š AMW Transfers Solid Tyre Division to AGTL for BOI Expansion
ā¢ Corporate Restructuring: Associated Motorways Ltd. (AMW) has formally transferred its Solid Tyre Division to its wholly owned subsidiary, Associated Global Trading Ltd. (AGTL). ā¢ Strategic Objectives: The transfer serves as a foundational step for AGTL to operate as a Board of Investment (BOI)-registered entity. The restructuring aims to build a focused, investment-ready business with the full backing of AMW and parent company Al-Futtaim Group. ā¢ Economic Context & Export Growth: Operating as a BOI-focused manufacturing entity will allow AGTL to independently scale its production capacity, accelerate export growth, and deepen strategic partnerships in international markets. ā¢ National Impact: The move is positioned to further strengthen Sri Lanka's standing as a competitive manufacturing hub for the rubber & tyre sector.