Global Rubber Industries Pvt. Ltd. (GRI) has completed the second phase of the $100 million capacity upgrade of its specialty tire plant in Sri Lanka.
The goal of the investment is to increase GRI's total production capacity to 750,000 tires a year.
The expansion includes the addition of eight new tire building machines and 17 curing presses, plus "state-of-the-art technology for real-time decision making and machine optimization and a constant focus on R&D enhancement of physical infrastructure in the factory premises," say GRI officials.
"We are proud to have received such encouraging levels of customer acceptance for our radial, as well as bias, agriculture tires, which we present to the international markets we operate in as our Green XLR and Green EX brands," says GRI CEO Dr. Mahesha Ranasoma.
"As a result of this expansion, we are now able to double our current volumes and provide our customers the opportunity to grow their businesses."
