Sri Lanka’s Global Rubber Industries (GRI Tires) has acquired Australian tyre supplier Tradefaire International’s industrial tyre business, Axis Tyres Pty Ltd. The acquisition includes Axis locations in Melbourne (Altona and Braeside), Sydney and Adelaide. Together with GRI’s existing branch in Brisbane, the company now operates five sites in Australia.
Sri Lanka-based manufacturer GRI Tires has laid the foundation for a new mixing plant. The facility, located some 25 miles from Colombo in the Mirigama Export Processing Zone (MEPZ), will initially give GRI the capacity to increase specialty tyre output by 100 tons a day. A further project phase will double capacity.