Minister of Tamil Nadu inauguratedCEAT Ltd.’sfirst manufacturing plant in Tamil Nadu!
- CEAT launchedits largestpassenger radial tyres manufacturing plant in Kanchipuram district
- Edappadi K. Palaniswami, Chief Minister of Tamil Nadu in the presence ofShri M. C. Sampath, Minister of Industries Tamil Nadu inaugurated the plant
- Investment of INR 4000 Cr planned over the next 10 years
Chennai, 12thFebruary 2020:One of the leading tyre manufacturers in India, CEAT Ltd. expanded their presence in the countrywith their first greenfield plant in Kanchipuram, Tamil Nadu. The plant was inaugurated by Shri. Edappadi K. Palaniswami, Chief Minister of Tamil Nadu in the presence of Shri M. C. Sampath, Minister of Industries Tamil Nadu.
With a total plot area of 163 acres, the plant has a manufacturing capacity of 28,500 passenger car radial tyres per day and 2,500 motor-cycle radial tyres per day.It is one of the most advanced tyre plants in South Asia with a capability of serving developed markets and high-end automobile manufacturers. An investment of INR 1400 Cr. has been made, which will offer employment to over 1000 individuals in the next few years. CEAT is one of the first tyre companies to employ women on the shop floor and plans to further increase women employment in its Chennai factory.This is CEAT’s 6thmanufacturing facility in India with plants located in Mumbai, Nasik, Nagpur, Ambernath andHalol.
The Guest of Honour, Thiru. Edappadi K. Palaniswami, Chief Minister of Tamil Nadu said, “We are delighted that CEAT and the RPG Group have decided to launch their manufacturing plant in Tamil Nadu, India’s largest tyre manufacturing state. CEAT’s factory will be a jewel in the crown of Tamil Nadu. We are certain that this will bring many new job opportunities.”
“I congratulate Mr Anant Goenka and his team at CEAT for commissioning this plant within 18 months from the date of MoU. This goes on to show the efficiency and managerial capabilities of CEAT.”
Speaking at the occasion, Mr Anant Goenka, Managing Director, CEAT Tyres Ltd said, “We are proud to inaugurate our state-of-the-artmanufacturing plant in Kanchipuram. Tamil Nadu offers the unique benefit of having many automobile manufacturers, proximity to Port and a favourablelabour environment. We aim to positively enhance the ecosystem here by creating more job opportunities and contribute towards the overall betterment of the society and community.”
The expansion will create skill development opportunities for the people of Tamil Nadu along with amenities such as specialized training, uniform, canteen and transport. From a hygiene standpoint, the plant will aid in improving the livelihood of the neighbourhood by ensuringnecessitiessuch as water and sanitation.
About CEAT Ltd (www.ceat.com):
CEAT, the flagship company of RPG Enterprises, was established in 1958. Today, CEAT is one of India’s leading tyre manufacturers and has a strong presence in global markets. CEAT produces over 35 million tyres a year and offers the widest range of tyres to all segments and manufactures world-class radials for; heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, motorcycles and scooters as well as auto-rickshaws.
About RPG Enterprises (www.rpggroup.com):
RPG Enterprises, established in 1979, is one of India’s fastest-growing business groups with a turnover of US$ 4 Billion. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses.