The new production site will be BKT's first manufacturing site outside of India

Balkrishna Industries Limited (BKT) has announced a US$ 100-milion construction project for a new production site to serve the US market as well as the entire American region. The new production site will be the multinational group's first manufacturing site outside of India.

Europe is presently BKT's largest sales market accounting for more than half of the company's overall turnover. Yet, the Americas are becoming an increasingly interesting and expanding market. The more than positive outlook led to the decision of establishing a new wholly-owned subsidiary company in the USA to set up a greenfield project for the construction of a new tire manufacturing plant in the USA designed for a yearly production capacity of about 20,000 MT in the entire Off-Highway tire segment. Target markets are both the replacement market and OEMs in the USA. The remaining tire demand will still be catered for directly from India.

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