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ClaudePenn
Keeping You Informed about the Latest Industrial Tools, Technologies, and Techniques.
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ClaudePenn
Release Time:2024-05-31
Ceat to make a fresh investment of Rs 1200 crore in truck and bus plant
AgencyCeat delivered a strong earnings performance in FY2021 with revenue growth of 45% to 2,290 Net Profit of Rs. 153.3 crore and Net Profit of Rs. 15.3 crore. RPG Group’s flagship company Ceat Ltd on Wednesday announced an investment of 120 in order to expand radial capacity in trucks and buses despite short-term disruptions caused by the second wave of the epidemic. The new investments approved by the board are higher than the Rs 350 crore announced by the company a few years ago. Some of the investment will be in expanding the existing plant in Halol, Gujarat, and some will be in the Chennai brownfield plant-a base for automotive radial tires. Goenka, managing director of Ceat Tires Anant, told The Economic Times that the Halol truck radial plant on the outskirts of Baroda is expected to be operational within a year and 18 New capacity is needed within a month. As a result, the company received approval from the board of directors. “We have bigger ambitions...
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ClaudePenn
Release Time:2024-05-29
How Apollo Tyres made a comeback after a disastrous 2013
A year ago, investors questioned Apollo Tire’s $2.51 billion bid as a reckless takeover by Cooper Tire. The deal fell through. But Apollo Tire’s share price has nearly doubled in the past year. ET finds out what is happening to the Kanwar family. Ambition is hard to control. Using Apollo Tires Kanwars under Kanwars For example, even a 38% drop in its share price in 2013, year June to December monthly, could not kill its momentum as investors harshly criticized its decision to spend 25% to buy Cooper Tire for $ billion. /p The deal failed miserably and on December 30, 2013 was canceled. The next day, in a meeting attended by all executives, the company launched another engine of growth, including investment in a new global plant. It was decided to invest Rs 475 crore in a new plant in Hungary. This will be the company’s first newly developed plant outside India and will be able to produce up to 12 million tires for cars, trucks and heavy vehicles. Kanwar, Vice ...
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over inflation of tyres
ClaudePenn
WinstonLily
Release Time:
February 27, 2024, 6:19 PM
When tires are over-inflated. they contain an excess amount of air which can cause various issues. These include less grip on the road. less efficient use of fuel. more wear and tear. higher chances of tire damage. and a less comfortable ride. In extreme cases. too much air pressure can even cause tires to burst and result in dangerous accidents. To prevent these hazards. it is important to consistently keep your tire pressure at the recommended level set by your car’s maker.
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