Usha Martin, Gustav Wolf to Make Tyre Bead
Usha Martin India and Gustav Wolf of Germany, who have jointly set up a 2,400 tonnes per annum (tpa) capacity steel cord manufacturing facility at Ranchi, India have decided to diversify into the manufacture of tyre bead wire. A 30,000 tpa capacity tyre bead manufacturing facility will be set up at Ranchi in two phases at an estimated investment of 400 million rupees (£4.667 million). The proposed 30,000 tpa tyre bead manufacturing facility will be set up with Gustav Wolf’s product know-how and process technology, according to Dr P. Bhattacharya, joint managing director of Usha Martin Ltd.
Dr Bhattacharya told local newspapers the first phase of the tyre bead project with 15,000 tpa capacity would be commissioned in the next 18-24 months. The second phase of the project, wherein another 15,000 tpa capacity would be added, would be ready 24 months after. The product manufactured would largely be destined for tyre production on the Indian domestic market, competing with Chinese steel cord producers.