ERJ staff report (BC)
New Delhi – Tire major JK Tyre and Industries is planning to invest 8 billion rupees (€105m) to increase the capacity of its Chennai plant and expand its reach, reports Samiran Saha of New Indian Express.
Chairman Raghupati Singhania is reported as saying: “The company plans to invest … to double the capacity of the Chennai facility to around 5 million tires per annum over two years. We are emphasising markets and facilities in the American and European region.”
The Chennai plant, the newest…