Gas World to add another ASU plant to increase medical and industrial oxygen production capacity
Gas World Ltd. (GWL), which is a wholly owned subsidiary of Industrial Gases Ltd. (IGL), has decided to increase the medical and industrial oxygen production capacity by adding another ASU plant.
According to local media reports, GWL had commissioned in April its third plant to boost production capacity to almost 38 tons per day.
The commissioning of this plant was delayed due to the Covid-19 pandemic in China from November 2019 till end 2020.
Industrial Gases and Gas World Chairman Sumith Guruge has been quoted as saying in the local media, “This was a part of our normal capacity expansion based on pre-COVID-19 economic conditions. Fortunately, this plant was commissioned in April 2021, enabling local production capacity to meet the bulk of Sri Lanka’s health sector needs during the early days of the third wave of the pandemic. This enabled the company to increase its supply of oxygen to the health and industrial sectors from around 10 to 40 tons per day.”
“We have maintained our prices to the health sector stable throughout the pandemic and with the commissioning of the fourth plant, Gas World will double its oxygen and nitrogen output. With a vibrant vaccination program and other health safety measures in place, we are confident that the pandemic would fade away sooner than expected, enabling the local industries such as construction, production-related, Port City development etc. to experience a considerable boost,” Gamage has further stated.
The company has said its goal was to be prepared for such an exponential growth to ensure an uninterrupted supply of gases without any adverse impact on national development.
The ongoing Covid 19 pandemic has opened up new business/investment opportunities covering many sectors, especially the health sector. There have been an increase in the manufacturing process of health and medical devices. The surge in Covid 19 cases has created many business/investment opportunities in Sri Lanka’s health industry. Ranging from personal protective gear, urgent medical devices to oxygen, there’s a growing demand in the local market. Foreign businesses/investors could therefore explore the growing business/investment opportunities in Sri Lanka’s health manufacturing sector.
|Article Code :||VBS/AT/30082021/Z_7|