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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 new company is named Asian Tyres Pvt Ltd. The company accounted for 17% of the market share in motorcycle tyres. [9] CEAT Kelani moved to supply the total domestic requirement of bus and truck tyres in 2015, in the wake of the government ramping up policies to develop domestic industries.
Diamond Tyres [18] Pakistan: 1968 Diamond Group of Industries DMACK UK: 2008 DMACK [19] DMACK Nordic Finland: 2023 Suomi Tyres (formerly Nokian bicycle tires) [20] [21] Fate (company) Argentina: 1940 FATE Federal Corporation Taiwan: 1954 Federal, [22] Hero, Atturo General Tyre Pakistan Pakistan: 1963 General [23] Giti [24] Singapore: 1951
Kelani Tyres: CSE: TYRE.N0000 ... Lanka Aluminium Industries: ... Merchant Bank of Sri Lanka & Finance:
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]
Location of Sri Lanka. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income.