With the opening of a two billion rupee plant with the most modern technology and an output of 1,200 metric tonnes a month, Alumex is trying to reduce prices and meet global competition.
“We’re trying to match the prices of the United Arab Emirates," Managing Director Pramuk Dediwela said.
"If we can match those prices, we don’t have to worry about imports coming from any part of the world."
He said that aluminium products in the UAE have high standards at low cost.
The Sri Lankan government has announced plans to remove all protectionist tariffs by 2020 to make the economy competitive.