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Possible Site for New Ceat Plant Named

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According to an unnamed government official, India’s Ceat Ltd is considering the northeastern state of Gujarat as the location for its new LCV and truck radial facility. The Thaindian news reports the source as saying the company will invest RS 5 billion (£57.76 million) in building the facility, however Ceat has not confirmed any such detail.

Such a facility would be in line with information provided within Ceat’s 2007-08 annual report, which states the company will invest Rs 10 billion on new two factories, one research and development facility, and on re-branding over the next two to three years.

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