Shield Restraint Systems unveils state-of-the-art manufacturing facility with $ 8.5 m investment
Daily FT
|December 20, 2025
SHIELD Restraint Systems Ltd., has officially opened its cutting-edge manufacturing facility at the Export Processing Zone, Wathupitiwala, Nittambuwa, marking a significant milestone in Sri Lanka's industrial development and foreign investment landscape.
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The event was attended by senior executives from the United States, including TransDigm Inc., Executive Vice President Kevin McHenry and Shield Restraint Systems President Dennis Pursel along with Shield's executive team. Their presence demonstrated the company's commitment to expanding manufacturing operations and international partnerships.
Key Sri Lankan officials were also present, including BOI Chairman Arjuna Herath, Director General Renuka Weerakone, and other BOI executives. Representatives from the US Department of Commerce and US Embassy in Sri Lanka attended as well, emphasising the strong economic relationship between the two countries.
Shield Restraint Systems (Pvt) Ltd represents the Group's latest strategic investment in the country, manufacturing a comprehensive range of safety products for applications spanning child safety seats, commercial vehicles, construction and agricultural equipment, and amusement park rides. Shield has manufacturing facilities in Elkhart, Indiana, and Kunshan, China, and the new Sri Lankan facility marks Shield's strategic expansion into South Asia.
यह कहानी Daily FT के December 20, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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