BKT plans $100m tire production unit in US

Milan, Italy – Balkrishna Industries Limited (BKT), India-headquartered manufacturer of off-highway tires, has announced plans for the construction of a $100-milion (€87.5 million) production unit in the US.

The plant, said BKT in an 8 Nov statement, will mark the company’s first manufacturing site overseas, in addition to five production units inside India.

BKT said it was currently scouting for location and would determine a site by the year-end. Land acquisition is expected to take place by the end of the first quarter 2019 and the 20,000-tonne…

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