Apr 28, 2017

SK Group invests in Micro Holdings (Pvt) Ltd

SK Group, A Fortune 500 company, the 3rd largest multinational group in Korea, is investing in Micro Holdings (Pvt) Ltd.

SK Group is the market leader in chemical, petroleum and energy industries and also South Korea's largest wireless mobile phone service provider. Through the years, company has fostered a policy of planned growth which has resulted in its diversification into a number of other fields such as Civil Engineering/ Construction, Shipping, Trading, Semiconductor, EV batteries, Rent A Car and Hospitality along with its own Hotel chain WALKERHILL as well as top-notch international brands such as TOMMY HILFIGER and DKNY etc.

While provide economic and social opportunities and the benefits that result in positive multipliers effects such as better accessibility to markets, employment opportunities and infrastructure developments, and also to the increased demand in the automobile industry in Sri Lanka, SK Group indentifies the potential in the economic growth in Sri Lanka.

Micro Holdings and its efforts to revolutionize the Sri Lankan Automobile & Transport industry has brought the attention of SK Group to invest in Micro Holdings, with the focus to strengthening its market position and to support its future endeavors.

SK group being one of the largest EV battery manufacturers in the world, plans to bring in new technology to Sri Lanka through Micro Cars and diverse it's automobile product portfolio focusing in EMobility which is the future of the Automobile/ transport industry.

Micro Cars Ltd, is the pioneer in the local automobile industry with 20 years of experience. Company had faced with many market adversities and challenges over the years. Today company provides employment opportunities to over 900 employees and strive to empower Sri Lankan youth with a gender equality, whilst bringing the latest technology and the pride to The Nation. The wave of this announcement of strategic partnership will provide immense opportunities for both Micro and SK.