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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.
Kwik Fit, Bermondsey (2010) The Kwik Fit Financial Services arm of the business, was sold by PAI to Fortis Insurance UK, now Ageas (UK) Limited, for a figure of £215m in July 2010. [5] The tyre retailing and service centre business was bought by Itochu Corporation in March 2011. [6] [7]
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.
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]
Associated Newspapers of Ceylon Limited is a public limited liability company incorporated in Sri Lanka in 1926 by its founder D. R. Wijewardena. 75% of its shares were Nationalized under the Associated Newspapers of Ceylon Limited (Special Provisions) Law No. 28 of 1973 and this stake is held by the Public Trustee of Sri Lanka on behalf of the ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
A combination of wooden and cardboard ballot boxes was used in the 2019 Sri Lankan presidential election and the 2020 Sri Lankan parliamentary election. [ 32 ] [ 33 ] To further ensure security, the government imposed a liquor ban on the weekend of 21 to 22 September and deployed more than 63,000 police officers to secure polling stations and ...
Rubber is exported as smoked sheet, sole crepe, latex crepe and Technically Specified Rubber (TSR). In 2007 18,100,000 kg (39,900,000 lb) sheets were exported. Rubber contributing over US$ 890 million in 2019 to the economy of Sri Lanka. [8] Sri Lanka government aims to growth rubber industry US$ 2 billion by 2025. [9]