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Sri Lanka tyre recycling plant to make wood-like products

Sept 23, 2012 (LBO) - A Dena Nano Technology Lanka Pvt Ltd, company with British and Indian investment plans to recycle old automobile tyres into wood replacement material for the construction industry, a media report said. Dena Technology of UK has patented technology to make wood-like products for the construction industry from old tyres which are more durable and water resistant wood, Sri Lanka's The Sunday Island newspaper said.

UK-based Dena Technology Limited will have a 20 percent equity stake in the firm and Dena Nano Technology Pvt Limited of India 10 percent, the report quoted managing director K.
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Ketheeswaran as saying.

The plant is expected to cost 5 million sterling pounds.

The British partner in addition to providing the technology will also support the sale of products to their clients in Europe and the Middle East.
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Old tyres are an environmental problem in many countries as they do not degrade quickly and emits toxic fumes when burnt.


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