CEAT OHT Lanka Reaffirms Commitment to Job Security for Employees Amidst Acquisition

Friday, 30 May 2025 19:53 - - {{hitsCtrl.values.hits}}

CEAT OHT Lanka (Pvt) Limited, a wholly owned subsidiary of CEAT Limited, India reassures employees that their jobs are secure, following the recent acquisition. The company recognizes the importance of ensuring a smooth and transparent transition prioritizing the wellbeing and job security of all employees. In December 2024, CEAT Ltd, the holding company, based in Mumbai, India, announced that they have entered into a definitive agreement to acquire CAMSO brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin Lanka (PVT) Limited. This includes the Midigama plant, the Casting Product Division in Kotugoda and some parts of other divisions providing central services. As part of the process, a tripartite Memorandum of Understanding involving CEAT OHT Lanka (Pvt) Limited, Michelin Lanka (Pvt) Limited and the Inter Company Employees Union has been signed on 22nd of May 2025. This agreement ensures 100% job security, continuity of past service, seniority, remuneration and benefits for employees. With a presence in more than 120 countries, CEAT is driven by its strong commitment to employee care and overall workplace happiness. The company remains firmly dedicated to the commitments made under the agreements and will dedicate and mobilize all its available resources to grow the business. About CEAT (www.ceat.com) CEAT, an RPG Company, is one of India’s leading tyre companies making passenger car, two-wheeler, truck and bus, light commercial and Off-Highway tyres. It caters to leading OEMs as well as domestic and international markets, exporting to more than 120 countries. CEAT is the first tyre brand globally and one amongst only 33 companies in the world ever to be awarded the Deming Grand Prize for its contribution to Total Quality Management. CEAT is also the first tyre brand globally to be accorded ‘Lighthouse Designation’ for adoption of Industry 4.0 technologies by the World Economic Forum.

CEAT OHT LANKA (PRIVATE) LIMITED C/o. Corporate Advisory Services (Private) Limited, No. 47, Alexandra Place, Colombo 07. Postal code: 00700

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.