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Chery records 1.5m sales

In March 2009, though under the global auto market depression, Chery carried out the second-phase development strategy of building a international famous brand and realized the leaping development, achieving a sales volume of 500,000 units in less than two years, making a breakthrough of 1.5 million in 12 years.

Chery becomes the fastest-developed company among the Chinese "One-million Club". The achievements astonished the whole world, and the outstanding performance has become the honour of the Chinese automobile industry.

In 2009, all global car giants are struggling hard with the financial crisis. However, showing confidence as a strong competitor, Chery set forth the 2009 sales target of 419,000 units, an 18 percent sales increase over 2008. In January 2009, Chery achieved a climax in the company's history, with sales volume of 35,000 units, and in February, with sales volume reaching 30,000 units, Chery created an all-time high of the corresponding period in history, and in March, Chery again reached a new high of 35,000 units. Within three months, Chery created the highest quarter sales volume of more than 100,000 units.

With the implementation of "Brand, Quality, Service" strategy, on the basis of steady growth in QQ and some other entry-level cars, represented by A3, Tiggo 3 and A5, the sales volume of middle-class cars significantly increases month by month, becoming the leading force of Chery sales volume growth.

The progress in the first quarter 2009 is not only reflected in the sales volume achievements and products structure optimization, but also in the unprecedented scope of new product launch. All these demonstrate the profound strength of this company with independent R & D.

Lankem Paints participates in 'Eurocoat 2009 Barcelona'

Lankem Paints Ltd recently participated in "Eurocoat 2009 Barcelona" thus becoming Sri Lanka's first and only paints company to exhibit paints and coatings in Europe.

Eurocoat is recognised as the coating show which attracts most of the industry experts worldwide. Now in its 17th edition, it remains a powerful business and showcases platform dedicated to southern European countries including Northern Africa. Besides facilitating business transactions, Eurocoat also provides exposure to international innovations and trends.

Lankem Ceylon PLC Director Ruwan Weerasinghe, said, "we were privileged to showcase the excellence of a truly Sri Lankan product to thousands of exhibitors and visitors at the exhibition.

With Eurocoat acknowledged as the international trade fair for know-how and innovation in the global coatings industry, the exposure Sri Lanka got was invaluable. The fact that we are accepted in Europe in terms of the quality of our offering is great satisfaction and pride. Not only we explored the possibilities of new export ventures, but also made strong contacts with other global industry players for future projects".

"Lankem Paints Ltd has more than two decades of experience and has set standards in the industry with a spectacular range of colours giving true meaning to 'Adding Colour to Life", Weerasinghe said.

Lankem Paints Ltd was set up in 1984, under Lankem Ceylon Ltd, to market "Robbialac Paints" under the licensee agreement of Berger Paints. Berger Worldwide has reached to all corners of the world with its coatings solution and maintains the highest quality standards possible.

In 2000 Lankem Paints Ltd acquired the 'Robbialac' brand and is today probably the only Sri Lankan company to own an international brand. 'Robbialac' is today synonymous with providing colour.

Sampath Bank now at Rajagiriya

Sampath Bank opened a branch at Rajagiriya recently. The branch caters to the convenience of the urban citizen, with the least hassle.

The branch being the 122nd of the electronically linked Sampath network, is fully fledged with all the modern banking technologies and teamed with personnel who are well trained in attending to the needs of the customer. The branch facilitates 24-hour banking and all types of savings and fixed term deposits, fund transfers, foreign drafts, e-remittance, personal, housing and trade loan facilities, and leasing and pawning facilities to serve the needs of each and every customer.

Rising demand for condominiums:

Trillium Residencies nearing completion

With the return of peace to the country, the demand for condominiums is bound to rise in the near future.

Trillium Residencies - which is nearing completion - is a good investment option. The main contractor and project partner Sanken Lanka has assured project completion in January 2010.

The Condominium Management Authority has approved a semi-condominium plan for Trillium, and a management corporation has been formed.

120 apartments of the Sunset Wing will be completed soon. The entire Trillium project - which includes the Park Wing and the Golf Wing - comprises 300 apartments with all the facilities for modern living.

The Park Wing and the Golf Wing have been sold out and delivered to the buyers, so this is the final chance to move into this condominium complex.

Condominium Management Authority Chairman Abul Kalam foresees.

He said that main reason for the increasing demand for condominiums is the return of peace and the end of the fear psychosis.

"I think a luxury condominium is a good investment that offers higher returns compared to other options." There is a trend in Sri Lanka towards living in high-rise buildings with all facilities under one roof, said Kalam.

The uniqueness of Trillium lies in its eco-friendly landscaping prime location and ultra-modern facilities that match international standards. "This is a benchmark development project that others could emulate", he said.

Sanken Lanka, the main contractor and project partner of Trillium, did a great deal to ensure that it reached the highest standards of construction. Sanken Lanka Managing Director Ranjith Gunatilleke said that the Sunset Wing will be completed on schedule.

Design Consortium Ltd Chairman - the Consultant Architect of the project - Prof. Lakshman Alwis said Trillium is an award-winning project of the Sri Lanka Institute of Architects.

Among the facilities provided by Trillium are a swimming pool, a club house, a gym, a badminton court, jogging track, rooftop garden and a park for children. There is also a split level parking area and every other amenity for modern living, including a daycare centre, convenience store/mini-market and laundry collection centre. Such facilities pushed the demand for the earlier two wings. In fact, the Park Wing sold out even before the foundation stone was laid, and the Golf Wing too was snapped up quickly.