CEAT increases radial production by 30%
Invests Rs.400 mn in Kelaniya plant expansion:
CEAT Kelani Holdings has commissioned three new curing presses at its
radial tyre plant in Kelaniya, increasing capacity by 30 per cent to
meet growing demand in the domestic and export markets.
CEAT – Kelani Managing Director Raman Rajagopalan commissions
presses at the company’s radial tyre plant.
This latest phase of expansion of capacity of the radial tyre plant,
the third since its inception, involved an investment of Rs. 400
million, taking CEAT Kelani's cumulative investment in radial tyre
manufacture in Sri Lanka to Rs. 850 million, the company said.
"CEAT is already the highest selling radial tyre brand in the
country's passenger car and van segments. We are very upbeat about the
potential for growth in the radial tyre market, following the
exceptional success we have had over the past two years, with CEAT
radials capturing a market share of more than 30 per cent by May 2013,"
CEAT Kelani Managing Director Raman Rajagopalan said.
He disclosed that the commissioning of three new radial curing
presses at the company's plant will be followed by the installation of
additional tyre building machines by October-November this year,
allowing CEAT Kelani to double its radial production capacity.
These new machinery will also give the plant the capability of
producing radial tyres for Sports Utility Vehicles (SUVs) and high-end
passenger cars, and will enable CEAT Kelani to increase the number of
radial tyre sizes it produces and markets in Sri Lanka to more than 30.