Reply to thread

Message: <blockquote data-quote="monson" data-source="post: 21118121" data-attributes="member: 30005">MARANGONI AND CEYLON STEEL CORPORATION: PARTNERSHIP AGREEMENT IN SRI LANKAThe plant will produce tyres using Marangoni’s best European technologies.Rovereto –  Marangoni and Ceylon Steel Corporation announce the signing of a partnership agreement  related to the creation of an important production site in Sri Lanka. The plant will produce tyres using the most advanced technologies provided by Marangoni within the scope of a joined project to build an important rubber industrial district in Sri Lanka, focused on export activities.The operation is included in the sales process of the Marangoni Tyre S.p.A. equipment and know how. Marangoni Tyre S.p.A ended its production activities in 2014 after the Group decision to exit from the car and light tyres business. This new partnership agreement could lead to the development of further collaboration plans.- <a href="http://www.marangoni.com/en/2016/09/19/marangoni-and-ceylon-steel-corporation-partnership-agreement-sri-lanka/" target="_blank">http://www.marangoni.com/en/2016/09/19/marangoni-and-ceylon-steel-corporation-partnership-agreement-sri-lanka/</a>“Contrary to what was reported in several recent articles, the possible 75 million dollar investment in Sri Lanka only involves Marangoni indirectly,” the Italian firm said. “The news, in fact, does not refer to the industrial tyre segment but rather to a hypothetical transfer of technology to a Sri Lanka-based investor–Ceylon Steel Corporation–discussed as part of a possible joint venture in the passenger car tyre sector.”Ceylon Steel Corporation (CSC) is owned by Mr Lokuvithana. Marangoni has been operating its own industrial tyre manufacturing facilities in Sri Lanka since 2008. But six years later, the company suspended passenger car tyre production in Europe and has now begun negotiations to sell its production plants to CSC.The Marangoni plant in Sri Lanka was opened when production capacity at its original Rovereto site in Italy was no longer sufficient. The location of the plant “has allowed the company to exploit the possibility to enter and supply its products to new international markets”, the statement said.- <a href="http://www.sundaytimes.lk/170108/news/italian-tyre-giant-distances-itself-from-big-horana-project-223365.html" target="_blank">http://www.sundaytimes.lk/170108/news/italian-tyre-giant-distances-itself-from-big-horana-project-223365.html</a></blockquote>

Verification: Asuwa dahayen wadi kalama keeyada?

Top Bottom