With the opening of its new, US$40 million factory in Badalgama, Sri Lanka, Global Rubber Industries Ltd. (GRI) has increased off-road tyre capacity and has added to its export portfolio. The facility was officially inaugurated on 25 January.
Sri Lankan off-road tyre maker Global Rubber Industries (GRI) has released what it says is “one of the widest” solid industrial tyres in the industry. The Globestar WT is available in sizes ranging from 4.00-4 to 12.00-20.
Sri Lankan industrial tyre maker Global Rubber Industries, or GRI, has laid the foundation for its new off-road tyre factory. Groundbreaking took place 4 January and marks the start of construction on a plant that will be built with an investment of US$40 million. The facility will be built adjacent to GRI’s current solid industrial tyre factory in Badalgama, Sri Lanka.
Specialising in the production of solid and pneumatic industrial tyres and operating out of a warehouse in Manchester, Wholesale Industrial Tyres (WIT) was set up to offer more value and choice for businesses with large fleets of warehousing vehicles. WIT is the exclusive UK distributor for Sri Lankan materials handling tyre manufacturer Global Rubber Industries (GRI), importing a range of tyres suitable for heavy duty warehousing tasks. WIT currently employs five people.
With signs that European economies are improving at the same time logistics and the commercial vehicle tyre market is picking up, you might expect the industrial tyre market to be growing too. But with the euro depreciating against the dollar, most of the major manufacturers have announced price increases of between 8 and 10 per cent, making the situation somewhat more complex. With all this in mind, Tyres & Accessories spoke with Eddy Woolley, a director of UK-based national mobile fitting specialist First Industrial Tyres (FIT), in order to find out more about what this means on the ground.
GRI (Global Rubber Industries), an industrial tyre manufacturer based in Sri Lanka, has announced plans to raise prices by between 8 per cent and 9.5 per cent. According to statement released by the company, the precise price increase depends on which country in the European market and is effective from 1 May 2015.