Ceat Limited commissioned the second phase of its Nagpur plant in India’s Maharashtra state on Monday. The tyre maker says the two-wheeler tyre capacity added by this expansion project will be “be ramped up over a period of time, based on market demand and our overall capacities.”
Ever since Indian tyre maker Ceat established its Ceat Specialty Tyres Ltd. off-highway subsidiary in 2015, it has sought to raise its profile and boost business within the agricultural sector. But what products does the Mumbai-headquartered flagship company of RPG Enterprises, a company that produces over 15 million tyres annually, have under development to help farmers boost productivity? Dyutiman Chattopadhyay, vice president of R&D and Technology at Ceat Specialty, outlines the company’s plans.
The lockdown now in place across India is one of the most radical measures seen to date during the COVID-19 pandemic. As a result, tyre production has come to a standstill at plants across the country. While India’s government exempts the manufacture of “ essential commodities” from the three-week lockdown it hasn’t provided clarity as to what products it considers essential. Therefore it is unclear when tyre manufacture will recommence within the country.
Ceat Limited reports that the Mumbai Bench of India’s National Company Law Tribunal (NCLT) approved the Scheme of Amalgamation for the merger of the wholly-owned subsidiary Ceat Specialty Tyres Limited with Ceat Limited. The NCLT granted approval on 13 March.
Commercial production at Ceat Ltd.’s new production facility near Chennai, India began yesterday, reports the tyre maker. Ceat says production capacity at the plant in Sriperumbudur Taluka will now be “ramped up progressively in a phased manner” up to a daily capacity of 28,500 car tyres and 2,500 motorcycle tyres.
Ceat may well be the largest agricultural tyre maker you’ve never heard of, but the company is intent on changing this. After concentrating recent efforts upon developing products suited to European conditions and needs, the company is now dedicating its energies to intensively promoting and establishing its agricultural range within the region.
CEAT has launched a new website – www.ceatspecilaty.com. Writing in a statement announcing the news, CEAT representatives said: “Moving with the times, we have developed our website to serve you better. Browse through it and stay connected with us at all times.”
Indian tyre maker Ceat Ltd. says it anticipates a greater presence in “Europe’s niche market segments” thanks to the recent addition of low profile 19- and 20-inch UHP tyres to its portfolio. Ceat mentions Germany as a market of particular interest for these products.
The Ceat agricultural tyre range will expand this year to cover high power tractor tyres, harvester tyres and steel belted flotation tyres. News of these new product lines was shared at the SIMA show in Paris yesterday, where Ceat Specialty Tyres also presented its recently-launched Farmax R85 series, R65 series and R70 series agricultural radial range, Floatmax radial flotation tyres and Farmax RC row crop radials.
CEAT managing director Anant Goenka will deliver the keynote address at the 5th Asian Tyre & Rubber Conference 2019 (ATRC) on 20 June 2019. The two-day event organised by Asian Business Media, will be held at Hyatt Regency, Chennai on from 20-21 June.
In a letter to BSE, Ceat Ltd. has confirmed entering into a Memorandum of Understanding (MoU) with the government of India’s Tamil Nadu state. The tyre maker told the stock exchange that the MoU for setting up a new greenfield facility covers an estimated investment of Rs 40 billion (£437 million) over a period of ten years. It adds that passenger car radials, commercial vehicle radials and two-wheeler tyres will be produced in the plant.