JK Tyres to Supply BEML by March 2010

28th April 2009 | 0 Comments
 

JK Tyres continues moving closer towards establishing an OTR tyre facility through which it will supply earthmoving equipment manufacturer Bharat Earth Movers Ltd (BEML). It is more than two years since the tyremaker was first named as a potential supplier for BEML, yet in late April JK Tyres reaffirmed its intention remains to establish a factory in the south-western city of Mysore for this purpose.

According to reports published by Indian news sources, the company will invest a total of Rs 2.7 billion (£36.8 million) in the project, 1.2 billion (£16.3 million) in an initial phase scheduled to be completed in March 2010. This stage one operation will provide a capacity of 4,000 OTR tyres a year; output will primarily benefit BEML, who has contributed Rs 1 billion in loans towards the project.

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