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SUV MAKERS TO INVEST IN HAMBANTOTA

Aug 24, 2011 6:53:36 AM - itnnews.lk

Two world renowned Sport Utility Vehicle manufacturers from Korea and Europe are to set up two assembling plants in Hambantota in the vicinity of Ruhunu Magampura Port.

According to Port Authority sources, the two companies will export the vehicles to South East Asian countries after assembling them in Sri Lanka. The sources said it will generate a large number of jobs for the youth in Hambantota. The companies will obtain raw material such as rubber bushes, rubber based raw materials, tyres and fabric that are used to manufacture SUVs from Sri Lanka.