COLOMBO, Sri Lanka (Feb. 8, 2008) — Laugfs Rubber (Pvt.) Ltd. is investing $3 million to add capacity at its plant in Millewa-Horana to make solid tires for forklifts and other heavy machinery.
Laugfs Rubber, part of Sri Lanka's Laugfs Holding Ltd., expects most of the solid tire production will be exported to Australia and South Africa.