top of page

BKT plans $100 million investment for U.S. tire plant

Off-highway tire manufacturer Balkrishna Industries Ltd. (BKT) is budgeting $100 million for the new tire plant it is planning to build in the U.S., the company disclosed this week.

The new factory will be BKT’s first factory outside of India and fifth tire plant overall. BKT is India’s fifth largest tire maker and thirty-ninth worldwide, based on fiscal 2017-18 sales of $692 million.

The company said it expects the new plant to open in the first half of 2021 with a capacity of 20,000 metric tons per year. That’s smaller than any of the company’s four plants in India. By comparison, the company’s newest factory, in Bhuj, Gujarat, is rated at 130,000 tons per year.

In a November investors presentation, BKT said the new plant would allow it to accelerate its business with North American equipment makers by being able to offer faster deliveries as well as enable it to export to neighboring countries “in a more competitive manner.”

BKT is represented in North America by BKT USA Inc. in Fairlawn, Ohio.

Read the full report here.

1 view0 comments

Recent Posts

See All

Bridgestone will divest Russian operations

On October 31, Bridgestone Corporation announced it will sell all of its assets in Russia due to the war in Ukraine. The process could take several months. Bridgestone is seeking a buyer for its 80.6

Nokian chooses Romania for new tire plant

Nokian Tyres has announced the location for its new tire plant — Oradea, Romania. The investment will total Euro 650 million and construction is scheduled to begin in early 2023. The factory is expect

Tire Tech Exposition coming this week to Hannover

Notch will be presenting a paper on current conditions in the global carbon black industry at the Tire Tech Expo happening this week at the Hannover Messe, Germany. This giant conference/trade show is

Comments


bottom of page