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Asian Tribune is published by E-LANKA MEDIA(PVT)Ltd. Vol. 20 No. 104

MTD Malaysia eyes Sri Lanka’s infrastructure projects

By Quintus Perera – Asian Tribune

At the 21st Annual General Meeting of the Kapila Hevy Equipments PLC held last week at the Trans Asia Hotel resolved to change its name to MDT Walkers Investments PLC.

Walker Sons & Co Ltd also a subsidiary of the Kapila Heavy Equipment now MDT Walkers and in the share market the company is a pubic quoted company. Shares were purchased in the share market by a Malaysian Company – MTD Capital BHD and their purchased share component has been 90 percent amounting to Rs 198 million and automatically the controlling shares went to the Malaysian Company.

At this AGM they discussed their future plans where they want to invest heavily in the Sri Lankan engineering trade, because MTD in Malaysia is also involved in infrastructure development and they have four listed companies under this group in Malaysia.

Dato Azmil Khalid, MTD Group Managing Director speaking at the Press Conference held following the AGM said that the Group has experience on building roads, bridges, houses and apartment complexes and power projects and said that they have submitted several proposals to the government in regard to the proposed Colombo-Kandy new highway to be operated as a toll-way.

Patrick Rodrigo, Head, Administration, MTD Walkers told The Nation that the company that the discussions they had on Colombo Kandy highway was very much fruitful, indicating that they would stand a very good chance in getting the bid to their favour. He said that the project is a government to government one.

Channa Caldera, Head, Engineering, MTD Walkers said that they have been doing lot of work for the cement manufacture in Sri Lanka for the major cement manufacturing companies. He said that they have also been involved in the Ceylon Electricity Board Thermal power sector and also in the mini-hydro for local developers. They also have tremendous experience in the construction of storage tanks and have already moved to Maldives where the Company has already completed 4 projects. He said that right now they work as a registered tank manufacturer for the Ceylon Petroleum Corporation.
Caldera said that since the inception of the tea plantation as a commercial crop in Sri Lanka Walkers have been associated with the manufacture of machinery for processing black tea.

Walkers are now manufacturing an electrically automated tea roller an innovative machine by the Company which is a technical advancement which optimises efficiency and enhances greater profitability with minimum labour cost. They now claim a 75 percent market share of this business locally and also they export machinery to India and Africa.

- Asian Tribune -

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