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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.
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]
In 2009 the company was acquired by the UAE-based Onyx Group which is owned by the Sri Lankan businessperson Sri Lanka Investment Corporation and re-branded as "Ceylon Steel" Corporation Limited. [5] [6] On 2020 Lanwa Sanstha announced they plan to build massive cement corporation under the name of Lanwa Sanstha Cement Corporation. The company ...
The tyre load index (LI) on a passenger-car tire is a two- or three-digit numerical code used to cross-reference a load & inflation table that will give the maximum load each tire can carry at a given pressure. The load index is sometimes used in conjunction with the load range, which appears elsewhere on the tire.
The company was the first in Sri Lanka to introduce Near Field Communication (NFC) technology for fuel retailing to corporate clients, currently supporting over 300 companies with 25,000 NFC cards. LAUGFS Petroleum's fuel stations offer nitrogen and digital air services, lubricants, domestic gas cylinders and accessories, and car care items.