JK Tyre & Industries Ltd inaugurated the country’s first state-of-the-art Truck and Bus Radial Tyre Plant in Mysore today. The expansion of radial capacity in Mysore from 4 lac to 8 lac marks the commitment of JK Tyre to play due role in India’s march towards industrial progress.
On the occasion, Shri H.S Singhania, Chairman, JK Organization, said, “The Company started manufacturing tyres in 1977, with a capacity of 5 lac tyres per annum and has grown multifold over the years to its present capacity of 158 lac tyres per annum, along with Tornel, a leading tyre manufacturer in Mexico. JK Tyre now has four state-of-the art plants strategically located in India; in the States of Rajasthan, Madhya Pradesh and Karnataka and three around Mexico City. In Mysore itself, JK Tyre has spent more than Rs. 900 crores since 1997 towards increasing capacity and modernization including recently completed expansion of Truck Bus Radial Plant. In addition, a major expansion of OTR capacity in Mysore involving an outlay of Rs.120 crores is under implementation and shall be completed in early 2010.”
Dr. R.P. Singhania, Vice Chairman & Managing Director, JK Tyre & Industries Ltd, said, “Today, we have 7 modern Tyre production facilities across the world, with a turnover of around Rs.4, 800 crores. Furthermore, we source tyres internationally for our global markets, where, we have been able to establish, a foothold in 80 countries, across six continents. Radial technology is high end tyre technology and is the future in the developing countries like ours.”
JK Tyre manufacturers the entire range of tyres for all categories of four wheelers including “Off the Road” (OTR) tyres and has three leading tyre brands – JK Tyre, Vikrant and Tornel. Vikrant is the largest manufacturing facility in Mysore, both in terms of turnover and the number of people, provided with jobs. In 1996, Vikrant Tyre manufacturing was 100 tones per day with a turnover of Rs.350 crores. Today, the plants located in Mysore are producing nearly 3 times the tonnage per day, which will grow further from March 2010.