KELANIYA, Sri Lanka (June 12, 2014) — CEAT Kelani Holdings has commissioned a radial car and truck tire plant in Kelaniya, according to Sri Lanka’s Ministry of Economic Development, valued at $7 million.
The new plant, operating as Asia Tyres (Pvt.) Ltd., opens with a rated capacity of 13 million units annually, according to the ministry. CEAT Kelani Holdings is a joint venture between India’s RPG Group and Sri Lanka’s Kelani Tyre.
Sri Lankan Economic Development Minister Basil Rajapaksa was on hand to cut the ribbon at a June 10 dedication ceremony. Also attending were Chanaka De Silva and N.C. Venugopal, chairperson and managing director/CEO, respectively, of CEAT Kelani Holdings, along with a delegation of Sri Lankan government officials.
The new plant was built on land at CEAT Kelani’s manufacturing complex in Kelaniya, the ministry said.
CEAT Kelani offers both bias-ply and radial tires for cars, vans, light and medium trucks, two- and three-wheelers, and agriculture equipment, along with tubes and flaps. It also operates a plant in Kalutara.
Photos and a video of the plant and ribbon-cutting are at the ministry’s website.
How will the new Labor Department rule on overtime pay affect you?
|I've already had to demote some managers and assistant managers because of it||
|I was hoping to hire some new technicians soon. I can't now because of the new overtime rules||
|It won't affect me much||
|I think it's fair for assistant managers to get compensation for overtime||
|I'm voting a straight GOP ticket this November to see if we can get rid of this||
|Total votes: 81|