AmSafe Bridport expands Sri Lanka factory with US$2.3mn investment
ECONOMYNEXT – AmSafe Bridport (Pvt) Ltd., an American firm making cargo pallet nets and other gear for aircraft, has expanded its factory in Sri Lanka with an investment of 2.3 million US dollars, the investment promotion agency said.
The Board of Investment said in a statement the new factory, in its Wathupitiwala Export Processing Zone, creates new production and employment opportunities.
“This is a 2.3 million dollar investment in Sri Lanka,” said Jason Abbott, President of AmSafe Bridport (Pvt) Ltd.
“We opened this facility as part of our commitment to continue our investment and growth in Sri Lanka. We will continue to invest in this country.”
Amsafe Bridport was established in November 2001 and was originally named Bridport Aviation.
“The recent expansion reflects our company’s continual growth,” said Chandani Ekanayake, General Manager of AmSafe Bridport’s operations in Sri Lanka.
“We started with 35,000 square feet of space dedicated to production and later added another 75,000 square feet. Currently we have a staff strength of 550. This recent addition of 55,000 square feet will set the stage for even more production and therefore employment by AmSafe Bridport.
“Over the years AmSafeBridport (Pvt) Ltd has considerably expanded and diversified the range of the products manufactured by the company. We began with cargo pallet net sub-assemblies but are now the world leader in this product, with most international airlines being our clients.
“We now dominate the manufacture and supply of cargo pallet nets and tie down straps.”
She said the firm has now embarked on producing more complex products, many of which have been developed in Sri Lanka, including a fire containment cover that can withstand 815 degrees centigrade of heat.
(COLOMBO, 08 October 2019)