AMW transfers Solid Tyre Division to AGTL; paves way for BOI registration

Friday, 17 July 2026 00:05 - - {{hitsCtrl.values.hits}}

From left: AMW Manager – Company Secretarial and Legal Ajinstan Benil, Al-Futtaim Group Vice President – Emerging and International (Automotive) Antoine Barthes, AMW Head of Legal Piyumi Dhanushika, Al-Futtaim Group President – Automotive Jorge Navea, BOI Chairman Duminda Hulangamuwa, Director General Dr. Sulakshana Jayawardena, AMW Managing Director Jawahar Ganesh, Head of Human Resources Harshani Ranasinghe, General Manager – Lubricants, BP Castrol Shehann de Zoysa, and Head of Factory Damith Gamage

Associated Motorways Ltd., (AMW) has formally transferred its Solid Tyre Division to wholly owned subsidiary AGTL (Associated Global Trading Ltd., 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.

AMW Managing Director Jawahar Ganesh said: “Formalising the transfer of our Solid Tyre Division to AGTL is a deliberate step in our broader strategy to build a more focused, investment-ready business. BOI registration opens a new set of opportunities, from expanded production capacity to deeper integration with global markets, and we are well positioned to capitalise on them. This is about ensuring AGTL has the right structure to grow on its own terms, with the full backing of AMW and Al-Futtaim behind it.”

This strategic move highlights AMW’s comprehensive business offering, which spans vehicle distribution, manufacturing, after-sales services, and retail. By streamlining operations and allowing AGTL to independently scale its export capabilities, AMW further strengthens its position as a leader in the automotive sector.