Malaysian investor to manufacture motorcycles

The Board of Investment of Sri Lanka granted investment approval to Demak Manufacturing Lanka Limited. Chairman / Director General Dhammika Perera, signed the agreement on behalf of the BOI and presented the BOI Certificate of Registration to DNC Asiatic Holdings SDN. BHD Chief Executive Officer Gao Rong.

Demak Manufacturing Lanka Limited signed the agreement for a venture to manufacture a wide range of motorcycles, bikes and scooters and spare parts. The venture is an investment of over US $ 16 million, providing employment for a workforce of 200 initially. The investment for the venture is sponsored by Malaysian based DNC Asiatic Holdings SDN. BHD.

DNC Asiatic Holdings, has proved its own success story in the competitive Asian motorcycle industry in the years it has been operational. The company has been successfully building up and promoting their brand "DEMAK" and its series of motorcycle products. DNC has successfully produced and marketed more than 20 models of motorcycles under DEMAK brand, covering scooters, mopeds, utility and sports, series and accessories.

DNC has secured a solid market share in Malaysia, as well as reliable production capacity, widely-covered marketing and servicing networks, self-owned market-oriented designing capability, as well as a highly professional and efficient management system within the group.