Prabhash Subasinghe oversees all operations of Global Rubber Industries (Pvt.) Ltd. (GRI), from product development and manufacturing to the Sri Lanka-based company’s sales operations, which span 50 countries.
Triangle Tyre Co. Ltd. has selected EdgeCombe County in North Carolina as the location for its first manufacturing facility in the United States. The plant represents an investment of nearly $580 million by the tire company and will employ up to 800 people when fully operational.
Although demand for retreads is increasing, low-cost imported tires continue to squeeze profitability. Aggressive truck stop chains, manufacturer price increases and supply issues are the latest headwinds.