MRF commences production at its new plant in Tiruchi

Tyre maker MRF has established 200-acre plant worth Rs 900 crore in Tiruchi at Tamil Nadu, which will manufacture the entire range of tyres, including truck tyres and radials. This plant will cater to both domestic and export requirements. The plant has just begun rolling out tyres, for both commercial and non-commercial vehicles.

The company expects this plant to reach full capacity in six months. This facility was proposed as its existing six manufacturing units were operating at full capacity. MRF's other manufacturing units are in Arakonam, Tiruvottiyur (Tamil Nadu), Medak (Andhra Pradesh), Goa, Kottayam (Kerala) and Puducherry.

The company has posted a 25 per cent increase (year-on-year) in net sales at Rs 3,264 crore. Net profit rose 68 per cent to Rs 150 crore.