BKT in­creases US mar­ket thrust

Commercial Vehicle - - NEWS -

Balkr­ishna In­dus­tries Lim­ited (BKT) has an­nounced that it will in­vest USD 100 mil­lion to con­struct a new pro­duc­tion site in US to serve not only the US mar­kets but the en­tire Amer­i­can re­gion. The new pro­duc­tion site will be the Group’s first man­u­fac­tur­ing site out­side of In­dia, and is based on a pos­i­tive out­look. A green­field project, the new pro­duc­tion site in US will have a yearly pro­duc­tion ca­pac­ity of about 20,000 MT. It will en­com­pass the en­tire offhigh­way tyre seg­ments, and tar­get re­place­ment as well as OEM mar­kets in the US. The re­main­ing tyre de­mand, con­sid­er­ing BKT’s par­tic­i­pa­tion in the var­i­ous offhigh­way tyre mar­kets around the world, will be ad­dressed out of In­dia. Ap­proved by the board of di­rec­tors, the project to build the plant, is at an ini­tial stage as of now. BKT is claimed to be scout­ing for an ap­pro­pri­ate ter­rain. The choice of ap­pro­pri­ate ter­rain is ex­pected to be firmed up by the end of this year. With the ac­qui­si­tion of land ex­pected to hap­pen by the end of the first quar­ter of 2019, the project is sched­uled to be up and run­ning by March 31, 2021.

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