Carson Cumberbatch to expand regionally through strategic alliances and JVs
Carson Cumberbatch PLC, a Sri Lankan corporation as part of its vision in becoming a “regional holding company” is eyeing expansion throughout the southern and south-eastern region of Asia by forming strategic partnerships and joint ventures.
According to the group’s latest annual report, “. . . given the opportunities that exist within the rapidly developing economies in the region, we believe that our horizons in all our core businesses should extend to South and South East Asia.”
“As such, whilst Sri Lanka remains our priority, our strategic plans take in to account the need to mobilise resources and develop core competencies that will make our businesses competitive in the region,” stated the report.
The annual report went on to read, “… An expansion in to the region will also benefit Sri Lanka. The future we envision will involve strategic alliances, joint ventures and other collaborative arrangements that will inject the necessary financial resources and the technical and management competencies required for our journey.”
Carson Cumberbatch operates in the beer industry (breweries and retail), real estate and hotel sectors, and asset and portfolio management industry.
After offloading its palm plantations in Malaysia, the group has purchased plantations in Indonesia. However, it has purchased a plant that manufactures speciality oils and fats in Malaysia in addition to an Indian refinery that produces palm oil.
As stated in the conglomerate’s annual report, its expansion plans will bring an injection of financial, technical and management resources into Sri Lanka creating opportunities for other development in the country. Also, the groups need to form strategic alliances and joint ventures will provide opportunities for interested foreign companies explore possibilities.
|Article Code :||VBS/AT/06092017/Z_5|