MRF's Gujarat plant to feed exports

MRF signed an agreement with Gujarat govt to invest Rs 4,500 cr over next 10 years

Tyre major MRF said its new Gujarat plant would cater to both the domestic and export markets.
 
The company expects the facility will be constructed in 12 months. MRF recently signed an agreement with the Gujarat government to invest Rs 4,500 crore over the next 10 years.
 
KM Mammen, chairman and managing director of MRF said,  “MRF is soon going to acquire land in Bharuch and start construction. ” While MRF did not disclose the capacity of the plant, sources said it would produce 1 million tyres per month. The project will be funded by internal accruals and