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.

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