Wednesday, February 26, 2025

TransDigm Group to invest USD 8.5 m in BOI company

by malinga
November 17, 2024 1:05 am 0 comment 553 views

Shield Restraint Systems (Pvt) Ltd, a member of the US-based TransDigm Group, held a ground breaking ceremony for a state-of-the-art, manufacturing facility at the Wathupitiwala EPZ in Nittambuwa last week.

The ceremony was held under the patronage of US Ambassador Julie Chung.

The new facility will be constructed with an investment of USD 8.5 million. The plant which will manufacture export-grade safety restraints such as seat belts, nets and other safety restraint equipment, will provide job opportunities for 500 skilled workers.

General Manager of AmSafe Bridport, Chandani Ekanayake said, “The brand new facility marks a milestone in Sri Lanka’s manufacturing abilities. Creating over 500 job opportunities for talented Sri Lankans, the facility will also open avenues for many other support services and other stakeholders involved in the business. We look forward to creating a positive impact on Sri Lanka’s export earnings, and thereby contribute to the recovering economy as well”.

“Shield is trusted globally for manufacturing the highest quality safety restraint equipment under processes that are based on the ISO9001 and IATF16949 standards. The high quality material used for manufacturing ensures utmost comfort and security for the end user. We are proud to be the manufacturing hub for these equipment and look forward to completing this facility, and beginning production soon.”

The production lines will include, child passenger safety restraints and buckles, commercial vehicle restraints, construction vehicle seat belts, emergency vehicle seat belts, material handling restraints, recreational vehicle restraints, integrated child harnesses, and protection netting.

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