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DIMO introduces the Total Marine Solutions

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CSE.SAS

CSE.SAS
Global Moderator

DIMO recently launched TMS (Total Marine Solutions) in Sri Lanka amids a distinguished gathering at the Ceylon Continental Hotel. TMS encompasses the entire spectrum of solutions that one can find under the marine industry - from an anode to a mast light. TMS offers fleet owners and individuals; products and services which they need to carry out including ship repairing, ship building and other engineering works.

TMS which is under the DIMO umbrella, offer products and services by partnering the best in the industry from countries around the world.

TMS was ceremonially launched by Mr. Ranjith Pandithage, Chairman - DIMO, whilst the guest of honour was Dr. Priyath Bandu Wickrema, Chairman - Ports Authority. More than 15 leading principals participated for the launch event. Several presentations were made by these principals emphasizing their individual strengths in the marine field. Mr. Roshan Fernando, Director - DIMO Ltd. and Mr. Shahzad Ghany, Product Manager - DIMO represented Total Marine Solutions from DIMO.

DIMO continues a long standing trusted partnership with MTU which is known to be the leader in diesel and engines and complete drive systems.

DIMO has partnered with Goltens-Dubai, a well known name in ship repairing. Goltens is a leading provider of specialized repair, maintenance, reconditioning services and trading of engineering components for the worldwide shipping, offshore marine installations, industrial plants and power stations.

Also partnering with Clements Marine, one of UK’s leading designers and manufacturers of propellers, marine shafts, stern tube assemblies and ancillary equipment with over 25 years in the industry. DIMO thrives to offer the best in everything to their clientele.

Apart from the above DIMO has also partnered with more than 20 world leading principals to bring TMS to Sri Lanka.

The event was made colorful with the performances by the dance troupes of Sri Lanka Navy along with their traditional bagpipers and musical bands. Speaking at the event Mr. Pandithage mentioned that with the boom in the economy and infrastructure development in Sri Lanka, the country stands the opportunity to attract marine vessels for repairs at a very competitive rate compared to Middle East and Singapore. The strategic location of Sri Lanka also adds to the appeal. The number of brand new ships built in 2010 was 2526, according to the Ship Builders Association of Japan - out of which 43% were built by Chinese ship yards. Through this initiative DIMO hopes to attract vessels from all over the world to Sri Lanka, and create a dominant industry in Marine Solutions.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=40389

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics

During the past couple of year Dimo has been very vibrant and taking creative steps to widening it's business base.These steps would add more to it's revenue and profits and shareholders would be benefitted largely very soon. We should appriciate superb management proved by the top to bottom employees of DIMO.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Rajaraam wrote:During the past couple of year Dimo has been very vibrant and taking creative steps to widening it's business base.These steps would add more to it's revenue and profits and shareholders would be benefitted largely very soon. We should appriciate superb management proved by the top to bottom employees of DIMO.


I was initially worried about budget having further negative impact on Motor sector, but it seems with relief on Buses and Lorries DIMO should possibly sustain their performance atleast in the medium term. DIMO and ASHO has a benefit due to their TATA and LEYLAND bus and lorry lines.

I see DIMO reporting Rs 50-60 EPS atelast for next 2 quarters ( possibly lot more unless a surprise). So this share has been undervalued for too long with current and medium term prospects.

There is a seller still appearing even at this stage. Not sure that guy has margin calls before end of year? That or there is somethign hidden I do not see why he/she needs to sell DIMO in a hurry at these bargain prices.

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