MRF enters aviation tyre biz...
MRF, a leading tyre manufacturer, today announced its entry into the manufacturing of aviation tyres. The production unit of aviation tyres would be established at the company's Medak facility located in Andhra Pradesh.
Branded as 'Aero Muscle', it had been tested rigorously under international standards and norms set by authorised government agencies, executive vice president of the company Mr Koshy K Varghese told reporters here.
MRF chairman Mr KM Mammen said that this was a major achievement by the company as it required advanced technology apart from huge investment for development, testing and production of tyres. Answering a query, he said that the initial investment by the company for the new venture was about Rs 150 crore.
He said that MRF was encouraged by the approval given by CEMILAC (Centre for Military Airworthiness Certification) and RCMA (Regional Centre for Military Airworthiness) for supply of tyres to Chetak helicopters, manufactured by Hindustan Aeronautics Limited.
He said that the tyre was an outcome of MRF's in-house development through the MRF R&D facility based in Chennai. The critical raw material were sourced from overseas suppliers, the company said.
Besides HAL, the other prospective customers for the aviation tyres were the Indian Defence Services, he said. The product would also be marketed to the private sector in the Indian and international markets.
The test tyres were subjected to ground tests initially to meet with the various mandatory safety and performance parameters established by the government agencies and the certifying authorities, he said and added that the tyres were cleared for flight trials after successful completion of ground trials.
Ruling out an immediate increase in prices of tyres manufactured by MRF, due to the increasing prices of rubber and crude oil, he said that the company would rather do it slowly, when the markets could take it. He said that the company was not looking for investments outside the country, as it felt that India was the best market.
Branded as 'Aero Muscle', it had been tested rigorously under international standards and norms set by authorised government agencies, executive vice president of the company Mr Koshy K Varghese told reporters here.
MRF chairman Mr KM Mammen said that this was a major achievement by the company as it required advanced technology apart from huge investment for development, testing and production of tyres. Answering a query, he said that the initial investment by the company for the new venture was about Rs 150 crore.
He said that MRF was encouraged by the approval given by CEMILAC (Centre for Military Airworthiness Certification) and RCMA (Regional Centre for Military Airworthiness) for supply of tyres to Chetak helicopters, manufactured by Hindustan Aeronautics Limited.
He said that the tyre was an outcome of MRF's in-house development through the MRF R&D facility based in Chennai. The critical raw material were sourced from overseas suppliers, the company said.
Besides HAL, the other prospective customers for the aviation tyres were the Indian Defence Services, he said. The product would also be marketed to the private sector in the Indian and international markets.
The test tyres were subjected to ground tests initially to meet with the various mandatory safety and performance parameters established by the government agencies and the certifying authorities, he said and added that the tyres were cleared for flight trials after successful completion of ground trials.
Ruling out an immediate increase in prices of tyres manufactured by MRF, due to the increasing prices of rubber and crude oil, he said that the company would rather do it slowly, when the markets could take it. He said that the company was not looking for investments outside the country, as it felt that India was the best market.
Labels: Business
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3:53 PM
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