MTD Walkers PLC Diversifies into Marine Engineering

November 19, 2015. Colombo, Sri Lanka: Integrated infrastructure and engineering solutions provider MTD Walkers PLC announces today that it has secured the leasehold rights of Mutwal Harbour and is proud to launch Walkers Colombo Shipyard (Pvt) Ltd.

 

“This goes in line with the diversification strategy we started two years ago and helps us augment the key services we have to offer. Our subsidiary Colombo Engineering offers afloat repairs whilst Walkers Colombo Shipyard will offer docked repairs,” says Mr. Jehan Amaratunga, Executive Deputy Chairman of MTD Walkers PLC.

MTD Walkers PLC will develop the Mutwal Harbour, which spans across 3.5 acres, to be utilized for ship repair and ship building using the state of the art technology.

 

For the first time in Sri Lanka, a modern Ship Lift and transfer system will be installed in Mutwal Shipyard to improve the range and quality of marine engineering services available in the country. In line with the high capacity Ship Lift system, a Boatlift System will too be installed catering to small vessels up to 50 Tonnes.

 

Mr. Amaratunga further added that he is pleased to have Dr. Sarath Obeysekera as the CEO of Walkers Colombo Shipyard (Pvt) Ltd who brings to the Marine Engineering sector of MTD Walkers PLC a great wealth of experience.

 

“During the coming years we are keen to expand our operations and hope to invest significant sums in this sector,” adds Mr. Jehan Amaratunga explaining that MTD Walkers aims to diversify the revenue stream of the Group whilst earning valuable foreign exchange.

 

To complement the expansion in the marine engineering sector, MTD Walkers PLC will utilize the facilities available at the Central Workshop and Western Airducts Lanka Limited (a subsidiary of MTD Walkers PLC), which already has resources, expertise and technical know-how to perform wide range of related activities for ship repair and ship building.

 

About MTD Walkers

 

In operation since 1854, MTD Walkers PLC is the seventh oldest company in Sri Lanka and is a listed company in the Colombo Stock Exchange.

 

MTD Walkers is engaged in multidisciplinary engineering activities locally and overseas including civil, marine, mechanical, and electrical engineering work, pile construction, power generation, manufacture of tea machinery for the plantation industry, building services, and real estate development.

 

For more information, please contact Ishani Ranasinghe on ishani.ranasinghe@mtdwalkers.com