# GRI completes phase II of $100M specialty tire factory expansion in Sri Lanka

GRI has completed phase II of its $100 million production capacity upgradation investment for its specialty tire facility in Sri Lanka, increasing capacity by almost 100% to 60 tons per day. Phase III is underway to reach 750,000 tires per year.

- Type: Expansion
- Announced: 2022-07-19
- Where: Sri Lanka, Sri Lanka
- Value: $100.0M
- Jobs: 500
- Starts operating: 19 Jul 2022
- Status: completed
- Capacity: 60 tons per day (phase II), 750,000 tires per year (total)
- Products: specialty tires, agriculture tires, material handling solid tires, construction tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [GRI](https://endata.com/companies/58998.md)

## Sources

- [ft.lk](https://www.ft.lk/front-page/GRI-completes-phase-II-of-100-m-specialty-tire-factory-expansion/44-737664), 2022-07-19: "We are proud to have received such encouraging levels of customer acceptance for our radial as well as bias agriculture tires, which we present to the international markets we operate in as our GREEN XLR and GREEN EX brands."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.