Laugfs to Begin Industrial Tyre Production

Laugfs Holdings, the Sri Lanka based LPG company that has diversified into many areas of business, ranging from rubber products to restaurants, bottled water and apartments, is planning to invest Rs 350 million (£1.58 million) during the next three months at their tyre manufacturing facility in Millewa, in the country’s Western Province.

“We will start making solid tyres used for forklifts and other heavy machinery,” said Laugfs managing director Thilak de Silva. He added that the products are primarily destined for export to Australia and South Africa. “We have got orders from these countries, from companies which engage in mining.”

Prior to this latest investment Laugfs’ tyre manufacturing focused upon pneumatic tyres for three-wheeled vehicles and tyres for wheelbarrows. The company reports it is also in the process of developing a range for motorcycles and passenger cars under its ‘Palomino’ and ‘Stallion’ brand names.