President Gotabhaya Rajapaksa declared  open Southeast Asia's largest tyre manufacturing facility Ferentino Tyre (Pvt) Ltd at Horana  today.

Built at an estimated cost of $ 250 Million, the project's Phase One  has been completed while Phase Two  is slated to be completed and  ready for commissioning in March 2021.

Ferentino Tyres is the brainchild of respected entrepreneur and  Chairman of Ceylon Steel Corporation  Nandana Lokuwithana.

Ferentino Tyre Corporation (Pvt) Ltd is a venture facilitated by the Board of Investment of Sri Lanka (BOI) & features state-of-the-art European technology optimised to deliver a premium output.