CEAT to open new Rs 600 mn radial plant in Sri Lanka

CEAT Kelani Holdings, the company that manufactures half of Sri Lanka’s tyre requirements, has announced a further commitment to the country in the form of an investment of Rs 600 million on a new tyre plant to produce high-end radial tyres.

The new plant is integrated with the sprawling CEAT Kelani manufacturing complex at Kelaniya, enabling it to seamlessly augment production of CEAT branded tyres for the domestic and export markets, the company said.When the new tyre building machines and presses start production in April 2014, CEAT Kelani will increase its radial tyre building and curing capacity by 70 per cent, from 23,000 tyres per month to 39,000.www.island.lk