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CEAT to officially open Rs.600mn radial tyre plant next week

5 June 2014 09:58 am - 0     - {{hitsCtrl.values.hits}}

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CEAT Kelani Holdings, a joint venture between India’s RPG Group and Sri Lanka’s Kelani Tyre, is scheduled t o officially open a Rs.600 million passenger car radial tyre production facility next week, with the aegis of Economic Development Minister Basil Rajapaksa.

The new plant is integrated with the sprawling CEAT Kelani manufacturing complex in Kelaniya, enabling it to seamlessly augment production of CEAT-branded tyres for the domestic and export markets.

When t he new t yre building machines and presses start production, CEAT Kelani will increase its radial tyre building and curing capacity by 70 percent, from 23,000 tyres per month to 39,000.

The market leader in Sri Lanka in both the radial and commercial tyre segments, CEAT has accounted for nearly 50 percent of the country’s tyre requirements since the second quarter of 2013-14.

The brand currently has market shares of 57 percent for tyres in the truck/light truck category, 32 percent in radials, 46 percent in three-heeler, 19 percent in motorcycle and 73 percent in the agricultural segments.

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Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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