Indian tire company, Balkrishna Industries, announces carbon black plant

An Indian tire company, Balkrishna Industries Ltd. (Mumbai, India), has announced a new project to build a 60,000 ton/year carbon black plant at its plant in Bhuj, Gujarat, India. No completion date was announced. The budget for the project is Rs 150 crore (US$23 million). Balkrishna produces tires mainly for specialty markets, focusing on off-the-road, earthmover, agricultural, industrial, ATV, and lawn/garden equipment tires. Annual sales total US$850M, according to the company.