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The Decline of Sri Lanka’s Bicycle Industry: Lumala’s Struggle for Survival - LNW Lanka News Web

Summary by Lanka News Web (LNW)
By: Staff Writer January 21, Colombo (LNW): The Collapse of an Iconic Industry The once-thriving bicycle industry of Sri Lanka is on the brink of collapse, with Lumala City Cycle Industries Manufacturing Ltd., a household name and one of the country’s oldest manufacturing giants, facing an unprecedented crisis. For decades, Lumala not only symbolized Sri Lanka’s industrial prowess but also served as a vital economic contributor. However, mountin…
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