MRF to set up tyre manufacturing unit in Tamil Nadu: Minister

Indian tyremaker MRF is reported to be preparing to build its anticipated new facility in the state of Tamil Nadu during the first half of 2008. This news was disclosed by a regional government official, Mr. A Rajah, who added that most of the 140-hectares of land required for the Rs9 billion (£112 million) facility in the district of Perambalur had already been acquired and construction work on a new Rs250 million (£3.1 million) ring road connecting with the plant would begin within six months. MRF has previously stated that much output from this new facility would be earmarked for export markets.