BADALGAMA, Sri Lanka (Jan. 4, 2017) — Industrial tire specialist Global Rubber Industries (GRI) has broken ground on a plant in Badalgama for pneumatic agricultural, industrial, OTR and construction tires, with trial production anticipated before year-end.
GRI is budgeting $40 million-plus for the new factory, which will be built on 10 acres of land belonging to GRI, adjacent to its existing solid industrial tire factory. All the products made at the new plant will be destined for export.
GRI Executive Director Ananda Caldera called his company's strategic expansion into pneumatic specialty tires an "historic event for both the company and the Sri Lankan rubber industry."
The company said that its expansion will strengthen the implementation of Sri Lanka's "Rubber Master Plan," a government-sponsored initiative to foster local manufacturing focused on producing for export.