Mega tyre manufacturing plant opened in Horana
2021-01-14 at 17:06
The largest tyre manufacturing plant in the South-East Asian region was declared opened today in Horana.
President Gotabaya Rajapaksa declared opened the factory in Wagawatta, Horana this afternoon.
The factory has been established within a 155-hectare land with an initial investment of US$ 100 million.
The President’s Media Division said the plant will use modern technology from Europe during the manufacturing process.
According to the PMD, 80% of the production will be exported while the remaining 20% will be allocated for the domestic market.
The initial production of tyres will be exported to the United States.