http://www.lbt.lk/news/business/2346-electro-drive
An official from the company said that they would import new machinery and intensify their refrigerator, washing machine and other product assembly line in Sri Lanka. “The company would have more value addition in Sri Lanka and we are also hoping to export parts to India,” he said. US $ 20 million would be invested this year and the expansion process would generate more than 400 new employment opportunities. “200 new jobs would be created this year,” he added. According to recent rating agency reports, Abans has adequate liquidity and has achieved a compounded annual revenue growth of over 25 percent in the past three years, with current group revenues in retailing alone expected to be in excess of Rs 25 b.
Abans has a network of over 400 showrooms island-wide and a wide range of products from internationally acclaimed brands such as LG, Toshiba, Mitsubishi Electric, Haier, Whirlpool, Electrolux, Sanyo, Sharp, Philips, Apple and HP. Abans is also involved in financial services, environmental solutions,transport and logistics, cash management solutions, automobiles, restaurants and real estate development. Abans started business in 1968 as a little corner shop. Today it stands tall in a majestic multi storeyed building in Colombo’s main thoroughfare and employs a dedicated and committed work force of over 4000"