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Tuesday, April 22, 2025
Tuesday, April 22, 2025

HomeBusinessComfort Mattress Lanka invests $25 million in Hambantota Industrial Park

Comfort Mattress Lanka invests $25 million in Hambantota Industrial Park

Comfort Mattress Lanka invests $25 million in Hambantota Industrial Park

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Following the recent investment by Hambantota Port Group (HIPG) to upgrade crane facilities to expand container operations at Hambantota International Port (HIP), Comfort Mattress Lanka (Pvt) Ltd has become the first investor to seize the opportunity to start operations at the port. Industrial Park. With an investment of USD 25 million, the project targets key export markets including the USA, Europe and Canada.

Under a 30-year renewable long lease agreement with HIPG, Comfort Mattress Lanka will construct a 62,000 square meter factory dedicated to the manufacturing and processing of sponge mattresses. The facility will import raw materials from Southeast Asia and China and has an expected annual output of 7,000 TEU (twenty-foot equivalent units).

HIPG’s efforts to position the port as a gateway for transhipment and a major industrial hub include the continued development of HIP’s state-of-the-art container yard. Wilson Qu, CEO of HIPG, expressed optimism about the project’s potential, saying, “The container yard we are developing will handle transhipment and strengthen HIP’s positioning as a gateway port. We expect interest in the industrial park to increase over the next few years, and as Sri Lanka’s economy stabilizes, we expect industries outside the port to take advantage of HIP’s strategic location.

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