Rigid-Tyre-sri-lanka

Land dispute puts Sri Lanka tire plant project ‘on ice’

London – Plans to build a passenger car tire plant in Sri Lanka have become bogged down in a row over the sale of land for the €72-million project, ERJ has learnt.

The proposed plant was unveiled in January by Nandana Jayadewa Lokuwithana, a businessman and head of UAE-based Ceylon Steel Corp.

The facility, it was announced, would be established in Sri Lanka’s Horana district, under the auspices of Rigid Tyre Corp (Pvt) Ltd and employ used equipment from Marangoni,

With the announcement,however, came media charges of a…

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