Business Times

Shaw Wallace Ceylon, McLarens Holdings form joint venture in automotive sector

Two of Sri Lanka’s oldest companies - Shaw Wallace Ceylon Ltd (a subsidiary of Renuka Holdings PLC) and McLarens Holdings Ltd signed a joint venture agreement on Thursday by forming McShaw Automotive Ltd to create an islandwide extensive automotive distribution channel.

The new joint venture, McShaw Automotive Ltd, aims to be the acknowledged market leader in the automotive sector in Sri Lanka excelling through global partnerships, innovation and technology while growing organically and by acquisition, according to a sttement issued by Shaw Wallace.

The company will be actively focusing on its business sectors inherited from the joint venture partners which include distribution of lubricants, car care products, tyres and tubes, batteries, auto parts and automobile fleet management.

Speaking at the launch ceremony Shamindra Rajiyah, Joint Managing Director said, “The primary focus of McShaw Automotive Ltd is to provide the Sri Lankan automotive industry with a one stop solution for most automotive needs by supplying the best of products and services. Proper maintenance alone is not sufficient to keep a vehicle in optimum running condition, the products and brands used also play a significant role and this where we will be excelling in.”

The company’s product portfolio includes Mobil automotive and industrial lubricants, Delphi Lockheed brake oil, Dunlop two wheeler tyres, Pioneer three wheeler tyres, Grip vehicle tubes and Cyclo car care products, some being market leaders in their categories.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Suntel saga: Now SLT in the running with $200 mln deal
Customs to open Green Channel for 75 companies
Sapugaskanda oil refinery project meets Iranian hurdle
Sanken, JKH JV on 240-room business hotel in Colombo
Largest-ever company sponsored overseas trip
COMMENT - Persisting conflicts of interest
Das Kapital in a tea cup
Colombo Dockyard beats international competition to win another top contract
Most Sri Lankans believe economy has improved-study reveals
SLASSCOM elects new Chairman and board for 2011
Sri Lanka is a goldmine for tourism, says expert
Another environmental accolade for SriLankan Catering
Eagle unit offers to retail investors on IPO investmentds
Market research needed to minimise risk and uncertainty in markets
COYLE launches series on successful Lankan entrepreneurs
Industrial Gases Pvt Ltd begins dry ice production
Derivatives: Need to create market maker (participant)
Commercial Bank to support national development with IFA loan
LINA Manufacturing (Pvt) pioneers export of dry powder respiratory care products
Janashakthi records post-tax profit growth of 93%
SriLankan Catering wins sixth environmental award
Nestlé Lanka receives highest number of awards at Achievers 2011
Sri Lanka car market registrations slump in July
Motor Traders Association comes up with a novel concept on road safety
Shaw Wallace Ceylon, McLarens Holdings form joint venture in automotive sector
Sathosa Motors focuses on product development and new technologies
A Singapore company offers dedicated service for Hybrid cars in Sri Lanka
SEC fine on ERI; Easy way out?
Large shareholders say no shine at Blue Diamond
Controlling shareholders enrich themselves at cost of independent minority shareholders- investor
ICASL launches 'Induction to Hall of Fame' to recognize outstanding senior chartered accountants
Big business at the Colombo bourse
Promoting SriLankan Airlines’ surfing competition
CB Governor says Sri Lanka's GDP would reach $100 billion in five years

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution