fbpx
SA Treads
Advertisement
  • Home
  • Advertise
  • About SA Treads
  • From the Editor
  • International
  • Southern Africa
  • SATreads Digital Issue
  • Contact Us
No Result
View All Result
  • Home
  • Advertise
  • About SA Treads
  • From the Editor
  • International
  • Southern Africa
  • SATreads Digital Issue
  • Contact Us
No Result
View All Result
SA Treads
No Result
View All Result
Home International

BKT Tires puts plans for US plant on hold

Liana Shaw by Liana Shaw
August 21, 2019
in International
0
0
SHARES
58
VIEWS
Share on FacebookShare on Twitter

BKT Tires has decided to put its plans for a U.S. plant on hold. 

In its first quarter earnings report, the India-based tiremaker cited “difficult macroeconomics” and “volatile climate conditions” which led to the business’ uncertainty about the project and led its Board of Directors to put the project on hold

Arvind Poddar, chairman and managing director of Balkrishna Industries, Ltd. (BKT), announced the company’s plans for a U.S. manufacturing facility via video during his acceptance speech for his induction into the Tire Industry Hall of Fame last year.

In its first quarter report, the company also projected a 3% to 5% growth in sales volume for fiscal year 2020 and outlined plans for its next phases of growth. Those include:

  • BKT started trial production at its carbon plant plant in Bhuj, India with an initial production capacity of 60,000 metic tonnes. Phase 2 of the project is slated to be commissioned in fiscal year 2021 with the plant projected to increase capacity to 80,000 metric tonnes. 
  • The company also has plans for a $5 billion upgrade to its plant in Aurangabad, India, to a new fully intregrated state-of-the art facility.
  • BKT will also increase capacity  to 5,000 metric tonnes at its Buhj, India plant and add a warehouse and mixing plant on the property.

www.tirereview.com

Tags: BKT tyres
Previous Post

Sumitomo Rubber takes safety to the road

Next Post

AutoTrader invests in Festival Of Motoring and NAAMSA Conference

Liana Shaw

Liana Shaw

Next Post

AutoTrader invests in Festival Of Motoring and NAAMSA Conference

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

14 of the best car tyres for 2019

May 6, 2019
Diversity, inclusion and new face of business – An exclusive with Jacques Fourie

Diversity, inclusion and new face of business – An exclusive with Jacques Fourie

September 14, 2020
New energy, renewed vision at Goodyear South Africa as the Company appoints new Managing Director to spearhead local operations

New energy, renewed vision at Goodyear South Africa as the Company appoints new Managing Director to spearhead local operations

December 2, 2020
SA Treads Digital Dec./Jan. 2021  – Release

SA Treads Digital Dec./Jan. 2021 – Release

December 15, 2020
Diversity, inclusion and new face of business – An exclusive with Jacques Fourie

Diversity, inclusion and new face of business – An exclusive with Jacques Fourie

4
MIND THE POTHOLE! – By Liana Shaw

MIND THE POTHOLE! – By Liana Shaw

4

Coronavirus hits tyre makers hard

2
Revolution Tyres Expands Product Portfolio

Revolution Tyres Expands Product Portfolio

2
Point S Celebrates 50 Years

Point S Celebrates 50 Years

April 16, 2021
Apollo Tyres to #GoTheDistance in North American truck-bus tyre market

Apollo Tyres to #GoTheDistance in North American truck-bus tyre market

April 15, 2021
Michelin presents its “All Sustainable” strategy for 2030: Michelin In Motion

Michelin presents its “All Sustainable” strategy for 2030: Michelin In Motion

April 14, 2021

Continental Tyre SA receives prestigious Energy Efficiency Award

April 13, 2021

Recent News

Point S Celebrates 50 Years

Point S Celebrates 50 Years

April 16, 2021
Apollo Tyres to #GoTheDistance in North American truck-bus tyre market

Apollo Tyres to #GoTheDistance in North American truck-bus tyre market

April 15, 2021
Michelin presents its “All Sustainable” strategy for 2030: Michelin In Motion

Michelin presents its “All Sustainable” strategy for 2030: Michelin In Motion

April 14, 2021

Continental Tyre SA receives prestigious Energy Efficiency Award

April 13, 2021

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Recent News

Point S Celebrates 50 Years

Point S Celebrates 50 Years

April 16, 2021
Apollo Tyres to #GoTheDistance in North American truck-bus tyre market

Apollo Tyres to #GoTheDistance in North American truck-bus tyre market

April 15, 2021

Download Latest SATreads Digital Magazine

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 - SA Treads news & tyre portal

No Result
View All Result

© 2020 - SA Treads news & tyre portal