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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.
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On July 7, 2017, it was announced that Avon Tyres would be the primary kit sponsor for Championship side Derby County for the 2017/2018 season. In 2020, due to the COVID-19 pandemic, Cooper announced that the Road to Indy Presented by Cooper Tires will proceed through virtual races using racing simulation platform by iRacing.
By 1890, the business had transferred to premises in Melksham and was named The Avon India Rubber Company Limited. [2] Products at this time included solid tyres, conveyor belts and components for railways. By 1900, pneumatic tyres for bicycles were being produced, and by 1906 the first car tyres were advertised under the Avon brand. [2]
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