{"id":6166,"date":"2018-06-09T13:06:34","date_gmt":"2018-06-09T07:36:34","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=6166"},"modified":"2018-06-25T18:06:59","modified_gmt":"2018-06-25T12:36:59","slug":"tvs-groups-sun-tyre-buys-sri-lankan-tyre-plant-starco-lanka-private-limited","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/tvs-groups-sun-tyre-buys-sri-lankan-tyre-plant-starco-lanka-private-limited\/","title":{"rendered":"TVS Group\u2019s Sun Tyre Buys Starco&#8217;s Colombo Based Facility"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-6174 size-full\" src=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2018\/06\/Starco-Lanka-Private-Limited-e1528701261652.jpg\" alt=\"Starco Lanka Private Limited\" width=\"729\" height=\"410\" \/><\/p>\n<p>In a recent development TVS Group\u2019s Sun Tyre &amp; Wheel Systems has acquired Denmark based Starco Company\u2019s\u00a0tyre plant\u00a0located in Colombo, Sri Lanka. According to media reports, the amount of this acquisition has not been disclosed to the public. This plant now becomes Sun Tyre&#8217;s third manufacturing facility in Sri Lanka.<\/p>\n<p>The plant became operational in 2014 and will boost Sun Tyre\u2019s overall production capacity by up to 40 percent. Currently, it is producing 1,00,000 tyres per annum. Sun Tyre specializes in producing off-highway tyres, wheels, and assemblies for customers ranging from airports to mining companies.<\/p>\n<p>Starco has said that India based Sun Tyre &amp; Wheel Systems will expand the factory\u2019s volume of production. Moreover, as per the mutual agreement, it will also continue to manufacture Starco\u2019s Gecko, Makhna, Tusker, and Unicorn tyre brands in Sri Lanka. Starco expressed happiness on partnering with Sun Tyre, a part of $10 billion TVS Group. Its CEO, Richard Todd said that they are seeing great potential in future for both the companies, especially in the industrial segment. Joseph Fernando, Sun Tyre\u2019s President also expressed optimism\u00a0on this \u201cexciting opportunity\u201d that will help their manufacturing potential as well as facilities.<\/p>\n<p>Last year in the month of October, Starco was acquired by Taiwan based Kenda Rubber Industrial Co. Ltd. The acquisition cost Kenda over $21 million. Starco has its presence in the UK, China and Croatia.\u00a0\u00a0<a href=\"https:\/\/www.tyremarket.com\/tyremantra\/category\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read Tyre Industry News Here&#8230;!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent development TVS Group\u2019s Sun Tyre &amp; Wheel Systems has acquired Denmark based Starco Company\u2019s\u00a0tyre plant\u00a0located in Colombo, Sri Lanka. According to media&#8230;<\/p>\n","protected":false},"author":9,"featured_media":6174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[4320,4319,1713,4321],"class_list":["post-6166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-starco-lanka-private-limited","tag-sun-tyre-wheel-systems","tag-tvs-group","tag-tyre-manufacturing-company"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>TVS Group\u2019s Sun Tyre Buys Starco&#039;s Colombo Based Facility<\/title>\r\n<meta name=\"description\" content=\"In a recent development TVS Group\u2019s Sun Tyre &amp; Wheel Systems has acquired Denmark based Starco Company\u2019s tyre plant located in Colombo, Sri Lanka.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, 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