📈 Asahi Dyes & Chemicals Opens US$ 20.4 Mn Facility in Biyagama EPZ

• Investment Overview: Asahi Dyes and Chemicals SL (Pvt) Ltd opened a US$ 20.4 Mn advanced facility at the Biyagama Export Processing Zone, creating 281 direct jobs. The project is a joint venture between Japan's Asahi Dyes & Chemicals Co., Ltd. and Sri Lanka's Asons Ltd. • Industry Impact: Boosts Sri Lanka's high-value manufacturing and apparel & textiles sectors by driving vertical integration. It localizes production of textile dyes, printing, and finishing chemicals, reducing dependence on imported chemical inputs. • Global Reach & Tech: Blends Japanese technology with processing solutions from Italy's Tonello to supply export markets across Asia and Southeast Asia. • Sustainability: Developed to LEED v4 BD+C green standards, incorporating energy optimization, water conservation, advanced wastewater treatment, and carbon reduction aligned with ESG principles.