of vital components of various engineering products to tea & rubber industries, it also supplies a wide range of directly exportable metal products.
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Although mainly catering to the local market it has a high export potential. The industry at present exports few foundry products. Further it indirectly contributes to exports by supplying components to industries such as tea, rubber etc.
Although mainly catering to the local market it has a high export potential. The industry at present exports few foundry products. Further it indirectly contributes to exports by supplying components to industries such as tea, rubber etc.
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The foundries that are in operation in Sri Lanka have the production capabilities of grey iron casting, ductile iron casting, aluminum, brass and steel castings. The available capacity of annual production is about 100,000 tonnes, at present the maximum utilization is around 20,000 tonnes.
The engineering products sector in Sri Lanka consists of over 1000 manufacturing units which includes small & medium sized manufacturing units and the export oriented ventures which are located both within and outside the country’s free trade zones studies undertaken in Sri Lanka show that the local light engineering industry compares well internationally for both its efficiency and competitiveness. The country exports products such as precision tools, moulds and electrical enclosures and manufactures high quality water pumps and agricultural machinery for the local market.
There are several investment opportunities in the manufacture of products such as fans, room air conditioners, refrigerators, small engines and metal furniture.
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