Recently, the Indian tire manufacturer BKT Group announced the next expansion of the big move, which will invest a total of 307 million US dollars (21.36 billion yuan) in three batches, new or expanded production plants in the United States and India.
"China Rubber" learned that it will invest 504 million yuan to rebuild a 30-year-old tire factory in Maharashtra, India, where 22 acres of land will be used to build new production facilities, thermal power plants and tires. Warehouse, etc.
BKT said that the main products of the plant are agricultural tires, industrial tires and OTR products, with an annual production capacity of about 30,000 tons. The expansion of the production base is to lift the scale of the plant and increase its production capacity.
The company's second investment will be used to expand the plant in Gujarat, and will also invest about 504 million yuan to purchase production equipment and supporting facilities, with an annual planned new tire capacity of 5,000 tons.
The third investment is 429 million yuan. BKT will build a carbon black plant with a total designed capacity of 140,000 tons in Buji, northwestern India. The plant will supply products for the company's Indian plant and the new US plant.
According to BKT, the plant will work hard in March 2019, with an estimated production of 60,000 tons that year, and plans to fully release 140,000 tons of capacity by March 2021.
In addition, the person in charge of the company said in an interview that BKT will spend $100 million to build its first overseas factory in the United States. The project site selection will be completed in the first quarter of next year and is expected to be officially in 2021. Opened, the company designed an annual production capacity of 20,000 tons of tires.
The main product of BKT Group is OTR tires, which can be divided into 6% of the global market. In 2017, the annual operating income was 692 million US dollars (about 4.8 billion yuan), and most of its revenue comes from exports and overseas. market.