BKT plans greenfield projects in USA and Waluj and new line in Bhuj

The Board of Directors of BKT, a market leader in the mining tyres segment, has firmed a capital expenditure (capex plan) of up to $100 million for setting up a greenfield tire plant with a capacity of 20,000 MT p.a in USA through a wholly-owned subsidiary (to be set up). The company shall also incur capex of up to over ₹1,000 crore for its local operations. The entire capex will be completed within a period of 30 months and is in addition to the current capex underway for the Carbon Black Plant.

The Board of Directors of BKT

Sales volume has been around 30,000 MT in the Americas and increased traction in sales volume is expected over the next few years. A local plant would accelerate the growth prospects. The USA project will be funded via investments from the parent company and local debt.

With regard to Waluj in Aurangabad, a greenfield project will be set up on a freehold land of 22 acres owned by the company, which is within a 5-km radius of the current location. The capex for setting up the new state-of-the-art facilities will be approximately ₹500 crore, including a co-generation plant and in-house warehousing facility for raw materials and finished goods. The new facilities will bring greater operational efficiencies, leading to a recurring saving in operation. The existing plant will continue to operate till the new plant becomes operational, and there would be no change in the capacity.

BKT to Unveil High-Tech products at IMME 2018

The Board of Directors of BKT
BKT will unveil a multitude of innovations in the International Mining & Machinery Exhibition (IMME) 2018 to be held in Kolkata from Oct 31 to Nov 3, 2018. The event will be visited by the mining fraternity and will showcase the latest range of mining machinery, equipment, high-tech solutions, services and supplies from India and abroad.

“The Indian mining sector plays a very important role in the country's infrastructure development and economy. With the industry’s focus on adapting internationally advanced technology, there is a huge potential in India’s mining equipment sector. IMME is the largest mining machinery and technology expo in Asia, where the entire mining fraternity will be present. The event will bring together OEMs and associated industries on one platform, along with potential customers. At the event, BKT will unveil its latest innovation at its stall D-09,” informs Rajiv A. Poddar, Joint Managing Director, BKT

For Bhuj, the Board of Directors has approved a capex of up to ₹500 crore towards setting up a new line of 5,000 MT p.a., considering the overall demand in the higher diameter segment for layers of All Steel Radial OTR tires and additional mixing line in Bhuj.

The entire capex of ₹1,700 crore would be funded via a mix of debt and internal accruals.

Going ahead, the company plans to unveil a multitude of innovations in the International Mining & Machinery Exhibition (IMME) 2018 to be held in Kolkata from October 31 to November. The event will witness the presence of the latest mining fraternity and will showcase the latest range of mining machinery, equipment, advanced technology solutions, services and supplies from India and from abroad.

“IMME is the largest mining machinery and technology expo in Asia where all mining fraternity will be present. The event which would bring our OEMs under one umbrella, would also witness the unveiling of our latest technology innovation,” Rajiv A. Poddar, Joint Managing Director, Balakrishna Industries Ltd said.

To experience the innovations, visit BKT stall in IMME 2018 at stall number D09

NBM&CW October 2018
JK Tyre, 11 new OTR Tyres for motor grader, tipper, reach stacker

JK Tyre, 11 new OTR Tyres for motor grader, tipper, reach stacker

JK Tyre, India's premier tyre manufacturer, launched eleven new Off-the-Road (OTR) tyres, comprising the all-new JK Tyre 18.00–25 40PR Port Champion Plus and ten new variants for diverse applications in the construction segment.

Read more ...

BKT’s advanced All-Steel Radial tires for rigid haul trucks

BKT’s advanced All-Steel Radial tires for rigid haul trucks

BKT a vertical of Balkrishna Industries Ltd, the Indian multinational company, and a global player in the Off-Highway tire market, unveiled some of its finest tires such as the advanced All-Steel Radial tires, namely the EARTHMAX SR468

Read more ...

Ascenso Tyres builds global team to increase OEM focus

Ascenso Tyres builds global team to increase OEM focus

Ascenso Tyres has appointed Olivier Hubrecht as President Global OEM, whose expertise will be invaluable for the company plans to further extend its OEM business. Hubrecht’s experience includes executive positions across the globe. He spent the last 5 years

Read more ...

BKT to showcase masterpiece tires at 10th edition of IME

BKT to showcase masterpiece tires at 10th edition of IME

BKT, a leading global player in the Off-Highway tire market, will present its latest technology to the mining sector at its Booth MO 21 at the International Mining Exhibition (IME), organized by MGMI and TAFCON from November 6th to 9th, 2023 at Eco

Read more ...

IFC to invest in JK Tyre’s production of energy-efficient tyres

IFC to invest in JK Tyre’s production of energy-efficient tyres

IFC’s $30 million (~INR 240 crores) investment in leading tyre manufacturer JK Tyre & Industries will part-finance the expansion of the company’s manufacturing capacity and integrate advanced, resource-efficient technologies in the production of

Read more ...

JK Tyre launches new tyres for wheel loaders and skid steer loaders

JK Tyre launches new tyres for wheel loaders and skid steer loaders

JK Tyre launches new tyres for wheel loaders and skid steer loaders JK Tyre has launched three OTR (off-the-road) tyres: the 26.5-25 Loader Champ 28PR E4/L4 TL, the 23X8.50-12 Jet Trax Ultima 6PR TL, and the 5.7-12 Jet Trax Super II 4PR TL. Says Anuj

Read more ...

