Day by day FT. “Deal signed to build Colombo Port Expansion mission’s South Container Terminal”. Because of the strategic partnership with the Port of Durban from 2006, Aitken Spence gained a “ship planning and mentoring” challenge protecting the Ports of Durban, Cape Town and Ngqura in South Africa in 2010. In 2011, Aitken Spence introduced that it has gained a deal to enhance the effectivity of Port of Nacala in Mozambique. FT Sri Lanka. “Aitken Spence to ride on BPO boom”. The Island. Colombo, Sri Lanka. With respect to warehousing services in Sri Lanka, Aitken Spence operates a central cargo storage complexes with a complete flooring area exceeding 300,000 sqft, located in Colombo, Wattala, Mabole and Katunayake Zone with a trendy fleet of tools and cargo handling machinery. In 1918, Aitken Spence purchased the Freudenberg Building in Colombo, and made it its firm headquarters having renamed the constructing the Lloyds Building. The company additional consolidated its presence within the Fijian maritime sector in acquiring a 20% stake in Fiji Ports Company Ltd. In 2013, Aitken Spence took over the management of two Fijian ports, Suva and Lautoka, with its buy of 51% of Fiji Ports Terminal Ltd, a 100% owned subsidiary of Fiji Ports Company Ltd.

A decade later, in 2006, Aitken Spence entered the Indian hospitality sector, having secured administration contracts for five hotel properties in India. In June 2014, Aitken Spence announced the acquisition of a model new five star resort in Chennai. Adaaran Choose Hudhuran Fushi is a four star resort comprising 137 villas that includes 37 luxurious villas. Located in shut proximity to Malé, it homes 50 luxury water villas together with six Japanese styled water bungalows. Heritance Kandalama, the flagship hotel of Aitken Spence, is positioned in Kandalama, Dambulla in proximity to two UNESCO World Heritage Websites- Sigiriya and Dambulla Cave Temple. The ability Buy Settlement (PPA) between the Ceylon Electricity Board and Ace Power Embilipitiya lapsed in 2015; nonetheless, renewed the settlement for a yet one more yr in April 2016, when the country ran into energy disaster after two back-to-again blackouts in late 2015 and early 2016. During the first quarter of 2018, the federal government determined to increase the purchasing of thermal energy for three more years as the country had 4 seasons of again-to-again dry spells, which exhausted reservoirs and the crucial catchment areas.

Ace Power embarked on a landmark project in the country’s waste to power sphere. The Group has expressed interest to additional diversify its investments in Fiji, venturing into hospitality, power and printing sectors. He’s the founder director and present chairman/managing director of the Stassen Group of Companies – a diversified group in exports and import trade, the chairman of Lanka Milk Foods (CWE) PLC, Browns Seashore Hotels PLC, Balangoda Plantations PLC, Madulsima Plantations PLC, Melstacorp PLC, Ambewela Livestock Company Ltd, Lanka Bell Ltd and in addition the current chairman of the Distilleries Firm of Sri Lanka (DCSL) PLC. In 2010, Aitken Spence renewed its alliance with Ceyline Group of Corporations when it invested in Colombo International Nautical and Engineering School (CINEC). Listed on the Colombo Stock Exchange since 1983, it has main pursuits in accommodations, journey, maritime services and logistics. Aitken Spence Logistics additionally providers shipments of garments through its garments on hanger facilities and high quality assurance centre amenities. In 2012, Aitken Spence was appointed as Oracle University Training Re-seller Partner and Accredited Coaching Centre.

The enterprise options partners embrace; Citi Bank, HSBC, Deutsche Financial institution and Normal Chartered Bank on the digital banking and Oracle in the ERP solutions. Aitken Spence Technologies provides IT in, enterprise content material management (ECM), enterprise useful resource planning (ERP), both primarily based on core-Oracle Applications and Technologies, and Software Development based mostly on Open Supply/Java applied sciences. Aitken Spence Applied sciences can be a member of IBM PartnerWorld program. Aitken Spence entered Maldivian hotel sector in 1993 with its investment in Bathala Island Resort. In January 2013, Elpitiya Plantations PLC entered a joint enterprise with Dianhong International Restricted, Hong Kong, a subsidiary of Yunnan Dianhong Group Firm Limited of China, to develop and course of tea in Sri Lanka for Chinese Speciality Tea market. The Group additionally has its personal tea brand for black tea and inexperienced tea in Sri Lanka under the title “Harrow Ceylon Choice”. Also, represents DPD Group and DTDC Categorical in Sri Lanka and Maldives. Aitken Spence Cargo, specialised freight-forwarding arm of Aitken Spence, supplies air freight, sea freight, brokerage, customs facilitation and supply chain solutions to shoppers in Sri Lanka, Bangladesh and Maldives. Also, is the largest international resort chain in the Maldives. It additionally handles third and fourth celebration logistics administration contracts.

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