Speaking at the opening, BOI Chairman Duminda Hulangamuwa commended the investment and the commitment behind it, wishing the company well. Founded in 1932, Asahi Dyes and Chemicals Co., Ltd. has earned an international reputation as a leading manufacturer of specialty chemicals, with expertise spanning sulfur chemistry, pharmaceutical intermediates, electronic chemicals and high-performance textile dyes. The Biyagama facility will manufacture a range of specialty chemicals, including textile dyes, printing chemicals and finishing chemicals for the textile and apparel sector, serving export markets across Asia and Southeast Asia and strengthening Sri Lanka's export portfolio and regional supply-chain resilience. Asahi Dyes and Chemicals SL represents more than a single foreign investment project. It symbolizes the convergence of Japanese technological excellence, Italian innovation and Sri Lankan industrial capability, creating a platform for sustainable growth, advanced manufacturing and international competitiveness — and reinforcing Sri Lanka's ambition to become one of Asia's leading destinations for high-value foreign direct investment.