Business
TransDigm Group joins BOI for 8.5 million USD investment in factory at Wathupitiwala EPZ
TransDigm Group is a US-based, 6.6 billion USD company that employs over 16,000 people. A pioneer in the global aviation engineering services supplier industry, TransDigm is the parent company of AmSafe Bridport that operates in Sri Lanka. Since 2001, AmSafe Bridport has been in operation at the Wathupitiwala EPZ in Nittambuwa. The company that provides engineering solutions to the global aviation industry and aircraft manufacturers like Airbus and Boeing, contributes significantly to the Sri Lankan economy.
A press release further elaborated: ‘Marking a significant milestone in their contribution to the economy, Shield Restraint Systems (Pvt) Ltd on Oct. 31 held a ground breaking ceremony for a state-of-the-art, manufacturing facility at the Wathupitiwala EPZ in Nittambuwa. The ceremony was held under the patronage of US ambassador Julie Chung.
‘Andrew Shinn the Economic Officer from the United States embassy in Colombo, Daniel Jackson the Economic and Commercial Officer from the United States embassy in Colombo, chairman of the BOI Arjuna Herath, Director General of the BOI Renuka Weerakone, Executive Director of Zones (BOI) M K D Lawrence, Executive Director Investment (BOI) Ranjith Dharmasiri, and Wathupitiwala Zone Director Prasad Silva were also present. Vice President of the Free Trade Zone Manufacturer’s Association Fazal Abdeen and Secretary of the FTZMA Tyronne Weckasinghe also graced the occasion.
‘Representing AmSafe Bridport UK, its president Audun Ror, Vice President of Operations Andy Davies, Vice President of Engineering & Sales Natalie Paul, and Vice President of Finance Tracy Jones were also present at the ground-breaking ceremony. President Dennis Pursel, and Vice President of Operations Adam Cole represented Shield Restraint Inc., USA.
‘The brand new facility will be constructed with an investment of 8.5 million USD. The plant which will manufacture export-grade safety restraints like seat belts, nets and other safety restraint equipment, will provide job opportunities for 500 skilled workers.
‘Due to the new tax revisions put in place by the United States on goods manufactured in China, American companies are looking for alternative countries to set up their manufacturing plants. After conducting extensive feasibility tests, AmSafe Bridport chose Sri Lanka for the new plant set-up over other countries like India, Mexico, Thailand and Malaysia. Accordingly, Sri Lanka’s investment-friendly climate prompted Shield Restraint Systems to move the manufacturing plant from China to Sri Lanka.
‘Speaking at the ceremony General Manager of AmSafe Bridport Chandani Ekanayake said, “The brand new facility marks a significant milestone in Sri Lanka’s manufacturing capabilities. Creating 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 are also looking forward to creating a positive impact to 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 kick starting the production by the (enter timeline here)”.
‘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, protection netting and much more.’
Business
Sri Lanka’s first generative AI‑powered, trilingual insurance assistant
Sri Lanka Insurance Corporation General Limited (SLICGL) unveiled Beechat, the country’s first generative AI‑powered insurance assistant, heralding a milestone for Sri Lanka’s insurance industry and move towards digital services.
Beechat is designed to transform the customer experience. Available through the SLICGL website (https://www.slicgeneral.com/) and customer portal, the Assistant offers customers instant access to policy information, real-time claim status updates, and insurance-related help 24 hours a day, seven days a week.
For customers, Beechat makes insurance simpler and always available. Instead of waiting in queues, calling hotlines, or being limited to business hours, customers can check policies, track claims, and receive instant answers in Sinhala, Tamil, or English, empowering every customer, whatever their language, to manage their insurance with ease.
The inclusivity ensures every customer, regardless of language preference, can engage with insurance services seamlessly. The AI‑driven platform reduces complexity, eliminates delays, and builds trust. Ultimately, Beechat transforms insurance from a process often seen as slow and complicated into a smooth digital journey that fits modern lifestyles.
The launch of SLICGL Beechat is strategically important for the organization because it strengthens its position as a leader in innovation within Sri Lanka’s insurance industry. Introducing the country’s first generative AI‑powered, trilingual insurance assistant, SLICGL demonstrates a commitment to digital transformation and technology‑driven service excellence.
The initiative reaffirms the company as forward‑thinking and customer‑centric and differentiating from competitors who still rely on traditional service models. It signals to industry stakeholders that SLICGL is setting new standards for accessibility, efficiency, and convenience in insurance.
