GRI Tires
 | |
| ISIN | 🆔 |
|---|---|
| Industry | Specialty tires, Construction, Agriculture |
| Founded 📆 | 2002 |
| Founder 👔 | Prabhash Subasinghe |
| Headquarters 🏙️ | Colombo, Sri Lanka |
Area served 🗺️ | Worldwide |
| Products 📟 | Tires |
| Members | |
Number of employees | 500 |
| 🌐 Website | https://gritires.com/ |
| 📇 Address | |
| 📞 telephone | |
Global Rubber Industries Pvt. Ltd (GRI) is a manufacturer of specialty tires, headquartered in Sri Lanka. It has sales offices and warehouses in the United States, France, Germany, Netherlands, Spain, Lithuania, Latvia Estonia, and Australia. GRI produces agriculture tires, construction tires and material handling tires primarily using Sri Lankan natural rubber.
History and growth[edit]
GRI material handling tyres are used in the replacement market for forklifts all over the world. It is the largest producer of solid excavator tyres.[1]
In 2018, the company opened a specialty tire facility in Badalgama with an investment of over 40 million dollars,[2] becoming the first manufacturer to produce Radial Agriculture tires in Sri Lanka.[2] In 2020, GRI commenced the construction of a new mixing facility in the Mirigama Export Processing Zone (MEPZ) in Sri Lanka.[3] In January 2021, GRI began expanding its specialty tire production plant to increase its capacity to 750,000 tires per year.[4][5]
In 2018, Dr Mahesha Ranasoma was appointed as CEO.[6]
Global locations[edit]
It opened its first off-shore sales offices in U.S and France in 2003. In 2011, GRI opened sales offices in Netherlands and Germany and expanded its manufacturing plant in Sri Lanka.[7] It entered the Australian market in 2014 in Brisbane, expanding to Melbourne in 2015. It 2016, GRI acquired two U.S. tire retail and service companies and also expanded in the U.S. in 2019.[8][9]
In 2019, GRI acquired Axis Industrial Tires in Sydney, Adelaide, and Melbourne, rebranding and merging existing sales and service outlets with GRI operations.[10] In 2o19 GRI acquired the Nortire Group, an Estonian company with branches in Lithuania and Latvia, in its Northern European expansion.[11]
References[edit]
- ↑ Staff, Tire Review (2018-01-30). "GRI Opens Advanced Specialty Tire Factory in Sri Lanka". Tire Review Magazine. Retrieved 2021-05-15.
- ↑ 2.0 2.1 "GRI Tyre opens US$ 40 mn manufacturing facility at Badalgama". Daily News. Retrieved 2021-05-15.
- ↑ "GRI launches radial agriculture tire in Sri Lanka | Daily FT". www.ft.lk. Retrieved 2021-05-15.
- ↑ "GRI Breaks Ground on New Production Facility". www.moderntiredealer.com. Retrieved 2021-05-15.
- ↑ Events, UKi Media & (2021-01-19). "GRI to quadruple production capacity with new Sri Lanka plant". Tire Technology International. Retrieved 2021-05-15.
- ↑ "Dr. Mahesha Ranasoma appointed GRI CEO | Daily FT". www.ft.lk. Retrieved 2021-05-15.
- ↑ "Global Rubber starts up solid tyre plant". European Rubber Journal. 2011-09-28. Retrieved 2021-05-15.
- ↑ "Sri Lankan tire maker acquires U.S. retailers". Rubber & Plastics News. 2016-11-22. Retrieved 2021-05-15.
- ↑ "GRI expands operations in Cincinnati, Ohio". www.scmr.com. Retrieved 2021-05-15.
- ↑ "GRI acquires Australia specialty tire distributor AXIS Tyres". Rubber & Plastics News. 2019-12-09. Retrieved 2021-05-15.
- ↑ Events, UKi Media &. "Tire Technology International Magazine | Industry News | UKi Media". Tire Technology International. Retrieved 2021-05-15.
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