COLOMBO : Korean Envoy Santhush Woonjin JEONG attended the inauguration ceremony of a Korean company in Sri Lanka, Hyosung Organic and Bio’s New Expansion Fertilizer Plant in Pannala,on Monday,Jan.30.
To mark this remarkable occasion, Hon. Mahinda Amaraweera Minister of Agriculture,Mohan Priyadarshana de Silva State Minister of Agriculture,Gunadasa Samarasinghe Secretary of Ministry of Agriculture and Moon Hyun Park, Representative of Hyosung Organic and Bio Company were present among other dignitaries.
At the inauguration ceremony, Korean Ambassador Santhush Woonjin JEONG congratulated on the new expansion fertilizer plant of Hyosung Organic and Bio Company and commended its contribution to the development of agricultural sector in Sri Lanka.
‘This is a great example of Korea’s state-of-the-art technology being used to realise Sri Lanka’s potential with its rich human capital. The world is making environmentally conscious choices and the agricultural standards are set to produce chemical-free, sustainable food products. Investment in innovation and technology is vital to transforming the agricultural sector. This plant uses fully automated state-of-the-art technology as well as a process and packaging system for an uninterrupted supply of organic fertilizer. As Sri Lanka’s largest organic fertilizer manufacturing plant and I am sure that it will support the Sri Lankan people and its economy in achieving a future free of chemicals and a healthier nation. The Korean government is now encouraging Korean companies to promote exports and investment cooperation with other countries including Sri Lanka by establishing and promoting a Task Force led by the President of Korea,’the envoy said.
Minister of Agriculture Mahinda Amaraweera appreciated the efforts by Korean companies to uplift the Sri Lankan agricultural sector by establishing the first and biggest organic fertilizer manufacturing plant in Sri Lanka. This invaluable investment will not only help the farmers to reap successful results but also strengthen the bilateral economic engagement. Minister Amaraweera also commended the Korean government’s development cooperation with Sri Lanka and the immeasurable support given to uplift the agriculture industry.
Moon Hyun Park, Representative of Hyosung Organic and Bio Company stated that ‘this plant in Sri Lanka is fully automated like the plant in Korea and the production capacity is 200 MT per day. Many countries including Sri Lanka are recognising the importance of switching from chemical fertilizer to organic fertilizer and are showing interest in organic fertilizer. The organic fertilizer subsidy system introduced by the Sri Lankan government helped us immensely. I am hoping to reinvest all profits from fertilizer to develop the agricultural industry in Sri Lanka.’
Hyosung ONB (Pvt) Ltd. is one of the biggest suppliers of organic fertilizer in Sri Lanka since 2008, and the organic fertilizer has yielded successful results during the agricultural seasons of Sri Lanka. As a response to the numerous requests from the Sri Lankan government, the new expansion plant of the organic fertilizer was established.