Ceat to Build Third Indian Facility
India’s Ceat Tyres is investing approximately £70 million to £80 million in the establishment of the company’s third domestic Greenfield plant. The decision to build such a facility has been prompted by the global demand for commercial vehicle tyres, which the company intends to produce at the new site. Passenger car radials will also be produced at the facility. The Ceat group is presently looking for a suitable site in the states of Maharashtra, Gujarat or the excise-free zones of Uttarakhand. The new capacity will boost the company’s current overall capacity by 100 tonnes per day to 400 tonnes per day.