tyres tagged posts

MRF to invest Rs 90 crore on new plant in Tamil Nadu

With the new manufacturing facility, MRF will have a total of three plants in Tamil Nadu

Tyremaker MRF Ltd has announced that it has signed an agreement with the Tamil Nadu state government to set up a radial tyre facility in Perambulur, and for the expansion of two of its existing plants in the state. MRF has two other factories in Tamil Nadu, at Tiruvattiyur and Arakonam.

The company said it planned to invest Rs 90 crore towards setting up the new facility, and is acquiring nearly 290 acres of land for the plant. The Perambulur facility is expected to have a total capacity of 700,000 radial tyres.

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Foundation stone laid for Ceat’s new radial tyre plant at Halol

The foundation stone for Ceat’s Rs 700 crore radial tyre plant at Halol (about 40km from Baroda) was laid today by the Gujarat Chief Minister, Narendra Modi. Also present at the function were RPG Enterprises chairman, Harsh Goenka, and Ceat’s Managing Director, Paras K Chowdhary

This plant, a greenfield project, will provide employment to over 1,000 people in the first phase of operations, which is 2009-2010. The first tyre from the plant will roll out by May 2010. The Ceat radial tyre plant will be spread across 125 acres of land and is expected to manufacture four million tyres in phase 1. Subsequently, the capacity will be increased to 12 million in the next 10 years.

The investment of Rs 700 crore from Ceat will be made in two phases – in the first phase (2009-2010), Rs 50...

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