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Sun Tyre & Wheel Systems, part of the 107-year, $8 billion TVS Group of India, has acquired STARCO Lanka Private Limited, based in Sri Lanka. The acquisition of STARCO Lanka as SUN-TWS' 5th manufacturing plant, in addition to expansion at its existing plants in Sri Lanka and India, increases overall capacity by 40% to meet the growing demand from our valued global customer base. SUN-TWS has an exceptional portfolio of Off-Highway tyres, wheels and assemblies that serves the needs of Material Handling, Construction & Mining, Heavy Duty Trailers, Airports and Seaports.

STARCO Lanka was set up in 2011 to produce solid industrial tyres, becoming an important partner for the original equipment manufacturers and key aftermarket distributors.

SUN-TWS offers our clients the unique advantage of acquiring all their Off-Highway tires and wheels from OneSource.

Mr. Joseph Fernando, President SUN-TWS commented, "the key to the continued success of our business is its unique business model, a passion for reliability and consistency, unrivalled customer service and an enduring loyalty to its clients; making SUN-TWS the preferred partner for its customers around the globe. This is an exciting opportunity that will bring anticipated synergy to our manufacturing facilities."

"We see great potential to develop a partnership with SUN-TWS, immediately for our industrial segment, but also for other segments. We will maintain sales and distribution of our solid tyre ranges as the market knows it today," states Richard Todd, Chief Executive Officer at STARCO.

For further information, please contact:
Ms. Dia Muthana
Corporate Communications
Sun Tyre & Wheel Systems
180 Mount Road
Mob: +1 (650) 400-2916
Main: +1 (919) 300-7517
Main: +44 20 3371 9132
Main: +91 44-45504157

STARCO has been a pioneering force in the wheel and tyre industry for more than 55 years. Today, 550 STARCOnians make up a great team bound by a passion to develop, manufacture and deliver clever wheel solutions. STARCO's specialty is low and high volume standard and bespoke complete wheels for a wide range of applications - from the smallest wheelbarrow or trailer, to large agricultural or industrial machines and implements.

With factories in the UK, Croatia, Sri Lanka and China, as well as eight sales and distribution locations across Europe, STARCO has a widespread distribution network. STARCO had a turnover of 110 million EUR in 2016. STARCO is a part of the Kenda Group that is one of the world's leading tyre and tube manufacturers with factories all over the world and 11,000 employees globally

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Sun Tyre & Wheel Systems (SUN-TWS) is part of the $8 billion TVS Group. TVS, founded in 1911, are leaders in Automotive Engineering and suppliers to all the major Automotive OEMs around the world. SUN-TWS is a leading supplier of all material handling and off-highway tyres, wheels and related products, with five manufacturing plants in the Natural Rubber rich countries of Sri Lanka and India after the acquisition of the STARCO Lanka operations.

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