Dankotuwa Porcelain enters Mediterranean in deal with Egyptian-based Al-Dahbya

Tuesday, 5 April 2016 01:19 - - {{hitsCtrl.values.hits}}

Dankotuwa Porcelain has signed up a sales agreement with Egyptian based Al-Dahbya to export exclusive designs of its products in a bid to take Sri Lankan porcelain brand name to new heights.

This partnership will provide Dankotuwa Porcelain to further expand its presence in the Mediterranean regions.

Despite its tableware is found in prestigious outlets globally such as Macy’s Department Stores, British Home Stores, John Lewis, Jashanmal, El Corte Ingles, Berghoff and Geleria Kaufhof; the thirst for innovation continue to drive the brand’s uniqueness.

The official signing ceremony took place at the Dankotuwa Porcelain Colombo Marketing office between Dankotuwa Porcelain CEO Wasaba Jayasekara, Chief Marketing Officer Shevanthi de Alwis, Shah NoozOzeer, Manager corporate CommiunicationJehankiAnandha, Al-Dahbya CEO Ahmed El Normorsy, CFO AlaaSourour, Senior Designer Sarah Sourour, Marketing Manager YosraSourour.

Celebrating 33 years of success this year, this partnership is a stepping stone of reaching the company’s vision, of taking the Sri Lanka industry capabilities to greater heights.

The firm exports its signature excellence to over 25 countries in five continents. The brand prides itself on the tradition, upholding its art as one of the most beautiful forms of expression.

Dankotuwa Porcelain to amalgamate with Taprobane Capital

The Dankotuwa Porcelain Plc (DPL) Board of Directors has resolved to amalgamate with its wholly owned subsidiary Taprobane Capital Ltd with the former being the surviving entity.

In a filing to the Colombo Stock Exchange, DPL said management of both companies is of the opinion that it would be administratively and financially beneficial to amalgamate and to operate as one company.

The DPL Board is satisfied that the amalgamated company DPL will satisfy solvency test immediately upon the proposed move becoming effective.

The amalgamation will be effective on 31 May 2016 or on such other date as may be determined by the Registrar General of Companies.

The Board of Directors of the Amalgamated company will comprise of Rajan Asirwatham, A.G. Weerasinghe, Mangala Boyagoda, Sanjeev Gardiner, Priyantha Maddumage, Sarinda Unamboowe, Revantha Devasurendra and Murali Prakash.

Ceylon Century Investments Plc holds 58.36% stake in DPL and related party Ceylon Leather Products Plc holds 8.3%.