MoneyWorks4Me

Ceat plans to begin plant in Bangladesh

23 Feb 2012 Evaluate

Tyre maker Ceat is planning to begin a plant in Bangladesh and has started the field survey and selection of land for the same. The Bangladesh plant would make cross-ply tyres for trucks, light and small commercial vehicles and two-wheelers for the local market.

Last week, the company announced that it planned to invest 416 crore taka (Rs 250 crore) to set up a plant in Bangladesh.

Ceat makes different types of tyres for vehicles, including big trucks, counter balance trucks, warehouse trucks, personal cars, motorcycles, and three-wheelers.

Peers
Company Name CMP
MRF 117887.00
Apollo Tyres 384.40
JK Tyres & Inds. 309.20
Ceat 3061.90
Balkrishna Inds. 2110.05
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