STI Holdings facilitates trading ties between Sri Lanka and Jiaozhou

Friday, 27 December 2019 00:00 - - {{hitsCtrl.values.hits}}

Sri Lanka’s own STI Holdings (St. Theresa Industries Holdings) joined several government and corporate entities to facilitate an important trade visit from Mayor of Peoples Government of Jiaozhou Bi Weizhun and his delegation recently. The visit culminated successfully following several trade developments between Sri Lanka and Jiaozhz including signing of MoUs.

During the course of the visit, Ceylon Chamber of Commerce and Bureau of Commerce, Jiaozhou signed a MoU to promote and facilitate trading and business opportunities to enhance bilateral trade between Sri Lanka and Jiaozhz. The delegation also discussed further matters including plans to set up an economic and trade representative office at the Shenghe International Trade Centre with the Ceylon Chamber of Commerce.

The delegation from Jiaozhz met Minister for Transportation, Energy and Power Mahinda Amaraweera during the visit. The delegation also visited the Sri Lanka Port and met Director Logistics Upul Jayatissa, at the Port Authority.

“We at STI Holdings envision a prosperous future for Sri Lanka marked by cordial bilateral ties with global entities. It was a pleasure to be part of the endeavours to nurture relations with Jiaozhz. Building mutually beneficial relations with entities around the globe is pivotal to Sri Lanka’s economic growth,” commented STI Holdings Founder and Managing Director Colin Fernando.

STI Holdings deals with the transmission and distribution of electrical power, solar power, hybrid solar, construction, electrification, steel fabrication and telecommunication. Launching in 1973 from humble beginnings, STI Holdings embraced innovation to evolve into a true Sri Lankan powerhouse in the spheres of power generation and industrial steel product manufacture for power transmission with state-of-the-art facilities. As the only private transmission tower manufacturer in Sri Lanka, STI Holdings handles 98% of Sri Lanka’s power distribution through its transmission towers.

STI Holdings consists of five subsidiary companies, namely St. Theresa Industries, St. Theresa Industries Kenya, Samudra Lanka, STI projects and the SINO-STI Corporation. Each company makes a significant contribution to the country’s GDP through various social and economic avenues.