The second phase expansion of GRI’s production facility in Colombo, Sri Lanka, which began in January 2021, is reportedly progressing well despite the challenges posed by the current lockdown in the country. The new specialty tire manufacturing plant is being built next to GRI’s current facility with a total investment of US$100m.
The aim of the expansion is to enhance the company’s current production capacity to 750,000 tires per year with a total capacity of 100 tons per day. This has seen the installed machine capacity increase from 25 tons of tires per day in January to 35 tons per day presently. The company’s plan is to reach a production capacity of 1,000 tons of tires per month by July and it says all the required machinery for this phase of expansion has been commissioned.
Source: Tire Technology International