(January 14) – South Asia’s largest Tyre manufacturing factory – The Ferentino Tyre Corporation factory – has been declared open by President Gotabaya Rajapaksa at Horana.
It spans across 60 acres at Wagawatta Export Processing Zone in Horana.
The tyre factory, set up with investment of USD 250 million, is the brainchild of the Chairman of Ceylon Steel Corporation Pvt. Ltd. Mr Nandanan Lokuwithana.
The foundation stone for the facility was laid 2017.
The factory will be manufacturing special tyres for SUVs, motorcycles, three-wheedlers and trucks, as well as solid tyres.
Manufacturing process will be spearheaded by local talent with the use of sophisticated European technology.