ERJ staff report (DS)
Singapore - Indian OTR manufacturer
Balkrishna Tyres (BKT) has confirmed plans for a fourth tyre plant in
India. The US$300 million greenfield site investment in Gujarat is
scheduled to come on stream in 2012 and will eventually boost the company's total
production capacity by 80 percent.
â€œThe new plant will provide us with much-needed additional capacity to
service our rapid growth in export markets and also allow us to direct
more of our production into India, which accounts for just 8-10 per
cent of current output,â€ says BKT executive director Anurag Poddar, speaking from TyrExpo Asia currently in progress in Singapore.
The company has also used Tyrexpo Asia to introduce a new corporate
identity with the theme of 'Growing Together,' chosen to reflect the
mutual growth of both BKT and its customers.
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