GRI Lays Foundation for Expansion of the Largest Specialty Tire Plant in Sri Lanka
Posted on 18 January 2021
GRI Lays Foundation for Expansion of the Largest Specialty Tire Plant in Sri Lanka
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 Mr Subasinghe.
“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 Dr Mahesha Ranasoma, CEO of GRI, noting the significance of the new facility.
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.
GRI was founded in 2002 and works towards its vision of taking high-grade Sri Lankan specialty tires to the world. The company produces radial agriculture tires, construction tires and material handling solid tires through locally produced natural rubber and has a business presence in more than 50 countries. In 2018, GRI opened an advanced manufacturing plant in Sri Lanka to produce agricultural tires. In 2020, GRI also commenced construction of a new mixing facility in the Mirigama Export Processing Zone (MEPZ) in Sri Lanka.
