ERJ staff report (DS)
Tianjin, China – Tianjin Saixiang Technology has won an order worth $24.77 million to supply tyre manufacturing equipment to India’s Balkrishna Industries.
Two separate reports; on the CRIA website and on CapitalVue, which quoted a company filing, said the order represents 30 percent of TST’s 2010 revenues.
The reports said the contract covers the supply of equipment between February 2012 and Feb 2013. Industry sources told ER that the order covers tyre
building machines and…