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Sunday, 13 March 2011

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Nawaloka hospitals to cover entire country

Nawaloka Holdings will construct 50 to 60 room hospitals in major cities this year in a move to expand healthcare services in the country, said Chairman, Nawaloka ABC Petroleum, Jayantha Dharmadasa.

He was addressing the media on Wednesday to announce the company's entry into the lubricant market with Total - a French multinational oil company.

He said land for the projects have been identified and work is expected to commence this year. Hospitals will be built in five key locations.

Nawaloka Holdings is currently expanding its landmark hospital in Colombo with state-of-the art facilities to offer a superior service in the city.

"The group has identified the huge potential of the lubricant market in Sri Lanka and the need to provide products with value for money", Dharmadasa said.

Nawaloka ABC Petroleum commenced operations in the Western province and then expanded to the Central, Eastern and parts of Sabaragamuwa province.

"The North is a huge market and we hope to set up operations there and cover the entire country this year", Dharmadasa said.

Nawaloka ABC Petroleum has introduced two product lines under the brands of Total and Elf.

The four wheel segment will have a range of products under the brand Total while products for two and three wheel segments will be catered to by Elf.

When asked whether there were plans to diversify into the leisure sector Dharmadasa said "At the moment no. But if it is required we will not be hesitant to take on the challenge.

Nawaloka group had plans to buy the Galadari hotel but later withdrew plans and sold its stake to expand the hospital.

Sri Lanka's lubricant market has revived after a short setback. The reduction in vehicle import tax has paid rich dividends to the lubricant market.

The value of the local lubricant market is around Rs.11 billion. Caltex, Laugfs, LIOC, Mobil are some of the key players in the lubricant market.

LF

 

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