Marangoni, Onyx sign industrial tyre MoU

18th January 2017 | 0 Comments
 
Marangoni, Onyx sign industrial tyre MoU
Onyx aims to become the largest tyre maker in Sri Lanka

The Marangoni Group and UAE-based conglomerate the Onyx Group, through its subsidiary Ceylon Steel Corporation (CSCL), have signed a binding Memorandum of Understanding pertaining to the industrial tyre market. Upon announcing the MoU’s signing, Marangoni states that this represents “a further step in the strategy of Onyx Group to invest in the tyre sector, with the objective of becoming the largest tyre manufacturer in Sri Lanka and serving both local and international markets.”

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