Malaysian investor Demak to manufacture motorcycles
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Dhammika Perera and Gao Rong exchange agreement
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The Board of Investment of Sri Lanka granted investment approval to
Demak Manufacturing Lanka Limited. Dhammika Perera, Chairman/Director
General signed the agreement on behalf of the BOI and formally presented
the BOI Certificate of Registration to Gao Rong, Chief Executive Officer
of DNC Asiatic Holdings SDN. BHD.
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 200 initially. The investment for the venture is
sponsored by Malaysian based DNC Asiatic Holdings SDN. BHD.
DNC Asiatic Holdings, 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 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. |
