List of articles tagged: CEAT

CEAT Ltd. announced that it is acquiring the “CEAT” Brand from Pirelli & C. SpA for 9 million Euro (Rs 55 crore). CEAT Ltd. is currently the owner of the CEAT brand in 9 South Asian countries:  India, Sri Lanka, Bangladesh, Myanmar, Pakistan, Bhutan, Nepal, Afghanistan and Vietnam. Pirelli is the owner of the CEAT Trademark in the rest of the world.This acquisition will enable the company to export radial and cross-ply tyres to the whole world, under the CEAT brand name.  CEAT currently exports its tyres to Europe and South America in the “Altura” brand.  It will now be able to export in the CEAT brand, which is well established in these regions. It will also allow the company to outsource tyres from any country under the CEAT brand.

CEAT has increased its production capacity at the Nashik Plant by over 1000 tonnes per month. The CEAT Nashik plant produces truck, LCV and agricultural tyres. The capacity of the plant has increased for the truck by 170,000 nos. p.a., LCV by 96,000 nos. p.a. and Tractor Rear categories by 50,000 nos. p.a. This expansion adds up to 1000 tonnes per month. CEAT sees a robust opportunity for increasing its market share in these segments. With this expansion the company aims to increase its overall market share by more than 2%.

India road transportation awards committee announced the national winners of the first India Road Transportation Awards (IRTA) at a ceremony organized by CEAT. The awards, which were presented in Mumbai, recognized cutting-edge process and innovations undertaken by fleet owners in the transport industry.

RPG Group’s flagship company, CEAT Tyres, announced the winners of ‘India Road Transportation Awards 2010’ from the West zone. The following are the winners with the categories mentioned: •    Bhorukas Logistics Pvt. Ltd. and BLR Logistics (I) Ltd. for Customer service •    V - Trans (India) Ltd. for Personnel management

CEAT Limited inaugurated the Radial Tyre Greenfield project in Halol, Gujarat. Investment worth Rs 700crore will be made in three phases. The plant will provide employment opportunities to 1000 people in the first phase.