Tue, 27 Jul 2021 Today's Paper

Access Engineering acquires logistics firm for Rs.925mn

3 October 2019 10:22 am - 0     - {{hitsCtrl.values.hits}}

A A A

Access Engineering Chairman Sumal Perera

 

Access Engineering PLC yesterday said it has fully acquired a privately-held logistics firm W.U.S. Logistics (Pvt.) Ltd, for Rs.925 million.


A stock exchange filing by Access Engineering said W.U.S. Logistics owns 41.5 acres in Kimbulapitiya, to be used for warehousing purposes. 


According to media reports, W.U.S. Logistics in November last year entered into an agreement with the Board of Investment to set up a logistics city in Negombo, which will include warehousing facilities, cold room facilities, in-house value addition and multi-country consolidation services, auditorium, business communication centre, exhibitions centre, logistic education centre and research and development facility.

The Rs.8.9 billion project was to create over 400 new employment opportunities.


W.U. Seneviratne & Company (Pvt.), the parent company of W.U.S Logistics Ltd, is a well-known envelop manufacturer.

 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment


Site survey near Akasa Chaitya: Is it the end of Yala?

The Yala National Park has been at the receiving end of human disturbances fr

Basil Rajapaksa’s catch 22 situation

Sri Lankan politics has been a good deal of family business. It was not even

“This govt. printed Rs. 880 billions”

This is the roadmap of Zimbabwe

“We are on the cusp of a mothers-led movement for better birth rights in Sri Lanka” – Kanya D’Almeida

Writer Kanya D’Almeida became the first Sri Lankan to win the ‘Commonweal



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.