Dhanusha Group of Companies and VPI Norway has formed a joint venture to make and sell fibreglass products in Sri Lanka.
VPI Lanka (Pvt) Ltd was formed by Dhanusha Group of Companies and VPI Norway.
VPI Lanka has heavily invested in Sri Lanka and the company is manufacturing GRP (Glass Fiber Reinforced Unsaturated Polyester) fibreglass tanks in the country.
Errol Smith, Chairman of VPI Lanka (Pvt) Ltd said, “We are trying to promote the use of fibreglass tanks in Sri Lanka and fibreglass may be little bit expensive but on the long run it is very economical. We are giving a 50 year warranty for our fibreglass tanks. We have already setup a factory in Fullerton Industrial Zone, Kalutara and we have invested more than Rs. 10 million for the factory. We have got down raw materials, spraying machines and moulding machines for the factory,” he said.
“We are planning to introduce our fibreglass tanks to the National Water Supply and Drainage Board, Sri Lanka and the Indian Oil company. At the moment we are having discussions with those companies and we are looking forward to introduce the fibreglass tanks to government sector, private sector and the public,” he said.
Jens Morten Johannesen, CEO of VPI Norway said, “We have invested nearly half a million Euro for the project and we invested for the technical, working time and equipment. We can clearly see that the Sri Lankan market is very big and there are a lot of environmental possibilities because lot of steel tanks leaking in the country and we have the perfect solution for this problem.”
“We are giving the Norwegian technology to Sri Lanka and our company in Norway sprays fibre two and a half times faster than any company in the world. We provide products in Norway, Sweden, Denmark, and Northern Europe. We have a joint venture company in Indonesia where we manufacturing and sell fibreglass tanks to North African countries,” he said.
VPI Lanka (Pvt) Ltd started operations in Sri Lanka in 2015 and has done training and pilot projects. In 2017 the company got into the business. The company is having discussions with the Ceylon Petroleum Corporation and IOC for petroleum tanks, Water Board and other waste water treatment companies and construction companies for water storage and purification tanks.
VPI Lanka manufactures 5,000 liters to 50,000 liters of fibreglass tanks and these tanks are environmental and economical friendly solutions of storage and treatment tanks for pure water, spill water, process water, sewage water etc., for chemical and liquid petroleum products.
These GRP tanks have special features like Norwegian technology VPI AS Norway, supporting environment, made of non-corrosive material, light yet strong construction, short lead time, durability, maintenance free construction material, secure storage, 50 years of warranty, no effect by coastal area salt content and manufactured by skilled workers trained in Norway.
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