MRF plans to invest between Rs.500
crore and Rs.600 crore and even Rs.1,000 crore and more in expanding the
capacities at the existing production facilities by 2009. The company is also
looking at two greenfield projects of which one could be in Tamil Nadu and the
other possibly in the North.
MRF had earlier stated that the radial
tyres capacity at Puducherry will be tripled to 3 lakh a year, 2-wheeler tyres
capacity at the Arakonam plant increased to 6 lakh and also the Medak plant's
commercial vehicle tyres to 1 lakh a year.
Also See:
MRF plans
Rs.500 crore capacity expansion (21-Dec-06)