Yakdong Industries Co. Ltd- one of the 10 leading companies in Korea has invested US$ 50 million in the establishment of a large scale container manufacturing factory in Trincomalee.
The Chairman Heung Seok Gwon and the vice Chairman Kyeong Won Shin of Yakdong Industries Co.Ltd met with Prime Minister Dinesh Gunawardena at the Prime Minister&rsquos Office yesterday (14) and assured that the constructions of the factory will be completed soon so as to commence production within the next six months.
The factory will be established across 50 acres site in Trincomalee and the expected production is 10,000 containers per month. The company has already selected 32 welders from Sri Lanka to work initially in Korea and they will be used to supervise the employees in the Sri Lankan factory in future. They will recruit 70 more employees to the factory.
It is mentioned that leading international freight companies have already given orders to build containers. The factory will also purchase discarded containers to be renovated and used for several other purposes such as sales outlets, dwellings, agricultural purposes etc.