Laugfs enters Australian Auto Gas Market
Laugfs last week commissioned its very first Auto Gas Conversion
facility in Perth, Western Australia.
The facility was inaugurated in Carlisle, Perth under the patronage
of the Chief Guest, Steve Arott, General Manager-Investment Attraction,
Department of Industry and Resources, Government of Western Australia.
Representing Laugfs Holdings at the ceremonial opening were W.K.H.
Wegapitiya, Chairman Thilak de Silva, Managing Director and Lalith de
Silva, Resident Director. Representatives from the Australian Energy
Authority, Australian Auto Gas Association and the Honorary Consul of
Western Australia for Sri Lanka were also present.
The venture into the Australian Auto Gas Conversion market was
precipitated by the introduction of substantial subsidies and incentives
by the Federal and the State Government to induce motorists to convert
petrol fuelled vehicles to auto gas. As a result, Laugfs, in their
numerous market development initiatives identified the potential scope
for a sizeable business venture in Australia.
Australian government regulators have traditionally focused on
measures to reduce the impact of harmful auto fuel emissions.
Over recent years, however, two other issues impacting on the
regional ambient air quality have assumed greater importance; the build
of greenhouse gases in the atmosphere and the health effects of various
air toxic substances in vehicle emissions. Auto LPG fuelled vehicles
have been proven to emit significantly lower levels of pollutants and
fewer greenhouse gases.
The combined strengths of LPG as a "greener" fuel was a catalyst for
the Australian Government to promote and adopt a policy aimed at
increasing the consumption of auto LPG.
Chairman, Laugfs Holdings W.K.H. Wegapitiya, said "we see the
conversion plant in Perth as our stepping stone to the Australian
market. We hope, over the next few months to enter into regional markets
such as Melbourne, Victoria. We are confident that Laugfs will do well
The economy in Western Australia is booming and is an ideal location
for investment. We are pursuing numerous other ventures in the
Australian market including the manufacture and recapping of solid and
industrial pneumatic tyres as well as the establishment of a chain of
consumer retailing supermarkets".
Managing Director Thilak de Silva, "Our vision is to be a Sri Lankan
multinational. We hope to diversify our operations in Australia and the
Australasian region including New Zealand and Fiji.
We are also looking into the possibility of expanding our operations
to the West Indies, namely Jamaica as well as the Maldive Islands.