Officials said their location in Sri Lanka allows the company to have access to the best expertise in the field of rubber formulation and processing, giving the company - for the first time in relation to tyre manufacturing - complete control of the process from the raw material to the distribution of the finished product.
The new facility that was opened in September 2014 has a capacity to produce 100,000 tyres per year. The company said that this new venture is their stepping stone at manufacturing their own rubber tyres.
Their first venture in Sri Lanka in 2012 was an investment of US$4 million. STARCO Group, which is a leading tyre manufacturing corporation with over 50 years' experience, hopes this new venture will be the backbone of their manufacturing and will be serving the global market.