Richard Pieris to restructure loss making ventures
Diversified congloramate Richard Pieris and
Company plans to move away from all loss making and poorly performed
entities to focus properly in their core -business activities, its
Director/ Chief Operating Officer Pravir D. Samarasinghe said.
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High demand for Lankan tea this year
The demand for Sri Lankan tea this year would
increase from Commonwealth of Independent States countries and
Middle-Eastern markets, industry sources said. There will be strong
demand for Sri Lankan tea in the first two months of this year as a
result of world's largest tea exporter Kenya experiencing civil
riots.
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Laugfs ventures into solid tyre market
Laugfs Gas Holdings will invest a further Rs.
800 million to enter the international solid tyre market this year.
"There is growing global demand for solid tyres and this was the
reason for us to enter this market," said Chairman Managing Director
Laugfs, W. A. Wegapitiya said.
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