JK Tyre to build 4th plant in India

JK Tyre & Industries Ltd. has selected a site near Chennai in southern India for a US$325 million radial car and truck tire plant, its fourth in India. The factory will stream in October 2011 and will reach its full capacity of 5 million car tires and 600,000 truck tires a year by 2012. The plant is expected to come on stream in October 2011. The facility will employ 1,000 people at full production capacity and expand JK’s capacity in India to 15.5 million units annually. (August 23, 2010)