18 Dec 2012
ERJ staff report (BC)
Bhubaneswar, India - Birla Tyres, a unit of the BK Birla Group company Kesoram Industries, halted operations at its plant in Odisha temporarily for about a fortnight on account of poor market conditions, a company official told the Indo Asian News Service (IANS).
The factory at Balasore will remain closed until 31 December because of the slump in the world tire market, the official told IANS by telephone on condition of anonymity.
The informant said the company has stocks of nearly one lakh (100,000) four-wheeler tires, which it was unable to sell.
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