directors - Colombo Stock Exchange
directors - Colombo Stock Exchange
directors - Colombo Stock Exchange
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ManageMent report<br />
The division has also moved ahead in providing complete low-current<br />
solutions for existing and upcoming building complexes such as the Ceylon<br />
Petroleum Corporation headquarters, Peoples' Leasing headquarters, the new<br />
Convention Centre at Hambantota and the new Administrative Complex<br />
at Hambantota.<br />
Outlook<br />
Plans are in hand to expand the division with a focus on renewable energy.<br />
We are currently studying the feasibility of investing in our own minihydropower<br />
plants. With the hope for revival in tourism, the division is<br />
working towards providing cost-effective solutions for hotels both upcoming<br />
and under renovation.<br />
Power Systems<br />
This business unit provides state-of-the-art power solutions for non-road<br />
transport, mainly marine propulsion and rail traction. Dimo’s industrial<br />
refrigeration business also comes under the purview of this business unit.<br />
The Power Systems division represents some of the leading global brands in<br />
its field, among them being MTU, John Deere and York Johnson.<br />
The Market<br />
The northern railway line is to be reconstructed in five phases, of which<br />
the first - work on the railway line between Vavuniya and Omanthai - has<br />
already commenced. Other line extensions are also imminent, as well as<br />
rehabilitation work to improve the track from Polgahawela to Anuradhapura<br />
so as to enable speeds of up to 100 km/h. All the railway line extensions<br />
and plans point to the need of more locomotives.<br />
In the fisheries sector, which is a key sector served by the industrial<br />
refrigeration business, annual production increased by 6.5%, indicating<br />
opportunities in this sector.<br />
46<br />
B u s i n e s s p e r F o r M a n C e<br />
electro - Mechanical and<br />
Bio Medical engineering<br />
ANNUAL REPORT 2009/10 DIESEL & MOTOR ENGINEERING PLC<br />
Performance<br />
The achievements of this business unit fell short of its budgets. Lower than<br />
expected demand for spare parts from marine propulsion business was the<br />
main reason for this shortfall.<br />
The Company entered into a MOU with Damen shipyards, internationally<br />
recognised Dutch ship builder and a ship repairer.<br />
New Workshop<br />
In order to expand the marine propulsion business, the Company commenced<br />
a marine-repair workshop in Trincomalee. Plans are in place to widen the<br />
scope of activities at the Trincomalee workshop.<br />
Financial highlights 05 Operational highlights 06 Chairman & CEO's Review 10 Board of Directors 14 Group Management Committee 18
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