SINGAPORE — Rising global demand for high performance, reliable specialty tires bodes well for manufacturers, a Global Rubber Industries (Pvt) Ltd. executive told an International Rubber Study Group industry panel recently.
With the global market of specialty tires valued at $20 billion, the "demand for high-performance, reliable and technologically advanced specialty tires is increasing in today's fast-paced circular economy," GRI Managing Director Prabhash Subasinghe said.
"This offers a new frontier of possibility for us to take definitive action to augment our vision and increase the economic prosperity of the industry by becoming a global force in the years to come."
The market includes products for the agricultural, mining, forestry, industrial and and aviation industries.
Mr. Subasinghe is chairman of the Sri Lanka Association of Manufacturers & Exporters of Rubber Products( SLAMERP), an association created in 1985 to represent Sri Lankan manufacturers and exporters of rubber products.
According to the group, its mission is to be the face of the industry to the government advocating policy matters and providing representation of the rubber industry at local and international forums.
During his talk, Mr. Subasinghe addressed each segment by category and region, focusing on the evaluation of key players of the industry and their regional presence.
Mr. Subasinghe also serves as director of the Export Development Board of Sri Lanka; co-chair of the National Agenda Committee on Export Development; a member of Young Presidents Organization; and a member of SRI (Sri Lanka Society of Rubber Industry).