It's been a difficult few weeks in India, where COVID-19 cases have spiked. Industrial units have continued to operate, including specialty tire maker CEAT Ltd.
Amit Tolani, the new chief executive of CEAT Specialty, said the company is on track to complete the first phase of capacity expansion of its ag radial plant in Ambernath, India. That, coupled with more upcoming capital improvements, will decrease lead times, Mr. Tolani said.
How would you describe business thus far in 2021?
We have continued the momentum witnessed in 2020, into 2021. Our products have received good reviews. This, coupled with enhanced agriculture activity in the major geographies of North America, Europe, Australia/New Zealand and South America, has resulted in good demand.
Though the second wave has led to a lockdown, the government of Maharashtra (the state where all the plants of CEAT Specialty are located) has given special exemption to industrial units, like us, to continue operations. This has given us an opportunity to service our customers' orders in a timely manner.
Further, we are expanding our capacity, to cater to the increased demand from our customers.
What would you like customers to know about how your company has tackled the pandemic?
First and foremost, we have been enacting strict safety measures in our plants, and our employees have done an excellent job of following protocols.
Therefore, we have had no plant shutdowns and continue to do everything possible to keep tires rolling out of our plants. In addition, our supply chain team worked tirelessly to ensure that the tires reach our customers in the shortest possible time.