Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • BEST PLACES TO WORK
  • News
    • HUMANITARIAN
    • TIRE MAKERS
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • MERGERS & ACQUISITIONS
    • OBITUARIES
    • OPINION
    • MID YEAR REPORT
    • SERVICE ZONE
  • ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
June 06, 2018 02:00 AM

India's Sun Tyre buys Starco's Sri Lanka solid tire unit

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    BRABAND, Denmark — Sun Tyre & Wheel Systems of India has purchased a solid tire plant near Colombo, Sri Lanka, from Starco Group and has agreed to continue making tires for the Kenda Rubber Industrial Co. Ltd. subsidiary.

    Sun Tyre & Wheel is a division of Sundaram Industries Ltd., which in turn is part of India's TVS Group. The plant in Sri Lanka — which Starco opened in 2014 — will be Sun Tyre's third on the island nation and fifth overall and will boost its capacity by 40 percent, according to Starco, the Brabend-based supplier of wheels and mounted tire/wheel assemblies for applications ranging from wheelbarrows and mowers to large agricultural and industrial machinery.

    Financial terms of the deal were not disclosed.

    Chennai, India-based Sun Tyre will continue to produce Starco's Tusker, Unicorn, Gecko and Makhna tire brands to Starco's specification, while at the same time expanding the factory's volume, Starco said.

    "We see great potential to develop a partnership with Sun Tyre, immediately for our industrial segment, but also for other segments," Starco CEO Richard Todd said. "We will maintain sales and distribution of our solid tyre ranges as the market knows it today."

    Customers will experience no change, as the product and sales and distribution activities will remain as today, Starco said. Both parties are committed to grow Starco's industrial segment and become an even stronger partner for the original equipment manufacturers and key aftermarket distributors.

    Sun Tyre President Joseph Fernando called this deal an "exciting opportunity that will bring anticipated synergy to our manufacturing facilities."

    Taiwan's Kenda acquired Starco in October 2017.

    Starco operates wheel factories in the United Kingdom, Croatia, and China, as well as eight sales and distribution locations across Europe.

    Kenda said at the time the deal gives Kenda — a Starco supplier since 1982 — expertise in applications, polyurethanes and wheel design, and will help enhance Kenda's position in Europe.

    Separately, Starco said its Swiss subsidiary recently began distributing Kenda-brand tires to customers throughout Switzerland.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Icahn-owned Auto Plus files for Chapter 11 protection
    2
    Toyo rolls out new Celsius II all-weather touring tire
    3
    SEMA urges USTR to end section 301 tariffs on Chinese goods
    4
    Buying group ITDG hires Jason Rook as top executive
    5
    Milestar to be official UTV tire of King of Hammers
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • Instagram
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • BEST PLACES TO WORK
    • News
      • HUMANITARIAN
      • TIRE MAKERS
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • MERGERS & ACQUISITIONS
      • OBITUARIES
      • OPINION
      • MID YEAR REPORT
      • SERVICE ZONE
    • ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION