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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.
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]
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.
The producer price index released a day earlier on January 14 reported a modest 0.3% increase in wholesale prices in December, rising 3.3% year over year, up from 3% in November.
Deshamanya Dr. Tissaweera Nihal Jinasena (13 July 1940 – 2 February 2015) was a Sri Lankan industrialist and sportsman. He was the chairman of Lalin Michael Jinasena & Co. and the former chairman of Loadstar(PVT) Limited, which was the largest export company in Sri Lanka.
The plant will come up over a 200-acre site in Chinnapanduru village near Sri City in Tirupati district and produce passenger car radial (PCR) tyres with an initial capacity of 55 lakh (5.5 million) tyres per year and also truck bus radial (TBR) tyres and will serve both domestic and export markets. [22] [23]
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 ...
MRF, or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. It is headquartered in Chennai . [ 2 ] The acronym MRF comes from the company's initial days when it was called as Madras Rubber Factory .