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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.
In 1999, CEAT formed a joint-venture, named as CEAT Kelani, with Asia MotorWorks (AMW) and Kelani Tyres, to manufacture and market [16] CEAT tyres in Sri Lanka. in 2006, CEAT Kelani commissioned their first Sri Lanka–based radial-tyre manufacturing unit in Kalutara. [15] In 2009, AMW exited the joint-venture. [17]
The benefits of achieving even tire wear, using rotation, are disputed. Some car manufacturers recommend against performing tire rotation, for example BMW. [4] Many tire manufacturers say that tire rotation is no longer necessary, except to ensure that best tires are fitted at the rear of the vehicle. [5]
The inaugural 12-team College Football Playoff (CFP) is officially here. Once seen as a complicated process that included math equations and plenty of disagreements, college football’s ...
Dunlop Tyres is a brand of tyres which is managed by different companies around the world. It was founded by pneumatic tyre pioneer John Boyd Dunlop in Belfast, Ireland, in 1888. [5] The brand is operated by Goodyear [1] in North America (passenger car & light truck), Europe, Australia and New Zealand. [6]
Black Friday is only a few days away, but Target Black Friday deals have already started. The bulls-eye retailer has been dropping deals left and right with savings of up to 50% on many top brands.