Commercial Business

Rovince experiences growth in first 5 years

Posted on February 26, 2015
Rovince Tire says its revenues grew 32% in 2014, and that the company is adding tires to its commercial lineup.

Rovince Tire says its revenues grew 32% in 2014, and that the company is adding tires to its commercial lineup.

Rovince Tire in Los Angeles is completing its fifth successful year in recording growth in both revenues and market share.

The company says its board has authorized $2 million to facilitate growth and expansion to further strengthen manufacturing facilities located in Sri Lanka as well as to strengthen existing distribution networks in North America.

Managing Director Devaka Cooray says,“Our customers have placed great trust in our products and we are deeply committing ourselves in providing a well-engineered tire that is both economical and superior comparative to the standard competition”. 

“We have invested into a new project where we have begun developing a new line of Rovince – Greentread Eco+ Solid tires that will use a much more eco friendlier process minimizing carbon footprint, we can issue further details once development stages are complete.

"Last year we recorded a 32% growth in revenues and hope to maintain the upward trend with a positive attitude going into the new year.”

Rovince now offers a full range of solid pneumatic, press-on-band, and solid construction tires. All tires manufactured by Rovince comply with U.S market specifications and follow strict guidelines in compliance with quality control procedures.

Rovince intends to further invest in their existing manufacturing facilities by adding more equipment to facilitate the continued growth in the business. Customers could expect beyond par lead times on Rovince products as a result of a more efficient and effective production line, the company says.  

Rovince also will add more variants to its existing Summa line by adding Summa HD and Summa Eco+ tires to the selection.

For more information, visit www.rovincetire.com.

Related Topics: commercial tires, Devaka Cooray

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