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In 1994, Kelani Tyres was listed on the Colombo Stock Exchange. In 2022, CEAT was amongst the 100 most valuable brands in Sri Lanka. The company moved to meet the total domestic demand for bus and truck tyres which would save LKR11 billion in foreign exchange through import substitution.
Kelani Tyres Sri Lanka: 1990 CEAT [42] Kenda Rubber [43] Taiwan: 1962 Kenda, Kenda radial Kumho Tires [44] [45] South Korea: 1960 Admiral, Marshal, Kumho, Zetum, Trailfinder [46] Madras Rubber Factory [47] India: 1946 MRF Tyres: Michelin Group [48] France: 1889
Richard Piries Company is the market leader and the pioneer in the tyre Retread industry of Sri Lanka and commands a market share of nearly 60%. In addition to that, it has become the largest Retreader in the whole of South Asia which is a remarkable achievement for a Sri Lankan company.
2019 in Sri Lanka; 0–9. 2019 railway strike in Sri Lanka; 2019 South Asia floods; F. Fake news coverage of Sri Lankan businesses after the 2019 Easter bombings; L.
13−26 September − 2019 Sri Lanka floods: At least two persons are reported dead and 282 houses are completely damaged due to floods in Colombo, Galle and Matara. [31] [32] 16 September − Sri Lanka and South Asia's tallest tower, the Lotus Tower, is declared open following a grand opening ceremony. [33]
In 2009 the company was acquired by the UAE-based Onyx Group which is owned by the Sri Lankan businessperson Sri Lanka Investment Corporation and re-branded as "Ceylon Steel" Corporation Limited. [5] [6] On 2020 Lanwa Sanstha announced they plan to build massive cement corporation under the name of Lanwa Sanstha Cement Corporation. The company ...
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