JK Tyre - strengthens position in OTR Tyre segment; launches 3 new tyres

JK Tyre - strengthens position in OTR Tyre segment; launches 3 new tyres

Leading tyre manufacturer JK Tyre has been at the forefront of driving innovation across segments in the Indian tyre industry. Taking this commitment forward, it launched three new Off-the-Road tyres (OTR) at bauma Conexpo 2023. The new offerings

Read more ...

BKT - launches EARTHMAX Crusher Haul & EARTHMAX SR 34 for  Indian construction and mining sector

BKT - launches EARTHMAX Crusher Haul & EARTHMAX SR 34 for Indian construction and mining sector

Balkrishna Industries Ltd, (BKT) the Indian multinational company and global player in the Off-Highway tire market has launched two ‘Made for India’ tires under the sub-brand EARTHMAX, namely the EARTHMAX Crusher Haul and EARTHMAX SR

Read more ...

ICRA: Easing rubber prices and crude oil prices to support tyre companies’ margin recovery in H2 FY2023

ICRA: Easing rubber prices and crude oil prices to support tyre companies’ margin recovery in H2 FY2023

ICRA has maintained its domestic tyre demand growth estimate at 6-8% for FY2023, driven primarily by strong growth in the original equipment manufacturers (OEM) segment and muted growth in replacement volumes. OE demand shall witness a

Read more ...

JK Tyre & Industries Pioneers of Radial Technology

JK Tyre & Industries Pioneers of Radial Technology

JK Tyre & Industries is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers of the world. For the past four decades, the company has been at the forefront of driving innovation and excellence in the tyre industry

Read more ...

Off-highway tire behemoth BKT to present latest technology to mining sector at IMME 2022

Off-highway tire behemoth BKT to present latest technology to mining sector at IMME 2022

Balkrishna Industries Ltd (BKT), the Indian multinational group and a leading global player in the Off-Highway tire market, will participate in the 16th edition of International Mining and Machinery Exhibition (IMME) event organized by the Confederation

Read more ...

BKT showcased its Finest Tires & Introduces Rubber Tracks

BKT showcased its Finest Tires & Introduces Rubber Tracks

BKT, the Off-highway tire major, showcased some of its finest tires for the mining sector and construction earthmoving equipment at Excon, namely E4 EARTHMAX SR468 TL and L5 EARTHMAX SR53 TL. Along with the newly introduced rubber tracks for the compact

Read more ...

JK Tyre launches 4 new OTR tyres at Excon

JK Tyre launches 4 new OTR tyres at Excon

Indian Tyre major JK Tyre & Industries launched 4 new offerings in their Off-Road Tyre Segment namely the 45/65-45 58PR VEM 63 L5 TL, 14.00-24 GTL CHAMP 16 PR G3 TT, 12.00-24 HARD ROCK CHAMPION 20PR E4 TT, and 16.00-25 VEM 045 44PR E3 TT, at Excon

Read more ...

Indian Multinational BKT Tires Enters Mining Sector

Indian Multinational BKT Tires Enters Mining Sector

BKT is a leader in off-highway tire manufacturing not only in India but in many parts of the world too, which has earned it the nomenclature ‘Indian Multinational’ – making India proud for its Make in India initiatives

Read more ...

Tyre Experts offers solutions with Trelleborg Brawler solid tyres

Tyre Experts offers solutions with Trelleborg Brawler solid tyres

Tyre Experts has partnered with Trelleborg Wheel systems to promote and sell the Brawler range of solid tyres for the construction sector across India. Brawler Loader tyres are built to work on tough construction sites

Read more ...

BKT’s New 57” Giant Tire: EARTHMAX SR 468

BKT’s New 57” Giant Tire: EARTHMAX SR 468

EARTHMAX SR 468 - the biggest ever tire made by BKT, has been designed to fit out rigid dump trucks. So far the prototype has been made in the 40.00 R 57 size and is ready to be tested in the coming months by BKT engineers

Read more ...

JK TYRE LAUNCHES NEWEST 23.1-26 SIZE V-COMPACT TYRE

JK TYRE LAUNCHES NEWEST 23.1-26 SIZE V-COMPACT TYRE

Indian tyre Industry major and market leader in Truck Bus Radial segment, JK Tyre & Industries, launched the new 23.1-26 V- Compact R3 tyre designed especially for soil compactor application. It comes with non-directional tread

Read more ...

On A Roll Application Specific & Purpose Built Tyres

On A Roll Application Specific & Purpose Built Tyres

Manufacturers are constantly improving their tyres with research and development of better raw materials, new tread designs, along with advanced production systems, and stringent testing of the finished products, so that their tyres

Read more ...

BKT enters three-year agreement with Laliga

BKT enters three-year agreement with Laliga

Indian off highway tire manufacturing major Balkrishna Industries Limited (BKT) has entered a three-year agreement with Spanish Football league Laliga, under which, BKT will become the global official partner for Laliga. This will afford

Read more ...

Choose an Application-Specific Construction Tire

Choose an Application-Specific Construction Tire

The old saying ‘time is money’ rings particularly true when thinking of today’s construction industry. With an abundance of work and a shortage of labor, construction business owners need to make the most of every moment to maximize profits

Read more ...

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message
Click Here to Subscribe to Our eNewsletter.