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Marangoni investing $75 million Sri Lanka industrial capacity

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Local news reports suggest Marangoni is investing $75 million in expanding industrial tyre manufacturing in Sri Lanka. The reports add detail to official announcements about increased Eltor EVO for the forklift tyre production capacity made in May.

According to government media minister Gayantha Karunatilleke, Sri Lanka’s cabinet of ministers has approved a proposal by Malik Samarawickrama, minister of development strategies and international trade, to allocate land near Gonapola, Horana.

The additional tyre production facility is expected to have a capacity of 3 million tyres per year with 75 per cent designated for export markets.

Related news:

  1. Marangoni highlights complete forklift range, German service arm at CeMAT 2011
  2. Pyramids Tires: $350 million Egyptian factory begins manufacturing
  3. ZC Rubber’s Anji factory starts making tyres
  4. GRI installs first Marangoni Machine in Sri Lanka
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