MRF may set up plant in state of Gujarat in India, ASEAN – report

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Company expects 10% decline in revenue in light of price cuts offered to customers

MRF is exploring possibilities of setting up a new manufacturing plant in India, preferably outside southern part of the country where all of its eight plants are located, Business Standard reported Koshy K Varghese, executive vice-president of Marketing at the tire-maker, as saying.

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