An Italian company that was reported to be investing in a US$ 75 million (Rs 11 billion) tyre production plant in Sri
Lanka under the Board of Investment (BOI) has distanced itself from the project.
“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.
http://www.sundaytimes.lk/170108/news/italian-tyre-giant-distances-itself-from-big-horana-project-223365.html