SRI LANKA: LAUGFS Corporation (Rubber) to construct second line of production
LAUGFS Corporation (Rubber) Ltd. is planning to construct a second line of production, by adding a new solid tyre plant, which would expand its factory capacity and double its current output. This project is estimated to be completed in two years. In addition to that, an industrial pneumatic tyre plant is in the pipeline. The company has already taken steps to expand its distribution network by appointing three new distributors in France, UAE and the West Coast of the USA.
This was disclosed when Minister of Trade, Dr. Bandula Gunawardena, visited the LAUGFS Corporation (Rubber) Plant in Horana on an invitation from Group Chairman of LAUGFS Holdings Limited, W. K. H. Wegapitiya, Group Deputy Chairman, Thilak De Silva and Group Managing Director,GCEO, Piyadasa Kudabalage. Sri Lanka has been able to become a significant player among global rubber exporters with rubber being a key agriculture product and economic export crop.
Identifying the business potential in this lucrative industry, LAUGFS Holdings diversified into the rubber industry in 2008 through the establishment of LAUGFS Corporation (Rubber) Ltd., which is specialised in manufacturing industrial solid tyres. The minister toured the LAUGFS Rubber factory in Horana and obtained a detailed overview of the manufacturing facility.
LAUGFS Rubber currently operates one of the most modern and eco-friendly manufacturing plants in the country. The plant in Horana produces a full spectrum of industrial tyres including industrial solid tyres which are used for material handling, construction, mining and support equipment for a multitude of industrial operations.
In January of 2020, LAUGFS (Corporation) Rubber, unveiled the latest addition to its product portfolio with the Super Solid Loader Grip Tyre, the largest tyre manufactured in Sri Lanka. LAUGFS Rubber tyres are exported to over 36 countries across 6 continents including the United States and Europe and the organization maintains overseas distributions offices in Illinois, USA, and Florijnweg, Netherlands.
Source: “Daily News”, Colombo; 8 Oct 2020
(Syed Rashid Ali, Karachi, Pakistan)