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Michelin developed and patented a key innovation in tyre history, the 1946 radial tyre, and successfully exploited this technological innovation to become one of the world's leading tyre manufacturers. [8] The radial was initially marketed as the "X" tyre. [9] It was developed with the front-wheel-drive Citroën Traction Avant and Citroën 2CV ...
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.
Initially, privatisation is met with extreme employee industrial action for several months. Once the employee unrest dwindled, the company entered into an agreement with CEAT to set up a joint venture in 1993. In 1994, Kelani Tyres was listed on the Colombo Stock Exchange. In 2022, CEAT was amongst the 100 most valuable brands in Sri Lanka.
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The history of Sri Lanka covers Sri Lanka and the history of the Indian subcontinent and its surrounding regions of South Asia, Southeast Asia and the Indian Ocean. Prehistoric Sri Lanka goes back 125,000 years and possibly even as far back as 500,000 years. [1] The earliest humans found in Sri Lanka date to Prehistoric times about 35,000 years ...
1971 JVP insurrection: Marxist insurrection conducted by the Janatha Vimukthi Peramuna against the government of Sri Lanka. 1972: Sri Lanka becomes a republic, and country's name Ceylon is changed to Sri Lanka: 1983 24–30 July Black July by the government and Sinhalese mobs; Beginning of the Sri Lankan Civil War: 1987 29 July Signing of the ...
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DIMO had to reduce margins to absorb the sharp depreciation of the Sri Lankan Rupee in 2018. [7] In 2019, the company's conglomerate brand value was LKR7,730 million and ranked 15th amongst conglomerates in Sri Lanka. [8] DIMO was adjudged as the overall winner in the sixth Excellence in Integrated Reporting Awards in 2020 organized by the CMA ...