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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.
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.
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
Heavy rain triggered floods and mudslides and downed trees in many parts of Sri Lanka, killing at least six people and forcing authorities to close schools in some areas, officials said Friday.
A depression off south-east Sri Lanka caused torrential rain and minor floods. [9] Nearly 100mm of rainfall was reported in Avissawella, Hambantota and Kurunegala and several parts of the capital Colombo were flooded. [10] [11] Seas off Mannar and Trincomalee were expected to be rough. [10]
In 2022, as protests began growing in Sri Lanka, Jaliya Wickramasuriya, former Sri Lankan ambassador to the United States and Mexico, and a cousin of the Rajapaksa brothers, pleaded guilty in U.S. District Court for defrauding $332,027 from the Sri Lankan government during the purchase of a new embassy building in 2013.
From January to October 2022, excessive rainfall and widespread monsoon flooding occurred in the South Asian countries of Afghanistan, Bangladesh, India, Nepal, Pakistan, and Sri Lanka. It has become the region's deadliest floods since 2020 , with over 4,700 people dead.
Between May and June 2024, heavy monsoon rains in Sri Lanka would lead to flash floods, mudslides, and falling trees across the western and southern parts of the island. [1] The floods killed at least 16 people and affected 20 out of the country's 25 districts, with some areas reporting over 400 mm (16 in) of rain.