US EditionThe Decline of Sri Lanka’s Bicycle Industry: Lumala’s Struggle for Survival - LNW Lanka News Web
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The Decline of Sri Lanka’s Bicycle Industry: Lumala’s Struggle for Survival - LNW Lanka News Web
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…
Lumala employees urge Government action to save Sri Lanka’s bicycle industry - Lanka Business News
Employees of Lumala City Cycle Industries Manufacturing Pvt Ltd are calling for urgent government intervention as their company faces an unprecedented crisis that threatens to shut down one of South Asia’s leading bicycle manufacturers. Located at Panadura, Lumala has played a pivotal role in Sri Lanka’s industrial sector for over five decades, yet escalating costs and unfair market practices are now putting its survival at risk. ‘‘The mana…
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