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CEAT Sri Lanka has announced it will invest Rs 800 million over the next 12 months to substantially expand its radial tyre manufacturing capacity in the country to supply growing local and export demand. The company, which currently has a 30% share of the radial tyre market and supplies nearly half of Sri Lanka’s overall requirement of pneumatic tyres, said the investment would increase radial tyre production by 75 per cent, from 40,000 tyres a month to 70,000. Pictured is a section of CEAT’s hi-tech radial tyre manufacturing plant at Kelaniya