Tuesday 11 August 2015

Access Engineering plans on building land bank

Access Engineering is planning on building a land bank, to exploring opportunities in the property development market of Sri Lanka.

Access Engineering Chairman Sumal Perera said in the company’s annual report for 2014/2015 that the construction industry’s contribution to GDP growth stood at 10% for the year in review.

For most of the year, Government support for infrastructure development remained steady.

Looking ahead, Access Engineering will continue to consolidate its core business via our value engineering approach. We will continue our exploration of opportunities overseas. Exploring business opportunities beyond Sri Lanka’s borders remains within company’s immediate focus. The company commenced a project in Papua New Guinea which was completed in the current period of review, with a positive contribution to the bottom line. We opened a branch office in the Republic of Djibouti to aid our push further afield in February 2015.

Our focus on planned forward integration saw the Company acquiring Access Projects (Private) Limited, a leader in leisure, related building construction and a provider of total interior solutions with manufacturing capabilities in aluminium work and metal ceilings.
www.dailynews.lk

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