Sri Lanka tire project back on track with bigger scope

Horana, Sri Lanka – Rigid Tyre Corp (Pvt) Ltd, part of the UAE-based Onyx Group has restarted building work on a greenfield tire production plant in Sri Lanka.

Rigid Tyre announced plans to build the €72-million plant in Horana, 50km away from Sri Lankan capital of Colombo in January 2017. It was intended to produce 3 million passenger car radial (PCR) tires a year.

The project was then, however, put on hold due to various disputes, including around the allocation of land for the facility.

In response to…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with