15 January, 2021
President Gotabaya Rajapaksa opened Ferentino Tire Corporation PVT Ltd yesterday (14).
The factory is set up on a 155-acre land belongs to BOI Industrial Zone in Wagawatta, Horana and considered the largest tyre and radial tyre manufacturing factory in South Asia.
Manufacturing will be carried out according to the European technology in order to manufacture special tyres for SUVs while catering to the demand in the world market for tyres for cars, bicycles and three-wheelers.
80% of the production will be exported and the remaining 20% will be supplied to the local market.