Zigwheels Home

Ceat enters into JV in Bangladesh

by ET Posted on 29 Jan 20131,965 Views Comments

Ceat inks JV with A K Khan and Company for greenfield tyre plant in Bangladesh


Tyre contact patch



Ceat, the tyre manufacturer controlled by the RPG group has entered into 70:30 joint venture with Bangladesh's leading business house A K Khan & Company to set up a tyre manufacturing facility in Bangladesh. 


To go on stream at the end of 2014, the new facility at an investment of Rs 360 crore by the joint venture to produce tyres for truck, light commercial vehicles and two and three wheeler tyres. The plant will have a capacity of 110 metric tonnes per day. As per the joint venture agreement, CEAT Ltd. will provide technical and business expertise & manage the JV company operations while A K Khan & Company Ltd. will bring in their vast knowledge of Bangladesh market besides providing the strength of their goodwill and local presence. 


Anant Goenka, MD, Ceat said, “This strategic partnership will enable us to establish a leadership presence in the Bangladesh market.""


This will be one of the largest manufacturing investment in Bangladesh by an Indian company and it is the first large scale tyre manufacturing plant in Bangladesh. 


Salahuddin Kasem Khan, Managing Director, A K Khan & Co, said, "Besides catering to the growing local market, the plant will earn valuable foreign exchange for the country by exporting approximately 20% of its output to the region and rest of the world" 


Ceat is the flagship company of RPG Enterprises and is one of India's leading tyre manufacturers and has a strong presence in both domestic & international markets. The company manufactures over 10 million tyres every year and enjoys a major market share in the light truck & truck tyre market.


A. K. Khan & Co Ltd is one of the oldest business conglomerates in Bangladesh, operating since 1945. The Group engages in business through joint venture in the area of textile, telecom, logistics, hospitality sector amongst others.


Click - Four Wheeler Tyre Guide to know all about tyres


Post Your Comment

Do you like this story?

Yokohama introduces Geolandar Mud-Terrain tyres in India

by Team ZigWheels

Part of the Geolandar series, the new tyres range...

CEAT launches the 'Transporters Book of Excellence'

by Rahul Basu

With a vision of improving the overall service...

JK Tyre: Green Innovation!

Getting rid of old tyres is a job that is deemed...


Honda Mobilio: Special Coverage

Honda makes its entry into the MPV segment with the Mobilio. This 7-seater will be offered with two...

2014 Toyota Corolla Altis: Special Coverage

The 2014 Toyota Corolla Altis, in its 11th generation, has been launched in India starting at Rs...


Read Next Story