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Demand for high performance, reliable and technologically advanced speciality tyre is increasing: Prabhash Subasinghe

The global market of specialty tyres, valued at US$20 billion, includes industries that have significant stakeholder influence in the global economic climate, these comprise the agricultural, mining, forestry, industrial and off-road tyres and aviation industries, said SLAMERP Chairman and Managing Director of Global Rubber Industries (Pvt) Ltd. (GRI), Prabhash Subasinghe .

Subasinghe shared his knowledge on the latest market trends and developments at the International Rubber Study Group, Industry Panel in Singapore recently.

“Therefore, the demand for high performance, reliable and technologically advanced speciality tyre are increasing in todays’ fast paced circular economy,” Subasinghe stated. “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.”, added he.

Imparting insight on an overview of the speciality tyre market, Mr. Subasinghe addressed the segment by categories and regions, he brought focus to an evaluation on the key players of the industry and their regional presence.

SLAMERP is an association created in 1985, to represent the manufacturers and exporters of rubber products in Sri Lanka. With the mission of being the face of the industry to the government, SLAMERP advocates on policy matters and in providing unwavering representation of the rubber industry at local and international forums.

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