Sri Lanka’s AMW Manufacturing expands capacity with positive outlook for 2021
Sri Lanka’s pioneering tyre manufacturer, AMW Manufacturing, has reportedly risen above the challenges of the past year with a very positive outlook for 2021.
The company has dealt exceptionally well with COVID-19 and thrived amidst the novel market challenges to record impressive growth during 2020, which has been the result of acting quickly and decisively to completely restructure the company’s internal processes so as to cater to a post-COVID marketplace, the Daily FT has reported.
Proactively rising to the COVID-19 challenge from the very initial stage, AMW Manufacturing had reportedly worked closely with the Sri Lanka Standards Institute to implement a state-of-the-art COVID-19 Safety Management System and was the second organisation in the country to have its COVID-19 safety system certified.
As a result, AMW Manufacturing has managed to continue its operations unhindered while ensuring the health and safety of its associates. With equal proactiveness, the entire organisation was repositioned for even greater customer focus, supported by a change of structure, internal processes, intensive training for all employees and a complete overhaul of SOPs to ensure faster response times and a single point of contact for customers.
“Our strategic initiatives are centered on creating customer centric organisation supported by engaged employees, lean business practices and technology, which will ensure that we live our promise of ‘Going the Extra Mile,’” AMW Director Lasantha Wijeweera has been quoted as saying. “Our focus on superior product and service quality as well as customer value addition has delivered results during the past few challenging months. So, our investments in people, processes and technology will continue, and we are certain of achieving even greater results.”
He has further stated, “As we forge ahead, we are very optimistic about the market, especially in our area of expertise – material handling tyres. We will continue to build on our present position of strength by frequently incorporating the latest technology as we strive for even better business success.”
OSL take:
The positive movements in Sri Lanka’s economy is indicative of the expansion of manufacturing capacity of local manufacturers. Sri Lanka’s economy has shown great resilience through the years and is already showing strong signs of returning to normalcy after facing challenges posed by the global Covid 19 pandemic. With the positive outlook for 2021 along with interest shown by foreign investors, Sri Lanka is becoming an attractive business destination. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a business hub in the South Asian region.
| Article Code : | VBS/AT/20210322/Z_6 |