Saertex India, Managing Director and CEO Dr PKC Bose speaking to Daily News Business said subject to obtaining Sri Lankan government approval, the company will make a minimal investment of Euro 3-5 million for the project. The project will provide direct employments to 100-150 local youth.
In addition, the company is on the lookout of bringing its high end technology, expertise in the areas of sewerage and pipe rehabilitation activities into Sri Lanka and is seeking Sri Lankan government's approval in building yachts and coast guard boats for Sri Lankan Navy as well.
“Saertex group is engaged in manufacturing innovative products, optimized process technologies and customized solutions for its customers around the globe. Aramid is an organic polymer gained from a fluid, chemical mixture.
The light-yellow filaments can possess different properties, are very strong and have a very high specific modulus. Carbon fibres are produced by way of a controlled oxidation, carbonisation and graphitisation of carbonrich materials which are already in the form of fibres.
The raw material most frequently used is polyacrylonitrile (PAN), ” Bose said. Saertex has also embarked on a joint venture project with Ashok Leyland to introduce composite buses in India.
The buses will be made from environmental friendly fibre-reinforced glass and plastic composites as against the conventional gas-guzzling steel-bodied vehicles. A composite bus is lighter, consumes less fuel and resists corrosion and damage than steel-bodied buses.