Sri Lanka is being considered as the “Capital City†of the solid tyres to the international market, which accounts for 35% of the world Solid Tyre manufacture and exports, out of which 23% is by Loadstar. For the purpose of exporting solid tyre LCRL’s total investment for the solid tyre plant, which includes plant machinery, infrastructure development, pre-operational expenses a 2.43 hectares land has been chosen, Chief Executive Officer (CEO) Ananda Hadunge said.
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