Variosystems doubles its electronics production in Sri Lanka
The Morning: After a construction period of one-and-a-half years, Variosystems finished plant expansion in Sri Lanka, thereby doubling its production capacity. The global electronics service partner with headquarters in Steinach, Switzerland, is now manufacturing electronics and wire harness solutions over an area of 30,000 square meters.
The state-of-the-art new building is an energy-autonomous construction and has received the Platinum Green Building Award. At the opening on 24 November, the management of Variosystems welcomed more than 100 guests.
“The location in Sri Lanka is a central component of our vision. We want to support international customers with local supply chains, competitive prices, and global quality standards – true to our motto ‘co-creating leading innovators.’ Through the expansion, we are strengthening our presence in the growing Asian market and our global electronics supply chain,” announced Variosystems Chief Executive Officer Stephan Sonderegger at the opening.
With 30,000 square meters for the high-volume production of high-quality electronics and wire harness solutions, by doubling its production capacity in Sri Lanka, Variosystems is setting the course for further global growth.
One-and-a-half years after the start of construction, the electronics service partner opened the new building in Badalgama in the presence of more than 100 guests. The largest location of the group offers – in addition to the high-volume electronics and wire harness production – space for sales, purchasing, logistics, test engineering, and quality-management services.
Together with the whole executive leadership team, Sonderegger greeted numerous guests from industry and politics.
“With its 25 years of experience in Sri Lanka and steady growth, it is a perfect example of the economic partnership between Switzerland and Sri Lanka. As a result of its social and sustainable commitment to the region and its population, the company has become an integral part of the economic mosaic of Sri Lanka,” emphasized Swiss Ambassador Siri Walt.
As a full-service provider of electronics solutions, Variosystems covers the entire value chain from development, industrialization, and production to life-cycle management. The internationally active Swiss company has been operating in Sri Lanka since 1998. The Badalgama location in the north of Colombo was opened in 2013. It currently has more than 1,300 employees. The expansion will create around 600 further jobs over the next three years.
“The expansion of the manufacturing facilities in Sri Lanka was a logical step in the development of the ‘Varioexperience’ for our customers. In this way, we can continue to meet the growing demand for first-class electronics manufacturing services in the region in the future,” explained Chief Operating Officer Stefan Walther.
State-of-the-art production lines and the latest machinery enable the efficient and flexible production of electronics solutions compliant with the highest quality standards. Wire harness solutions for industry as well as the transport and mobility sector are also manufactured in Badalgama.
In addition to quality, Variosystems focuses on the highest social and environmental standards in its internationalization. Besides production and office space, the site in Sri Lanka also accommodates a wastewater treatment plant for the irrigation of a vegetable cultivation area for employees. The electricity requirements of the 30,000-square-metre site are met in an environmentally friendly manner by a photovoltaic system with an output of 1.4 megawatts.
The Green Building Council of Sri Lanka (GBCSL) recognized the energy-autonomous new building with the aforementioned award. With its own hostel, sports facilities, library, healthcare station, canteen, and training center, Variosystems offers local specialists an attractive working environment.
OSL take:
Sri Lanka’s manufacturing industry has shown great resilience through the years by recording growth even amidst challenging economic conditions. With the country’s economy back on track and expanding economic activities, new business/investment opportunities have opened up in Sri Lanka’s manufacturing industry. The many trade agreements as well as trade concessions enjoyed by the country have also helped boost Sri Lanka’s manufacturing industry, especially in the export sector. The expanding opportunities have resulted in businesses already engaged in the manufacturing industry engaged in infusing more funds to operations aimed at further expansion. With the country adopting a green economic policy, the country’s manufacturing industry is also looking at a transformation in the form of more opportunities. The profits recorded by local businesses in the manufacturing industry is indicative of the lucrative nature of the business. Given the growing business potential in Sri Lanka’s manufacturing industry, foreign businesses could explore the expanding business/investment opportunities in the industry. Foreign businesses could also look at forming partnerships or joint ventures with local businesses engaged in the manufacturing industry with the aim of further expansion.
| Article Code : | VBS/AT/20231201/Z_7 |