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You are here: Home1 / Sri Lanka

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GRI optimistic about future following resilient 2022

Company News, International News, Product News

Reflecting on the year that was 2022, GRI’s Dr Mahesha Ranasoma comments that the company “made significant strides in building its GreenLeadership credentials” during the year. The chief executive officer adds that the off-highway tyre specialist “weathered the storms and the impact of the global economic downturn” during 2022, continuing to “remain resilient throughout the year.”

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Related news:

  1. GRI ‘privileged’ to continue pivotal role in food supply chain
  2. GRI plant expansion “progressing well” despite lockdown
  3. GRI adds new mixing facility in Sri Lanka
  4. Building on foundations of growth – GRI MD talks with T&A
12th January 2023/by Stephen

GRI completes 2nd phase of specialty tyre plant expansion

Company News, International News

Phase 2 of a US$100 million production capacity upgrade at the GRI specialty tyre factory in Sri Lanka is now complete, and GRI reports being in a position to increase capacity by almost 100 per cent from the present level, up to a daily output of 60 tonnes. This elevated capacity will satisfy the increased demand for farm tyres that GRI has enjoyed since launching agricultural ranges across key markets such as Europe, the USA and Australia in 2018.

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Related news:

  1. GRI breaks ground on second tyre plant
  2. GRI plant expansion “progressing well” despite lockdown
  3. Building on foundations of growth – GRI MD talks with T&A
  4. GRI gains trio of National Business Excellence awards
19th July 2022/by Stephen

GRI remains steadfast despite Sri Lanka’s economic & political challenges

Company News, International News

With its currency the world’s worst-performing at present, Sri Lanka is facing an economic and political crisis. Despite these issues, GRI remains resilient and continues to supply its specialty tyres to global customers. The tyre maker has published a statement underlining its commitment to stand firm during the challenging times prevailing in the island nation.

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Related news:

  1. GRI breaks ground on second tyre plant
  2. GRI ‘privileged’ to continue pivotal role in food supply chain
  3. GRI plant expansion “progressing well” despite lockdown
  4. GRI continues Green X Circle with tree planting project
7th April 2022/by Stephen

GRI gains trio of National Business Excellence awards

Company News, International News

Sri Lankan tyre maker GRI shares that it has received three awards for demonstrating excellence in business whilst contributing to the country’s economic advancement. It accepted these honours at the recent National Business Excellence Awards 2021, which was hosted by the National Chamber of Commerce of Sri Lanka.

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Related news:

  1. GRI plant expansion “progressing well” despite lockdown
  2. GRI continues Green X Circle with tree planting project
  3. Connections to rubber farmers important, says GRI
  4. GRI develops Sri Lanka’s first winter OTR tyre
28th March 2022/by Stephen

Haohua Tire breaks ground on US$300 million tyre factory in Sri Lanka

International News
Haohua Tire

Shandong Haohua Tire has broken ground on its previously-announced Sri Lanka tyre production base. Senior managers report that the US$300 million-dollar project’s workshop will be ready in mid-2022 and that the plant will go into production in late 2022.

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Related news:

  1. Marangoni investing $75 million Sri Lanka industrial capacity
  2. Chinese wheelmaker opens second production line in Morocco
  3. $250 million Ferentino tyre factory opens in Sri Lanka
  4. Linglong investing in new Tongchuan City, China tyre factory
8th February 2022/by Chris

Sri Lanka: Kelani/CEAT to invest in expanding tyre manufacturing capacity

International News

On 31 January 2022 Kelani Tyres PLC announced plans from the Kelani Tyres/Ceat joint venture to invest up to 3.2 billion Sri Lanka rupees (£11.637 million; 13.915 million euros; US$15.801) in increasing its tyre manufacturing capacity via machinery upgrades.

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Related news:

  1. Ceat radial production getting a boost in Sri Lanka
  2. Triangle building fifth factory
  3. Official opening of Ceat JV plant draws near
  4. Ceat inaugurates factory expansion
3rd February 2022/by Chris

Sri Lanka acknowledges GRI for export contribution

International News

Bestowed by the country’s President, the Presidential Export Award is considered Sri Lanka’s highest honour in recognition of outstanding contribution to the export sector and to the country’s economic development. The most recent awards ceremony took place on 26 November, and tyre maker GRI was named Best Exporter of Dry Rubber Products for the second consecutive year.

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Related news:

  1. GRI plant expansion “progressing well” despite lockdown
  2. Connections to rubber farmers important, says GRI
  3. GRI continues Green X Circle with tree planting project
  4. GRI: New mixing plant on schedule
30th November 2021/by Stephen

GRI: New mixing plant on schedule

Company News, International News

With global demand for its specialty tyres on the rise, Sri Lankan off-highway tyre maker GRI is expanding its manufacturing capacity through a range of projects, including construction of a new mixing plant in Mirigama, 40 miles east of Colombo. GRI is investing US$25 million to set up the facility, which will have a capacity of 200 tonnes a day.

