Laugfs moves into solid tyres, hotels

Laugfs Holdings plans to construct its own gas terminal and also expand market penetration in LP Gas both in the domestic and industrial sectors next year, the company said.

Group Managing Director Thilak De Silva said Laugfs branded lubricants will be in the market place during the first quarter of the year while commercial production of one of the company’s biggest investment made in the recent past -- manufacture of solid and industrial tyres -- will commence during May/June and will be exporting the products to North American markets initially. Laugfs will install its facilities for Vehicle Emission Testing of the entire vehicle fleet of the country by April 2008 under the licence of the Department of Registrar of Motor Vehicles. De Silva said they would also start construction of the proposed seven star “small luxury” hotel in Marawila of the west cost by mid 2008.