Volvo to check on buying rubber components from Sri Lanka
ECONOMYNEXT – Sweden’s Volvo has agreed to consider the possibility of buying rubber components from Sri Lanka for its automobiles, Chairperson of the Export Development Board (EDB) Indira Malwatta said.
Sri Lanka has established a reputation for rubber gloves and tires, but needs to diversify its product range, she told a business forum held by the European Chamber of Commerce of Sri Lanka (ECCSL) and the European Union Delegation to Sri Lanka and the Maldives.
“We have very good tires and gloves, but we want to move to other products like auto components, such as wipers, which Sri Lanka does for the domestic market, but of which it is not an active exporter.”
Malwatta said the EDB has got consultants from Korea and Japan to work with auto component makers to upgrade quality so they can work with car manufacturers and join global value chains.
“Sri Lanka’s envoy in Sweden had approached Volvo, and Volvo’s vice president is visiting the island soon to look at its rubber components and see how Volvo can work with Sri Lanka,” Malwatta said.
“Exporters sometimes cannot knock on the doors of big buyers.”
(COLOMBO, July 21, 2017)