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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.
Sri Lanka's central and southern parts are home to montane forests, sub-montane forests and to lowland rainforests. In contrast, sparse forests, mangroves, riverine dry forests and monsoon forests are located in the dry zone. These forest covers in Sri Lanka have been greatly reduced by legal and illegal forest clearing. [3]
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.
The hilly virgin rainforest, part of the Sri Lanka lowland rain forests ecoregion, was saved from the worst of commercial logging by its inaccessibility, and was designated a World Biosphere Reserve in 1978 and a World Heritage Site in 1988. Because of the dense vegetation, wildlife is not as easily seen as at dry-zone national parks such as Yala.
The lowland rain forests accounts for 2.14 percent of Sri Lanka's land area. [3] This ecoregion is the home of the jungle shrew, a small endemic mammal of Sri Lanka. [4] Sri Lanka has the highest density of amphibian species worldwide. [2] Many of these, including 250 species of tree frogs, live in these rain forests.
Sri Lanka's forests contain 61 million metric tons of carbon in living forest biomass (in 2010 [14]). The southwest portion of the island, where the influence of the moisture-bearing southwest monsoon is strongest, is home to the Sri Lanka lowland rain forests. At higher elevations they make the transition to the Sri Lanka montane rain forests.
Strict nature reserves, national parks, nature reserves, forest corridors, and sanctuaries recognized under the Flora and Fauna Protection Ordinance are managed by Department of Wildlife Conservation. Total of all protected areas is 1,767,000 ha. Protected areas in Sri Lanka account for 26.5 percent of the total area. [1]