Shaw Wallace Ceylon, McLarens Holdings form joint venture
Shaw Wallace Ceylon Ltd (subsidiary of Renuka Holdings PLC) and
McLarens Holdings Ltd signed a joint venture agreement yesterday by
forming McShaw Automotive Ltd to create an islandwide extensive
automotive distribution channel.
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McLarens Holdings Chairman R de Silva and Shaw Wallace
Ceylon Chairman Dr S R Rajiyah (at left) signing the joint
venture agreement for McShaw Automotive Limited. Directors
Shamindra Rajiyah, Shehara Jayawardena and Dinesh
Jayawardena look on. |
The new joint venture, McShaw Automotive Ltd, aims to be the
acknowledged market leader in the automotive sector in Sri Lanka
excelling through global partnerships, innovation and technology while
growing organically and by acquisition.
The company will be actively focusing on its business sectors
inherited from the joint venture partners which include distribution of
lubricants, car care products, tyres and tubes, batteries, auto parts
and automobile fleet management.
The company's product portfolio includes Mobil automotive and
industrial lubricants, Delphi Lockheed brake oil, Dunlop two wheeler
tyres, Pioneer three wheeler tyres, Grip vehicle tubes and Cyclo car
care products.
McShaw Automotive Ltd has a team of over 50 personnel in the
automotive sector and will be covering the segments of key accounts,
nominated dealers, direct dealers, franchise car dealers, service
stations, fuel stations, retailers, spare part shops, individual
workshops and franchise workshops.
The Board of Directors for McShaw Automotive Ltd comprises Rohan de
Silva, Dr Ranjit Rajiyah, Shamindra Rajiyah, Dinesh Jayawardana, Shehara
Jayawardana, Indu Rajiyah, Hemantha Varnasooriya, Bri Ponnambalam,
Nissanka Gunesekera and Calitus Pullenayegam.
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