Recently, Indian tire manufacturer BKT Group announced plans to build a new plant in the United States, and the project site selection will be completed by the end of this year.
The person in charge of the company said that the construction period of the new factory is about two years, and the official opening time is expected to be approved by the board of directors of the group by the end of 2020.
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.
Some industry analysts said that the company did not disclose the details and purpose of investing in the United States, but according to its public information, BKT's main focus is on North America and Europe, focusing on the original tire market in these regions. Annual sales in North America are close to $100 million. This is to build a plant in the US or to further consolidate and expand its market share in the US in order to get closer to local OEMs.