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March 22, 2019 02:00 AM

GRI sees growth potential for specialty tire market

Tire Business Report
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    GRI
    Prabhash Subasinghe, managing director of Global Rubber Industries (Pvt.) Ltd., gives his presentation during an International Rubber Study Group industry panel.

    SINGAPORE—The global demand for high performance, reliable specialty tires bodes well for manufacturers, Prabhash Subasinghe, managing director of Global Rubber Industries (Pvt.) Ltd., told an International Rubber Study Group industry panel at a gathering, held March 20 in Singapore.

    With the global market of specialty tires valued at $20 billion,"the demand for high performance, reliable and technologically advanced specialty tires are increasing in today's fast-paced circular economy." Subasinghe said. "This offers a new frontier of possibility for us to take definitive action to augment our vision and increase the economic prosperity of the industry by becoming a global force in the years to come."

    The market includes products for the agricultural, mining, forestry, industrial and and aviation industries.

    Subasinghe is chairman of the Sri Lanka Association of Manufacturers & Exporters of Rubber Products, an association created in 1985 to represent the manufacturers and exporters of rubber products in Sri Lanka.

    According to the group, its mission is to be the face of the industry to the government advocating policy matters and providing representation of the rubber industry at local and international forums.

    During his talk, Subasinghe addressed each segment by categories and regions, focusing on the evaluation of key players of the industry and their regional presence.

    Subasinghe also serves as director of the Export Development Board of Sri Lanka; co-chair of the National Agenda Committee on Export Development; a member of Young Presidents Organization; and a member of SRI (Sri Lanka Society of Rubber Industry).

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