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Related news:

  1. Groundbreaking held for new GRI Tires mixing facility
  2. GRI plant expansion “progressing well” despite lockdown
  3. GRI continues Green X Circle with tree planting project
  4. Connections to rubber farmers important, says GRI
12th November 2021/by Stephen

GRI continues Green X Circle with tree planting project

Company News, International News

Last Friday was an important day for GRI in regards to its environmental engagements – the Sri Lankan tyre maker launched its ‘Greening Our Planet’ project by planting 450 rubber trees at smallholder rubber farms in Moneragala District.

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Related news:

  1. Connections to rubber farmers important, says GRI
  2. GRI plant expansion “progressing well” despite lockdown
  3. Responsible corporates need to give back: GRI aids Sri Lanka during pandemic
  4. GRI introduces “most environmentally-friendly” tyre
13th October 2021/by Stephen

Connections to rubber farmers important, says GRI

International News

Locally harvested natural rubber is the key raw material that Sri Lankan tyre maker GRI Tires utilises. It thus views natural rubber farmers as important stakeholders in the ‘GRI ecosystem’. This is an ecosystem that “focuses on sustainability and aims to inspire the farming communities by recognising their work as well as providing knowledge and skills for their development and optimising the yields from their natural rubber farms.”

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Related news:

  1. Responsible corporates need to give back: GRI aids Sri Lanka during pandemic
  2. GPSRNR policy framework drives commitment to sustainable rubber sourcing
  3. GRI plant expansion “progressing well” despite lockdown
  4. Sri Lanka rubber sector aiming to become $3 billion a year industry by 2020
18th August 2021/by Stephen

GRI plant expansion “progressing well” despite lockdown

Company News, International News

GRI Tires reports that the second phase expansion of its new production facility, which began in January 2021, is progressing well despite the challenges posed by the current lockdown in Sri Lanka. It is building the new and advanced specialty tyre manufacturing plant next to the current facility with a total investment of US$100 million.

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Related news:

  1. Responsible corporates need to give back: GRI aids Sri Lanka during pandemic
  2. GRI breaks ground on second tyre plant
  3. GRI ‘privileged’ to continue pivotal role in food supply chain
  4. GRI breaks ground on phase 2 of $100 million speciality tyre plant
22nd June 2021/by Stephen

Responsible corporates need to give back: GRI aids Sri Lanka during pandemic

International News

Sri Lankan tyre maker GRI Tires strives to be a responsible company that always recognises the importance of giving back to the country and its people, especially in times of need. Managing director Prabhash Subasinghe states that it “is ingrained in our DNA as an organisation to give back to society.”

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Related news:

  1. GRI ‘privileged’ to continue pivotal role in food supply chain
  2. GRI breaks ground on second tyre plant
  3. Sri Lanka rubber sector aiming to become $3 billion a year industry by 2020
  4. GRI adds new mixing facility in Sri Lanka
11th June 2021/by Stephen

GRI’s GREEN X Circle connects rubber and crop farmers in Sri Lanka

International News

GRI has held the latest in its series of events organised through its GREEN X Circle initiative. GRI’s Monaragala, Sri Lanka event brought together natural rubber and rice farmers to show their connectivity. Both farming communities are key stakeholders in the GRI value chain, the Sri Lankan speciality and agricultural tyre manufacturer states. The initiative’s purpose is to foster connectivity and collaboration between the two farming ecosystems while placing emphasis on sustainability principles.

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Related news:

  1. GRI acquires Nortire OU
  2. GRI breaks ground on phase 2 of $100 million speciality tyre plant
  3. GRI ‘privileged’ to continue pivotal role in food supply chain
  4. Building on foundations of growth – GRI MD talks with T&A
1st April 2021/by Andrew

GRI breaks ground on phase 2 of $100 million speciality tyre plant

Company News, International News
GRI

GRI has laid the foundation stone for the second phase of its $100 million manufacturing facility in Badalgama, Sri Lanka. The plant, in the Mirigama Export Processing Zone will expand production of speciality tyres as global demand for its products grows. The company has been expanding rapidly since its $40 million-plus investment in the “world-class” manufacturing facility, inaugurated in 2018. Phase two will include a new mixing facility, expanding the original plant by the end of 2021.

Read more

Related news:

  1. GRI acquires Nortire OU
  2. Building on foundations of growth – GRI MD talks with T&A
  3. GRI expands capacity, continues building distribution networks
  4. GRI adds new mixing facility in Sri Lanka
18th January 2021/by Andrew

$250 million Ferentino tyre factory opens in Sri Lanka

Company News, International News, Premium
Ferentino; Facebook

Ferentino Tyre Corporation’s Horana, Sri Lanka tyre factory was officially opened by Sri Lankan president Gotabhaya Rajapaksa on 14 January 2021. The facility was constructed with an investment of US$250 million and can reportedly produce 2.4 million tyres annually. Tyres made at the Ferentino factory will cross a number of sectors including radial car, SUV, bicycle and even three-wheelers. These include a “Mythos” product line reminiscent of the Marangoni passenger car tyre range previously produced in the same place (see below). Of the 2.4 million tyres produced annually at the Ferentino factory in this phase, 80 per cent are destined for export markets. A second phase is scheduled to be completed in March 2022.

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Related news:

  1. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  2. Marangoni investing $75 million Sri Lanka industrial capacity
  3. Sentury internationalising with US tyre factory investment
  4. Nokian to invest $360 million in new US tyre factory
15th January 2021/by Chris
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