On 31 January 2022 Kelani Tyres PLC announced plans from the Kelani Tyres/Ceat joint venture to invest up to 3.2 billion Sri Lanka rupees (£11.637 million; 13.915 million euros; US$15.801) in increasing its tyre manufacturing capacity via machinery upgrades.
The latest joint venture plant set up by India’s RPG Group and Sri Lanka’s Kelani Tyre will officially open next week, states Sri Lanka’s Daily Mirror. The publication says the Rs 600 million (£2.7 million) passenger car tyre radial factory, which is located at the existing Ceat Kelani site in Kelaniya, will enable the joint venture operation to increase its radial capacity by 70 per cent to 39,000 tyres a month.
Production capacity at Ceat Kelani Holdings’ site in Kelaniya, Sri Lanka will rise by almost 70 per cent following the entry into operation of a new plant dedicated to passenger car and SUV radial production. When the new tyre building machines and curing presses start production in April, CEAT Kelani will increase its radial tyre building and curing capacity from 23,000 tyres per month to 39,000. The facility has been established through an investment of Rs 600 million (£2.8 million).