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GRI initiates phase 2 for the largest specialty tire plant in Sri Lanka

  1/20/2021 - Colombo, Sri Lanka - GRI began 2021 on a positive note, breaking ground and laying the foundation stone for the second phase of a $100 million project with a new manufacturing facility in Badalgama, Sri Lanka. The facility will expand its specialty tire production capabilities to meet growing global demand for its products. This new factory is the next phase of GRI’s rapid expansion currently underway, including a new mixing facility and will total an overall investment of $100 million. In January 2018, GRI inaugurated a world-class specialty tire manufacturing facility with an investment of more than $40 million. The new factory is an expansion of this facility and is expected to be completed by December 2021. Managing director of GRI, Prabhash Subasinghe, explained that the new manufacturing facility is part of the company’s long-term vision and growth drive. “GRI’s expansion and increase in our production capacity, in such a short time frame, is a result of the overwhelming demand for our GRI branded products in recent years. It has been rewarding to see how our products have been so well received in an extremely competitive market and lauded for its superlative quality, service and innovation; we are well-positioned to carve a niche for Sri Lankan specialty tires in the world market,” observed Subasinghe. In line with local COVID-19 regulations, the company held a closed, intimate ceremony where the senior management broke ground and the youngest members laid the foundation stone for GRI’s new facility. “The new manufacturing facility will be equipped with state-of-the-art machinery and is set to quadruple GRI’s current production capacity bringing it to 750,000 tires per year and a total capacity of 100 tons per day. The new factory will focus on agriculture tires with a large share dedicated for advanced radial agriculture tires. Furthermore, GRI is the only manufacturer in Sri Lanka with radial agriculture manufacturing capability. We will also be doubling employment and will build the GRI team to 500 employees across areas such as production, engineering, quality assurance, advanced technology, research and development,” said Mahesha Ranasoma, CEO of GRI, noting the significance of the new facility. “The new facility will add 11,600 square meters of production area that will take the main tire plant to 22,400 sq. mt. (240,000 sq. ft.) which is equivalent to the size of three football fields. A key feature in the new production plant is that it will equip GRI with the capability to manufacture larger sized agricultural tires. Our maximum tire size now is 50 inches. We will soon be able to manufacture tires up to 60 inches in size in the new production plant to meet growing market demand and cater to our customer requirements,” commented Ananda Caldera, executive director of GRI. “Further, the company will add 22 tire building machines and 36 presses to its current capacity.” GRI’s mandate to embed sustainability as a part of all its operations is further reiterated through its new production facility. The new facility will expand GRI’s solar panel initiative and generate 2.5 mega watts of solar power. The factory will continue to use biomass boilers instead of furnace oil boilers while production at the facility will continue with an environmentally friendly ‘dry’ process, with no emission of gases or liquid disposal and ensuring low material wastage. The new production facility will also extend GRI’s green policies on waste management through rainwater harvesting and an efficient wastewater management system. GRI will also conduct a carbon footprint analysis and work to offset any environmental impact.

Monday, March 8, 2021

ECO USA completes phase one for first silicone rubber recycling plant in the U.S. - click to expand

Medical grade silicone tube market forecast at $18.5 billion by 2027 - click to expand

Rubber Division offers upcoming learning opportunities for compound development - click to expand

Meridian Adhesives acquires European adhesive suppliers GENTEC and FT Polymer - click to expand

DuPont to expand production of Molykote specialty lubricants facilities - click to expand

Michelin North America launches the Michelin X One Multi T trailer tire - click to expand

Friday, March 5, 2021

USW denounces Giti Tire for laying off 100 workers in South Carolina - click to expand

Smithers moves into new building in Suzhou, China, expanding it tire, wheel and product testing operations - click to expand

Goodyear, EASE Logistics create pilot program for cloud based tire technology - click to expand

Milestar introduces Weatherguard AS710 Sport all-season tire - click to expand

Twin Cities Rubber Group announces free virtual technical meeting on HNBR curing - click to expand

Goodyear announces leadership changes to coincide with acquisition of Cooper Tire - click to expand

Thursday, March 4, 2021

Global adhesive and sealant market forecast at $83 billion by 2026 - click to expand

Smithers cancels planned corporate headquarters move - click to expand

Specialty Silicone Products announces EMI silicones for ADAS and advanced automotive applications - click to expand

Rubber Division extends deadline for scholarship applications - click to expand

Wacker Polymers announces global price increase for dispersions, resins and dispersible polymer powders - click to expand

Rubber and tire industry webinars organized by KnowHow Webinars - click to expand

Wednesday, March 3, 2021

Michelin announces price increase for Michelin, BFGoodrich and Uniroyal passenger and light truck tires - click to expand

Cabot expands capabilities at Malaysian manufacturing facility - click to expand

Federal district judge dismisses lawsuit against Denka Performance Elastomer in Louisiana - click to expand

U.S manufacturing activity increases 2.1 percent in February - click to expand

Gelest founder Barry Arkles elected to National Academy of Engineering - click to expand

USTMA forecasts increased tire shipments for 2021 - click to expand

Tuesday, March 2, 2021

Cooper Tire recalls more than 430,000 light truck tires in the U.S. - click to expand

BFGoodrich Tires launches Advantage Control tire for passenger cars, crossovers and minivans - click to expand

Global rubber molding market size expected to reach $51.42 billion by 2026 - click to expand

KraussMaffei is selling its subsidiary, KraussMaffei Austria, to Luger GmbH - click to expand

ARPM announces 2021 Environmental Health and Safety (EHS) Summit - click to expand

Michelin launches Pilot Sport EV tire for electric sport vehicles - click to expand

Monday, March 1, 2021

Andrew Alaya promoted to Davis-Standard vice president, aftermarket sales - click to expand

Bridgestone, Arlanxeo and Solvay co-develop Techsyn tire technology - click to expand

Arburg releases 2020 sustainability report - click to expand

Goldsmith & Eggleton introduces raw materials handling line - click to expand

Goodyear names Christopher P. Helsel senior vice president, global operations and chief technology officer - click to expand

Arkema reports full year 2020 financial results - click to expand

Market Reports

Medical grade silicone tube market forecast at $18.5 billion by 2027 - click to expand

U.S manufacturing activity increases 2.1 percent in February - click to expand

Global adhesive and sealant market forecast at $83 billion by 2026 - click to expand

Global rubber molding market size is expected to reach $51.42 billion by 2026 - click to expand

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