MTD Walkers ventures into infrastructure development support services
View(s):MTD Walkers PLC, one of Sri Lanka’s top diversified holding business groups, has further diversified its business interests by establishing a “new”
strategic business unit (SBU) named Walkers Equipment Ltd.
This new subsidiary was incorporated for the primary purpose of conducting business activities as an Infrastructure Development Support Business (IDSB) and to handle the distribution and maintenance of infrastructure development related machinery / equipment and allied products, according to a company statement.
“Walkers Equipment Ltd was set up also taking into consideration the strategic and competitive advantage it offers to MTD Walkers PLC – which has under its umbrella both CML – MTD Construction Ltd and Walkers Piling Ltd, both of which are amongst the top five infrastructure developers in Sri Lanka. Both these companies are engaged in numerous infrastructure development projects in Sri Lanka and overseas,” the statement said.
The new firm has acquired the franchisee rights for ‘SANY’ branded machinery and equipment and is the exclusive and sole distributor for ‘SANY’ in the territory of Sri Lanka and Maldives. ‘SANY’ is amongst the largest and most established manufacturers’ of machinery and equipment in China with over 36 production facilities in China, USA, Germany and India and is also ranked amongst the top 10 global manufacturers of machinery and equipment.
“Walkers Equipment Ltd has set itself lofty goals of becoming a full line supplier of construction machinery and equipment, as well as achieving market leadership for its product portfolio within the next five years of operation,” said Yung Sheng Tsung, General Manager – Walkers Equipment Ltd.