Company looks to ensure future sustainability by restructuring business across the country
AMW, a wholly-owned company of Al-Futtaim, which provides
some of the world’s most-recognized automotive brands, services, and mobility
solutions to customers, announced today that it has begun the process of identifying
locations to close across Sri Lanka.
The restructuring of AMW is in direct response to Sri Lanka’s current economic situation
and the challenges that high inflation, vehicle import bans and high interest rates place
on the automotive sector.
Over the coming weeks, the company will select which locations to close, with the
closures taking place over the next few months. It will maintain its owned facilities and
businesses across the country including its brand partnerships with Nissan, Suzuki,
Yamaha, Renault and New Holland.
Peter Mackenzie, Group Managing Director, AMW, commented: “As a family business,
people are our most important asset, and we have a responsibility to focus on decisions
that protect our people and partners for the long term. While these decisions are always
difficult, we are confident that these are the changes we need to make to ensure
business longevity. This is a strategic decision for us to consolidate our business and
focus on our strengths. We are committed to ensuring AMW remains operational,
continuing to work with its principals and maintain the highest level of customer service.
We recognize and appreciate the service our employees across AMW have provided
and their willingness to evolve as we enter this challenging period.”
AMW employees have been informed of the resizing by management and AMW has
committed to offering the highest level of support to all employees during these
challenging times. In recognition of their valued contribution, the company will be
offering assistance for re-employment, well-being and financial support.
- Ends –
Established in 1949, a pioneer in the country’s tyre retreading industry, Associated Motorways (Private)
Limited, popularly known as AMW, is a highly respected company in Sri Lanka with more than 65 years of
service experience. AMW concentrates on product and service development, while offering world
renowned automotive and related products and service brands to its valued customers. AMW’s core
business sectors are Tyre Retreading, Automotive sales and after-sales services, Lubricants, Batteries &
Tyres and Financial Services (Leasing, Hire Purchase) which are carried out by the following companies;
Associated Motorways (Private) Ltd.
Manufacturing sector – Tyre Retreading, manufacture of motorcycles tyres, manufacture of 3-wheeler
tyres, manufacture of solid tyres, custom compound mixing and manufacture of other rubber products.
Automotive sector – Automotive sales, after-sales including Tyres, Batteries & Lubricants and car care
Automotive product range
– Motor cycles, Marine & Power products.
– Passenger cars, vans.
– Trucks and buses.
Associated Autoways Ltd. – Tyre retreading.
Associated Property Development (Private) Ltd. – Property Development.
AMW Capital Leasing & Finance PLC – Leasing, Hire purchase and acceptance of deposits.
Associated Motor (Lanka) Co.Ltd. – Sales & after-sales of pre-owned motor vehicles.
In July 2008, Associated Motorways (Private) Ltd. came under the management expertise of Al-Futtaim
Engineering (AFE), a wholly-owned subsidiary of Al-Futtaim group, thereby aligning itself with the Group
Automotive Division’s development strategy and the global strategy. A large conglomerate in the UAE
and a multinational group, the Al-Futtaim group is an integrated commercial, industrial and services
organization with diversified interests in automotive, electronics, insurance, services, real estate, retail
About Al-Futtaim Automotive
Al-Futtaim Automotive, one of the main five operating divisions within the UAE-based Al-Futtaim Group of
companies, is a conglomerate of motoring-related businesses, franchising some of the world’s most-
recognized automotive brands and services.
Operating in 10 countries across the Middle East, Asia and Africa and empowered by around 9,000
associates, the UAE-headquartered Group’s services span across distribution of new and used vehicles,
manufacturing, leasing, and aftersales.
Ranging from passenger cars to SUVs, commercial vehicles, industrial and construction equipment as
well as motorbikes and quads, Al-Futtaim Automotive Group offers an integrative customer-centric
experience for motorists, fleet operators and contractors alike, and strives to become the leader in tailor-
made mobility solutions.
About Al-Futtaim Group
Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and
progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates.
Structured into five operating divisions; automotive, financial services, real estate, retail and health;
employing more than 33,000 employees across more than 20 countries in the Middle East, Asia and
Africa, we partner with over 200 of the world’s most admired and innovative brands.
Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue
to grow and expand; responding to the changing needs of our customers within the societies in which we
By upholding our values of respect, excellence, collaboration, integrity, Al-Futtaim Group continues to
enrich the lives and aspirations of our customers each and every day. For more information visit: