SRI LANKA EXPORT DEVELOPMENT BOARD
 Welcome to srilankabusiness.com
Trade
Information
Economic Research
& Studies
E-promotions Publications
& Newsletters
Trade
Directory
Trade Statistics Trade
Events
Special
Projects
Cyber Trader
Home l About Us l About Sri Lanka l Contact Us l Site Map  
Cyber Trader - The e-business Center@EDB Sri Lanka  Export Development Board
 
  Sri Lankan Products
 
Aquarium Fish, Aqua Culture and Seafood
Coconut and Coconut Products
Light Engineering Products
Foliage and Cut Flowers
Footwear and Leather Products
Fruits, Vegetables, Cereals, Cashew and other Agricultural Produce
Handicrafts
Handloom Textile Products
Information Communication Technologies (ICT)
Gems & Jewellery and Diamond Products
Granite and Mineral Sands
Plastic Products
Porcelain and Ceramic Products
Printing Services
Food, Beverages and Edible Oil
Apparel and Accessories
Rubber and Rubber Products
Other Services
Spices, Essential Oils and Medicinal Herbs
Tea
Toys
Wooden Furniture
  Potential Markets
  Trade Policy
  Sri Lanka Trade Guide
  Trade Agreements
   
   
   Sri Lankan Products
  You are in Trade Information > Sri Lankan Products > Light Engineering Products
 
  Light Engineering Products
  Introduction
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.

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.

The development of the foundry industry is of great importance to the engineering sector. The Foundry Development & Services Institute (FDSI) has been established and is owned, run and operated by the private sector foundry industry in Sri Lanka. The FDSI efforts are aimed at improving the productivity; quality and the market share of the foundry sub-sector and upgrading the foundry industry so that castings to international specifications could be produced.

Although the membership of FDSI is more than 50 companies, at present there are about 25 companies in operation.

The present structure of the foundry industry is as follows:

    Capacity
Large scale 6 <01Tonne & above
Medium Scale 8-10 101kg<01Tonne
Small Scale 9-11 10kg < 100kg

The available capacity of annual production is about 100,000 tonnes, at present the maximum utilization is around 20.000 tonnes. Hence the industry uses only 20% of its capacity.
  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 agriculture machinery for the local market.

These products could be sub-divided into two main categories.
Engineering products for industrial and agricultural use
  Fasteners, locks, Tower bolts, Hinges, sprayers and fire Hydrants, Fire Bars, Man hole covers, Sluice gates, Machinery parts, Marine fittings, Sign Boards, Locomotive parts, weighing scales, agricultural machinery, rice milling units, hullers, industrial, Agro water pumps Sawing machine parts, Refrigerator parts etc.
Engineering products for consumer use
  Sawing Machines & Ceiling fans, Pots &pans, locks and handles, Garden equipment, domestic water pump oil lamps & other Souvenirs,

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.
Investment
There are several investment opportunities in the manufacture of products such for fans ,room air conditioners, refrigerators ,small engines and metal furniture.

       
  Exports of Foundry/Engineering Products for Sri Lanka (Value in Rs.Mn.)
 
  2000 2001 2002 2003
Iron & steel products 817.35 784.76 1368.18 1011.3
Copper products 112.48 301.2 6380.82 11568.68
Lead products 250.39 110.63 314.08 285.6
Tools & Equipments 7.69 39.52 119.29 31.17
Others 72.57 99.25 79.91 356.13
Total 1885.12 1912.42 9196.87 14145.05
  Source: Sri Lanka Customs
   
  Exports of Light Engineering Products -Value Rs.Mn Major Export Markets (Exclude Scrap Metals)
 
Market 1999 2000 2001 2002 2003
  14,468
18,604
22,210
29,201 38,012
India
58 143 533 7,760 14,991
Germany
1,784 2,010 3,298 3,813 4,779
United Kingdom
1,004 1,923 2,092 3,103 2,903
Singapore
577 1,104 3,108 4,529 3,879
Japan
2,497 3,013 3,005 898 1,725
France
145 262 1,548 1,433 593
United Arab Emirates
105 146 796 888 433
Hong Kong
851 1,119 1,057 1,348 3,726
United States
1,012 1,533 1,353 1,894 1,054
Switzerland
742 1,048 887 625 623
Sweden
317 307 273 190 224
Philippines
13 22 23 87 264
Netherlands
82 145 134 157 260
Maldives
503 173 150 309 269
Indonesia
23 22 41 118 155
Bangladesh
23 38 136 126 59
Ireland
73 95 114 108 155
  Source: Sri Lanka Customs Returns
     
PAGE TOP PAGE TOP