GRI reports that it is the first industrial tyre manufacturer in Sri Lanka to employ the benefits of the latest model of Marangoni Alpha Agrifast Italy. According to the company, this machine is “a compact, user friendly and advanced extruder server that is interfaced to tyre building bay drums for producing components such as tread base, tread cap, sidewalls all with joint less, in real time with the highest degree of accuracy and at high speed”. This machine is to be utilized at GRI’s latest state-of-the-art factory in Sri Lanka, set to commence production in January 2018. This brand-new factory will be the largest in Sri Lanka dedicated to produce specialty tyres and the first to produce radial agriculture tyres.
With the introduction of its two-wheel tyre range, Apollo Tyres now offers its full portfolio in Sri Lanka. As is the case with the company’s other products, the two-wheel range is being distributed within the country by sole national distributor Ideal Wheels & Tyres.
After six years of manufacturing solid tyres in Sri Lanka, STARCO is looking forward to expanding its distribution of these products globally. Tyres & Accessories recently spoke to Richard Todd, the company’s chief executive officer; he shared that establishing relationships with distributors in Asia and the Middle East was currently a priority for STARCO.
On 4 January 2017The US Department of Commerce (DOC) made final determinations in the countervailing duty investigations of imported off-the-road (OTR) tyres from India and Sri Lanka. In the India countervailing duty investigation, the DOC calculated a final subsidy rate of 5.36 per cent for mandatory respondent Balkrishna Industries and a final subsidy rate of 4.9 per cent for mandatory respondent ATC Tires. The government agency established a subsidy rate of 5.06 per cent for all other producers/exporters in India. In the Sri Lanka countervailing duty investigation, the DOC calculated a final subsidy rate of 2.18 per cent for mandatory respondent Camso Loadstar and for all other producers/exporters 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.”
Titan International’s final injury hearing before the US International Trade Commission (ITC) took place on 4 January, and today the company will file a post hearing brief. The off-road tyre specialist says it “remains optimistic” that the ITC will issue a final affirmative determination in these cases.
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.
Sri Lanka’s Ceylon Steel Corporation Limited is to receive 100 acres for the tyre factory it is setting up with technical assistance from Marangoni. The land is being acquired by the Urban Development Authority of Sri Lanka, which will lease it to Ceylon Steel for a 99-year period.
The Trelleborg Wheel Systems manufacturing facility in Sri Lanka was recognised for its export achievements when it was honoured with a Presidential Export Award in a ceremony presided over by Sri Lanka’s President Maithripala Sirisena in Colombo.
Last month, a number of publications in Sri Lanka shared news that the Marangoni Group would invest US$75 million to boost its production capacity for industrial tyres within the country. The Italian firm has commented on these reports and clarified that the investment in question only involves Marangoni indirectly.
Titan International has filed petitions with the US International Trade Commission and the US Department of Commerce for relief from imports of off-road tyres from China, India, and Sri Lanka. The petitions were filed jointly with the United Steelworkers union and allege that imports from China and India are being dumped in the US market in violation of international trade agreements and that imports from all three countries are benefitting from improper government subsidies.
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.
Although at three years of age Starco’s solid industrial tyre production plant in Sri Lanka is still a relative infant, initial targets set for the facility have already been reached and the company is now looking ahead to the next milestones. This sort of success doesn’t occur by accident, and the good experiences Starco has enjoyed so far in Sri Lanka are the result of planning that began long before the plant was even set up. Tyres & Accessories recently met a key figure Starco assigned to implement the solid tyre project, and learned a little more about the factory and the products being made there.