A milestone was achieved today in the manufacture of tyres in Sri Lanka with the official inauguration of a new hi-tech production facility for radial tyres for passenger cars and Sports Utility Vehicles (SUVs) at CEAT Kelani Holdings, the country’s leading tyre maker.
Economic Development Minister Basil Rajapaksa led a team of government ministers to this milestone event. Since 2009, theCEAT Kelani joint venture has invested Rs. 2.5 billion in enhancing capacity, modernising its factory and setting up this new radial plant.
Seamlessly integrated with the existing CEAT Kelani manufacturing complex at Kelaniya, the new radial tyre production facility enables the company to augment its radial tyre building and curing capacity by 70 per cent to 450,000 tyres a year, thereby substituting more than 60 per cent of the country’s imports in this category.
Besides contributing to a substantial saving of foreign exchange, the new plant would also cater to CEAT Kelani’s exports of radial tyres from Sri Lanka. More than a third of current radial tyre production fromthe company’s production facility is exported.
The formal opening of the new plant saw Minister Basil Rajapaksa, accompanied by Kumara Welgama, Minister of Transport, Johnston Fernando, Minister of Co-operatives & Internal Trade, Dr Mervyn Silva, Minister of Public Relations & Public Affairs and other dignitaries, cut the traditional ribbon, unveil a commemorative plaque, start up a tyre building machine and witness a tyre coming out of a curing press.
www.island.lk
Economic Development Minister Basil Rajapaksa led a team of government ministers to this milestone event. Since 2009, theCEAT Kelani joint venture has invested Rs. 2.5 billion in enhancing capacity, modernising its factory and setting up this new radial plant.
Seamlessly integrated with the existing CEAT Kelani manufacturing complex at Kelaniya, the new radial tyre production facility enables the company to augment its radial tyre building and curing capacity by 70 per cent to 450,000 tyres a year, thereby substituting more than 60 per cent of the country’s imports in this category.
Besides contributing to a substantial saving of foreign exchange, the new plant would also cater to CEAT Kelani’s exports of radial tyres from Sri Lanka. More than a third of current radial tyre production fromthe company’s production facility is exported.
The formal opening of the new plant saw Minister Basil Rajapaksa, accompanied by Kumara Welgama, Minister of Transport, Johnston Fernando, Minister of Co-operatives & Internal Trade, Dr Mervyn Silva, Minister of Public Relations & Public Affairs and other dignitaries, cut the traditional ribbon, unveil a commemorative plaque, start up a tyre building machine and witness a tyre coming out of a curing press.
www.island.lk
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