US-based Rovince to increase investment in Sri Lanka
View(s):Rovince International Corp, a Solid Tyre manufacturer and distributor based in Los Angeles, California and owned and run by Sri Lankans, is increasing by two-fold capacity its Solid Tyre manufacturing plant in Sri Lanka.
Mr. Lionel Perera
The company currently operate multiple warehouses in the US and ship to various other countries worldwide.
Its Chairman Lionel Perera said in a media release that, “we have seen steady demand growth for our products, and this is the right time to invest in expansion”. He also went on to say, “we anticipate by this capacity increase to generate both direct and indirect jobs that will help the local economy and bring in much needed foreign revenue.”
Director Devaka Cooray, based in the US, said this production expansion is part of a strategic growth initiative planned for last year. “Despite the challenging economic conditions post COVID-19, we are confident in moving forward in the right direction and continue to be a formidable force in the Solid Tyre industry.”
Director Ananda Hendalage, based in Sri Lanka, said, “despite the recent challenges we continued production to the best of our ability to keep up with the demand and this expansion will add much needed capacity.”
With the expansion, Rovince hopes to further strengthen its distribution footprint not only in the US but also globally.
One of Rovince International Distribution Facilities in the US.