Palaniswami inaugurates Ceat Tyre's greenfield manufacturing facility
Business

Palaniswami inaugurates Ceat Tyre's greenfield manufacturing facility

Agency News

Chennai, Feb 12 : Tamil Nadu Chief Minister Edappadi K Palaniswami today inaugurated tyre major CEAT Limited's Rs 4,000 crore greenfield manufacturing facility at Kanathanangal village, in Sriperumbudur, about 40 km from here.

The facility would produce 30,000 tyres per day and have an installed capacity of making 96 lakh radial tyres per annum, for lorries, buses and cars, besides two-wheelers. Palaniswami said at present synthetic rubber, one of the raw materials for making tyres, was being imported from abroad.

Stating that a petrochemical plant in the state would help domestic tyre companies to locally source synthetic rubber at cheaper rates, he said it would also help in reducing manufacturing costs and create job opportunities.(UNI)

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