Walkers’ Piling (Pvt) Ltd, a 100% owned subsidiary of MTD Walkers and one of the largest piling contractors in Sri Lanka has secured contracts amounting to LKR 400 m to carry out piling work on two major projects: the Department of Labour and the Census and Statistics buildings in Colombo.These sites have already been mobilised and piling work has already commenced on the sites and is expected to be completed within the next three months on the 35-storey building for the Labour Department and 10-storey Census and Statistics buildings.
Commenting on the new contract Lal Perera, COO MTD Walkers Piling said, “We are delighted to have secured this important contract which is the largest piling contract tendered by the GOSL for this year. This proves that our reputation as a dependable piling company is underpinned by its track record of delivering challenging and complex projects.”
Walkers Piling (Pvt) Ltd. the pioneer Pile foundation company in Sri Lanka specialises in constructing bored cast in-situ reinforced concrete pile foundations for the past 30 years. The Company was incorporated in the year 1981 along with Voltas International Limited of India as a joint venture with approvals from Foreign Investment Advisory Committee of Sri Lanka. In 2008, the Company was acquired by MTD Walkers Plc, the only fully fledged engineering company in Sri Lanka.
D.D. Wijemanne, Managing Director of Walkers Piling said, “As a company we have been aggressively building our portfolio with a string of recent project wins, and we are delighted to strengthen our presence further with winning the prestigious contracts for the Labour Department and the Census and Statistics buildings,” He added that to date, the Company has successfully completed over 160 prestigious piling projects including pile foundations for the Bank of Ceylon – Merchant Towers at Colombo 3, the Ceylinco Seylan Twin Towers (a Joint Venture project) at Colombo 3, the Commercial Bank of Ceylon Limited building at Union Place, Colombo 2, the Peoples Church – Assembly God at Kirimandala Mawatha, Colombo 5, and the Sri Lanka Customs Head Office Building located in Colombo.
With the boom in the construction of roadways, bridges and other infrastructure across the island, the piling industry is slated to hit the Rs. 4 bn mark in the coming year with Walkers Piling already claiming a 40% market share of the business. Meanwhile, the Company posted a ‘best performance’ year for 2010 with expectations for a better year ahead. Wijemanne explained that the company aims to purchase two more piling rigs as a part of the company’s strategy to cope with the heavy demands for contracting services due to the surge in island wide infrastructure development. “The increased demand for high quality contracting services has been a major catalyst for the expansion of our operations. These new machines will play a vital role in ensuring that Walkers Piling maintains its position in the construction sector.”
The purchase of these two rigs will bring the total number of piling machines in the Company’s fleet to six, substantially increasing the Company’s delivery capacity and expediting the piling process overall.
“This acquisition will ensure the entire piling process can be completed much more efficiently, leading to faster completion of foundation construction. This, of course, will have a knock-on effect, enabling developers and contractors to complete their projects sooner,” Wijemanne added.
source - www.ft.lk
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