Signing of Agreement
Note for Signing of Agreement with REGNIS Regnis (Lanka) Plc is a member
of the group of SINGER Sri Lanka companies and is engaged in manufacture
and assembly of refrigerators and split type air conditioners. Producing
foams and plastic components for refrigerators also done by the Company.
REGNIS is the market leader of domestic refrigerators.
Foams are used as thermal insulation in refrigerators, REGNIS used chemical
called Polyol and HCFC 141 b to manufacture foams.
Under the HCFC phase-out Management plan for Sri Lanka, Executive Committee
of the Multilateral Fund for the Implementation of the Montreal Protocol,
at its 62nd meeting through Decision 62/ 54, approved the grant of US$
18,866 to REGNIS as incentive payment for converting their existing
foam manufacturing facilities using HCFCs to non-HCFC technology and
to phase-out of HCFCs in accordance with the agreement that is sign
Though the REGNIS shall permanently discontinue the use of HCFCs as
of 31 March 2014, it has already completed converting to ozone friendly
technology (changing into Cyclopentane – a type of hydrocarbon)
eliminating use of HCFC 141 b completely. It has come to know that Company
has spent US$ 350,000 for this project
This is a remarkable achievement particularly for Sri Lanka, because
this is an encouraging example that private sector fully committed to
support HCFC Phase-out Management Plan in our country, even before the
target set out by the protocol.
So, as the Secretary of ME&RE, thank REGNIS for taking great effort
to support phasing out programme of HCFCs as planned and NOU for initiating
Mr. Balaji of UNDP in Bangkok also took extraordinary effort to make
this project a success and he also deserve our praise.