DIMO looks ahead with new identity serving 80 years in automotive industry
View(s):Stepping into the 80-year mile stone Diesel and Motor Engineering PLC (DIMO) is now repositioned to grow competitively and meet future challenges in automotive industry, top officials of DIMO said.
In the declining trend of vehicle imports with grey market practices and high taxation, it is the automobile dealers who are facing the heat of this non-level playing field, Chairman/MD of DIMO Ranjith Pandithage told a media round table conference in Colombo this week.
These challenges continuously pressurise automobile dealers to either find a new channel of revenue within the automobile retailing business or even push them to find new roads to sustain the existing business, he added.
DIMO is now pursuing projects especially in infrastructure development arena such as wind power, substations and Colombo rehabilitation project in sewerage with L&T, etc.
DIMO has been in the agriculture industry for some time providing agri-machinery solutions and boosting the agriculture mechanisation process in the country through products such as Mahindra Tractors, Claas combine harvesters and other high tech equipment.
The company entered into the agriculture input market through introducing fertilisers to the local market and acquired Plantseeds and Plant Chem companies marking its presence in the agri field.
Mr. Pandithage further noted that the company has recently established DIMO Agri Techno Park (DIMO ATP), a high tech agri hub where trials related to agri inputs are conducted.
Agri special projects company has introduced products such as ‘Penergetic ‘to bring latest technologies to agriculture industry for sustainable development.
The company will further pursue to tie up with global leaders such as Dewait, Stanley, Black&Decker, STIHL and Axaita.
DIMO will explore new markets overseas and further consolidate on the current operations in East Africa (new markets), Maldives and Myanmar (existing markets).
DIMO, with wide experience in local power generation and transmission equipment operations, has expanded the business into Myanmar and Uganda.
It secured a tender for a 1 megawatt solar plant in Embilipitiya and it will also be installing rooftop solar plants in Weliweriya and Siyambalape.
It has also been given a contract for electrical balance of the 104 megawatt wind power project in the Mannar wind park which is being constructed by Denmark’s Vestas.
With a consortium bidding with Siemens India, DIMO secured CEB (Ceylon Electricity Board) contracts for variable shunt reactors in Anuradhapura and Mannar and a breaker switched capacitor bank in Pannipitiya.