ceat

CEAT Acquires CAMSO Compact Construction Equipment Business From Michelin

CEAT Limited has acquired Michelin Group’s CAMSO Construction Compact Line Business, including the Midigama plant and Casting Product plant in Sri Lanka. The transaction gives CEAT ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year licensing period. As part of the acquisition, CEAT announced an investment of USD 171 […]

CEAT to Expand Tamil Nadu Tyre Facility with INR 4.5 Billion Investment

CEAT Limited will invest approximately INR 4.5 billion to expand production capacity at its manufacturing facility in Kannanthangal, Sriperumbudur Taluk, Tamil Nadu, near Chennai. The expansion aims to increase the company’s Passenger Car Utility Vehicle (PCUV) tyre output by around 35 percent over current levels. The Chennai plant currently produces about 7 million tyres annually […]