Hambantota Port Ceylon Tire Manufacturing Factory Project - Details on ZAWYA UAE Edition
added on: 12 January 2021

Hambantota Port Ceylon Tire Manufacturing Factory Project

Also known as: Hambantota Port Haohua Tire Manufacturing Factory Project
Ongoing

Background

Shandong Haohua Tire Co Ltd planned to develop Hambantota Port Ceylon Tire Manufacturing Factory Project, in Hambantota Port, Hambantota, Southern, Sri Lanka. The project covered the construction of a tire factory on 49-hectare area. The annual output of the facility would reach 1.5 million sets of all-steel radial tires and 7.5 million sets of semi-steel radial tires. The total production value was expected to be USD 500 million. The project would promote the Belt & Road Initiative cooperation between Sri Lanka and China, as well as the local economy and employment rate.
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