Pioneering AI‑driven customer engagement, the company sets a new benchmark. Beechat demonstrates how technology can elevate insurance from a traditional service into a dynamic, futuristic experience, strengthening SLICGL’s relationship with the people it services. (SLICGL)
Business
‘Lanka Tractors returns with a historic Colombo 11 showroom’
Lanka Tractors Limited officially reopened its original showroom in Colombo 11, marking the return of one of Sri Lanka’s most recognised agricultural machinery companies and the official launch of the ACE Tractor brand in the country.
Located at 343 Olcott Mawatha, Colombo 11, the showroom was ceremonially declared open by Chief Guest Dudley Sirisena, Chairman of the Araliya Group of Companies, in the presence of Upul Jayasuriya, Chairman of Lanka Tractors Limited, Thilina Abeysuriya, Managing Director, Nishantha Yapa, Head of Business, and Rajiv Gunawardena, CEO of Asia Asset Finance PLC.
Originally established in 1971 as the State Trading (Tractor) Corporation, Lanka Tractors was restructured in 1991 and became one of Sri Lanka’s largest importers and distributors of agricultural machinery. Over the decades, the company represented internationally renowned brands including Massey Ferguson, Kubota and TAFE, earning the trust of generations of Sri Lankan farmers through quality products, technical expertise and dependable after-sales support. The reopening of its original Colombo 11 showroom, first established in 1982, marks the revival of an institution that has played a pivotal role in the mechanisation of Sri Lankan agriculture for more than five decades.
The company’s revival commenced in late 2025 through an exclusive partnership with ACE Tractors, the agricultural division of Action Construction Equipment (ACE) Limited, one of India’s leading engineering and manufacturing companies. ACE manufactures tractors, agricultural machinery, construction equipment and industrial equipment, with annual production capacity exceeding 9,000 tractors, exports to more than 37 countries, and a dealer and service network spanning over 100 locations worldwide.
Prior to the commercial launch, Lanka Tractors adopted an extensive validation programme to ensure the products were ideally suited to Sri Lankan farming conditions. Three introductory models—the ACE VEER 3000 (26 HP 4WD), ACE DI 350 NG (40 HP 2WD) and ACE DI 450 NG (45 HP 4WD)—underwent rigorous field testing across multiple agricultural regions under the supervision of ACE technical specialists. Following several product refinements based on local operating conditions, the tractors were introduced to the market in April 2026.
Business
Akurugraphy exhibition opens at Geoffrey Bawa Space in Colombo
The desire to communicate and be understood is at the heart of what it is to be human. In contemporary life, digital infrastructure underpins how we work, live, and share information, but the letterforms that carry our languages are rarely neutral.
Arkurugraphy, a new exhibition at the Geoffrey Bawa Space, explores the history, culture, and future of letterforms across Sri Lanka’s three official languages. Presenting the decade-long practice of Colombo-based type foundry Mooniak, it examines how decisions about the digitisation of Sinhala, Tamil, and Latin scripts impact legibility and carry deep consequences for who is seen, who is heard, and whose language endures.
Writing systems carry human thought and knowledge across time and space. Letterforms can become a form of cultural artefact, unique graphic symbols representing identity and belonging. Today, these inherited letterforms often take shape as digital fonts, their design demanding fluency across history, aesthetics, linguistics, and technical standards. Akurugraphy asks audiences to look at letterforms beyond the act of reading: to appreciate their form, trace their past, and consider the decisions that impact their future.
Akurugraphy brings together typographic specimens, archival material, and software development spanning Mooniak’s full body of practice. It is a celebration of letterforms as art and an examination of the technical and political stakes of designing scripts for the digital age. As part of the exhibition, the Geoffrey Bawa Space will host a programme of monthly talks, curatorial tours, workshops, and children’s programmes.
Akurugraphy is open Wednesday through Sunday, 10:30 a.m. – 5:30 p.m., and will be on view until 8 November 2026. The exhibition is designed to be accessible and welcoming to all visitors. The Geoffrey Bawa Space offers step-free access and wheelchair accessible facilities. Tactile elements are available throughout the exhibition. More information is available at geoffreybawa.com/akurugraphy .
-
News5 days agoSingapore-based Buddhist monk marks nearly four decades of humanitarian service
-
News6 days agoFreedom 250: US Embassy celebrates America’s 250th Independence Day through magic of American cinema
-
News4 days agoAI concerned over proposed SL military deployment in Haiti
-
News7 days agoUNEP support pledged to strengthen Sri Lanka’s Environmental Priorities
-
Midweek Review2 days agoUnexpected focus on ‘pieces of tin’ worn by military men
-
Features5 days agoThe NPP’s New Challenge: Balancing Easter Lawfare and Economic Welfare
-
Latest News3 days agoNyamhuri and Ngarava stun Bangladesh by defending 141
-
Latest News6 days agoUkrainian suspect hunted by police after Monaco bomb attack was ‘disguised as a man’
