CEAT invests Rs 400 mln in Kelaniya plant, increases radial production
View(s):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.
Pic shows CEAT – Kelani Managing Director Raman Rajagopalan commissioning the new 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 in a media statement.
“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 noted 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.
CEAT Kelani’s passenger car radials branded ‘CEAT Milaze’ are now used by more than 850,000 customers in Sri Lanka, and have been chosen by many as Original Equipment. These tyres are also exported from Sri Lanka to 14 countries.
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