Sri Lanka, July 13 -- Associated Motorways (Private) Limited (AMW) has formally transferred its Solid Tyre Division to wholly owned subsidiary AGTL (Associated Global Trading (Private) Limited), marking a significant milestone in the company's long-term growth strategy and a foundational step towards AGTL operating as a Board of Investment (BOI)-registered entity.

As a BOI-focused manufacturing entity, AGTL will be better positioned to expand production capacity, accelerate export growth, and strengthen strategic partnerships, building on its established presence in international markets to further position Sri Lanka as a competitive manufacturing hub.

The transition was commemorated at an official ceremony held at the AMW Head Office,...