Although impacted by the rising cost of raw materials and logistics, off-highway tyre specialist BKT delivered a healthy profit in the financial year ending 31 March 2022. Profit after tax rose 22 per cent year-on-year to Rs 14.11 billion (£148.58 million) on the back of income that rose 47 per cent to Rs 84.19 billion (£886.52 million) and sales volumes that increased 27 per cent to 288,795 tonnes. EBITDA was, at Rs 21.82 billion (£229.76 million), up 21 per cent, with the margin contracting 5.6 percentage points to 25.9 per cent.
Off-highway tyre specialist BKT is reaching out to a younger demographic by opening its own TikTok channel. It launched email@example.com in March and with it aims to gain the attention of Gen Z and Gen Alpha – the age groups representing “the future of agriculture and of our planet.”
Radial or cross-ply? The choice is easy for car drivers but more complicated when choosing the right tyre for agricultural equipment. BKT has published guidance to help end users decide upon the right fitment for their machinery.
BKT develops specific tyres for the colder months of the year, solutions designed not only to deal with muddy or snowy surfaces but also to provide maximum performance in normal conditions on dry soil. It gives these products a tread pattern and compound that maintain the tyre’s characteristics even at low temperatures and provide traction and grip on wet, snowy or slippery terrain.
Off-highway tyre specialist BKT has set up a new facility near its existing Waluj plant in India’s Maharashtra state. The original intention was to decommission the older factory once the new one was operational, but BKT reports that due to “extremely robust” demand, it has decided to continue operations at the old Waluj plant.
Rugby World Cup France 2023 has an official off-highway tyre supplier, and that supplier is BKT. Commenting on the company’s involvement in what may well be the world’s third-largest sporting event, Lucia Salmaso, chief executive officer of BKT Europe, says her team is “proud and honoured to be able to support Rugby World Cup France 2023 in this wonderful adventure.”
Armchair farmers rejoice: Farming Simulator 22 debuts on 22 November. We’ve already reported that Continental tyres will debut on this latest version, and BKT now shares that its tyres will also be available on the virtual tractors and agricultural machinery. The following BKT products are joining the simulation: Agrimax V-Flecto, Agrimax Force, Agrimax Teris, Multimax MP 522 and Ridemax FL 693 M.
BKT has introduced a new 875/65 R29 L-5 size in its Earthmax SR 51 range. The manufacturer says the extra-deep tread offers excellent cut and puncture protection and longer wear life. The new 65 series OTR tyre line has been designed for wheel loaders working in aggressive applications, such as highly abrasive rock quarries and landfills.
Agricultural tyre specialist BKT has supported the 2021 edition of the Tractor of the Year Awards, presented at the EIMA trade fair in Bologna. It is the second time the manufacturer has sponsored the awards, which recognise the most innovative and cutting-edge tractors on the market.
Off-highway tyre specialist BKT has extended the availability of its range in Canada through a new supply alliance with Fountain Tire. Effective immediately, Fountain Tire will have full access to BKT’s OTR product line-up for sale through its more than 160 locations across the country.
Balkrishna Industries Ltd., manufacturer of the BKT tyre brand, reports that it recently commenced trial production at the greenfield project on the ‘F-20’ plot, a nine-hectare site near its current Waluj, Maharashtra plant. The facility has an installed capacity of 30,000 tonnes as well as warehousing for raw materials and finished goods. The tyre maker adds that the planned “small cogeneration plant” hasn’t been installed at this point in time.
We’ve emerged from lockdown into a market environment of rising raw material prices, a global imbalance of containers and exploding shipping costs, not to mention continuing port disruptions. These combined factors have already led to higher tyre prices and product shortages in some instances, but the extent to which customers are affected can be tempered by good stock management.
BKT has debuted a new on-/off-road tyre for trucks and mixed-use vehicles employed in agricultural applications, the Multimax MP 569. The tyre maker created the BKT Multimax MP 569 as a front axle fitment in size 445/65 R 22.5, to be employed in combination with the FL 633 Performa on the rear axle in size 600/50 R 22.5.