top of page

SRF Plans Tire Cord Expansions

According to Fibre2fashion, SRF Ltd plans to spend Rs. 5 billion for capacity expansions, including the establishment of India’s first plant to produce polyester tire cord. Other expansions include packaging film. SRF, which is a leading Indian producer of tire cord and chemicals, made two major acquisitions this year, including a tire cord company in Thailand and a belting fabric producer in South Africa. Through a combination of acquisitions and internal growth, SRF plans to nearly double its revenue by the end of its fiscal year March 31, 2012.

SRF is building a plant at its factory in Gummidipoondi in the southern Tamil Nadu state to produce 4,000 tonnes of polyester cords a year. Production is expected to start as early as February 2009.

0 views0 comments

Recent Posts

See All

Michelin upgrading Romanian tire, cord plants

Group Michelin is investing roughly $105 million in a pair of plants in Romania, to cover the start of production of new tire models at one and expand steel cord output at a second, according to local

Tiremakers continue to invest in the United States

Tire Business has an overview of the current slate of tire plant expansions underway or planned for the United States. This includes major projects by Bridgestone, Continental, Hankook, Michelin, Toyo

Comments


bottom of page