top of page

Ferentino Tyre opens tire plant in Sri Lanka

From Rubber & Plastics News comes word that Ferentino Tyre Corp. Pvt. Ltd., an enterprise backed by United Arab Emirates-based investment company Onyx Group, has commissioned production at a $250 million tire factory at a site southwest of Colombo, Sri Lanka. The project was previously known as Rigid Tyre Corp., which announced in January 2017 that it would build a tire plant in an industrial park in Horana with equipment provided by Italy’s Marangoni Group. Ferentino Tyre commissioned the new plant in a ceremony on January 14. The plant has capacity for passenger, SUV, truck and two- and three-wheeler tires, and annual capacity is projected to reach 2.4 million units. Investment of the first phase is $100 million. Phase 2 is scheduled to be completed by March 2022.

1 view0 comments

Recent Posts

See All

Bridgestone will divest Russian operations

On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6

Nokian chooses Romania for new tire plant

Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect

Tire Tech Exposition coming this week to Hannover

Notch will be presenting a paper on current conditions in the global carbon black industry at the Tire Tech Expo happening this week at the Hannover Messe, Germany. This giant conference/trade show is

Comments


bottom of page