CEAT Kelani Holdings (Pvt) Ltd.
which produces almost half of Sri Lanka’s tyre requirements invested Rs.
600 million to establish a new factory for producing radial tyres.
This new factory is adjoining the existing CEAT Kelani manufacturing
complex in Kelaniya. The company says that this would enable it to
develop its tyres with the CEAT brand name for the local as well as
export markets.
With production in this factory beginning from April 2014, the
capacity of CEAT Kelani Holdings to produce CEAT radial tyres would
increase by 70 percent, from 23,000 tyres per month to 39,000 per month.
CEAT which is the leader in Sri Lanka’s radial and commercial tyre
market, produces nearly 50 percent of Sri Lanka’s tyre requirements from
the second quarter of 2013-14. From the nearly 1450 metric tons of
tyres produced by CEAT Kelani Holdings, some 500 metric tons are
exported to markets in many countries including South Asia, the Middle
East, Africa etc.
www.adaderanabiz.lk
As with the title, I came to know about this that CEAT invests Rs. 600 million more on radials, well that's really good for it's welfare,a s investing in something results or outputs better than nothing in Option trading Tips.
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