MRF, country’s largest tyre manufacturer is likely to increase imports due to rubber shortage in the country. At present the company consumes 14,000 tonnes of rubber every month, bulk of this comes from Kerala and 40% is sourced from South-East Asian countries such as Thailand and Malaysia. The company is also looking for acquisition of tyre companies, manufacturing plants and plantations in South East Asia and Europe to tide over the shortage.
MRF (Madras Rubber Factory) is India’s No.1 tyre manufacturing company. Currently, the company exports tyres to over 65 countries including America, Europe, Middle East, Japan, and the Pacific region.
