First in the ‘10 million club,’ a strategic acquisition, Leadership Award, entry into 2-wheeler/3-wheeler tyre market – the year 2016 marked a series of highs for India’s global tyre maker JK Tyre & Industries. Strongly positioned in ‘Future Ready’ mode, the company is eyeing bigger achievements
The year 2016 has been a momentous one for JK Tyre & Industries Ltd, the leading four-wheeler tyre manufacturer in India and amongst the top 25 manufacturers in the world. History was created when JK Tyre became the first Indian tyre company to produce 10 million truck/bus radial tyres. The truck radial tyre was rolled out from its Vikrant plant at Mysuru in the state of Karnataka. It was another milestone in the company’s amazing march towards future.
“JK Tyre is truly a multi-national company with 12 plants globally with a future ready capacity of 350 lakh tyres per annum. After the recent Rs2,200 crore acquisition of Cavendish, JK Tyre has also entered the high growth segment of 2-3 wheeler tyres. Today we manufacture complete range of tyres - from a 3 kilo scooter tyre to the 3.7 tonnes Ultra Large OTR tyre,” Dr. Raghupati Singhania, Chairman & Managing Director, said at the Mysuru event.
The company has also plans to set up a new R &D Centre in Mysuru to combine all its R&D efforts across several locations under one roof. The Rs1,000 crore project will house the most modern and advanced equipment manned by highly experienced engineers and scientists with deep insight into material resource, designs, aesthetics and structures. At the initial stage, the centre will have 200 engineers and scientists and the number will double during the next one year.
Part of the JK Organisation, the company has global presence in 100 countries across six continents, backed by production support from 12 plants - 9 in India and 3 in Mexico. Currently, the capacity across all its plants is about 35 million tyres per annum.
The investment plans for the Mysuru plant is part of a major expansion drive that JK Tyre has launched aiming to increase capacity as well as product range.
Denne historien er fra December 2016 - January 2017-utgaven av Tyre Asia.
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Denne historien er fra December 2016 - January 2017-utgaven av Tyre Asia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Chasing gold
Worldwide, tyre companies are racing to adapt themselves to the disruptions in the automotive industry by accelerating innovations. A major effort is to find a suitable substitute for natural rubber from Hevea brasiliensis grown mostly in Southeast Asia plantations. It is found that rubber-yielding Russian dandelion, a summer weed, is found to be a suitable replacement for NR from Hevea. The research on commercialising NR from this ‘weed’ is being spearheaded by Dr Katrina Cornish and her group at Ohio State’s College of Food, Agricultural & Environmental Sciences. Her research, which has the potential to revolutionise the rubber and tyre industry, aims to develop industrial rubber crop, which matures much quicker than rubber trees that take as much as seven years to give yield
Making ELT Recycling Profitable
The ELT processing industry worldwide has been growing in double digits. From being a responsibility, obligation or compliance, the sustainability in the ELT is evolving into a profitable industry when conducted judiciously
E-commerce in tyre industry and supply chain
The tyre industry has been traditionally dealer-driven with a human touch, but today is witnessing a direct to consumer model by those manufacturers who have embarked on e-commerce for their business
Brand Sherlock Holmes
Global brand consultant and author Martin Lindstrom startled big company CEOs obsessed with big data when he urged them not to ignore the small details as the key for successful brand building could be discovered there. His conviction that small data is rich data drives him, with permission of course, to look inside the refrigerators or nosing in cupboards in households as he dwells into the minds of consumers who make purchase decisions. He does this as a forensic investigator of small data looking for emotional DNA of the consumer in order to gain insights into the mind and spirit of the consumer. It’s not surprising that CEOs and corporate leaders describe him as ‘Sherlock Holmes of brand consultants’
On High Road
The JK Group is looking at doubling revenue to $8 billion by 2020, which it hopes to achieve primarily driven by growth in the automotive tyres & tubes, auto components, defense & aerospace, papermaking and other space. JK Tyre, a flagship company of JK Group, is also playing a major role in Group’s growth, Dr Raghupati Singhania, Chairman & Managing Director, proudly says
Hoosier: Racing Globally
Hoosier Racing Tire (HRT), the US brand with the vast majority of its racing activities occurring in North America, is now part of the continental Group. continental Tire Americas, subsidiary of the continental group, acquired the company in late 2016.The Lakeville based Hoosier, which also has a location in Plymouth, is now well set in lane to strengthen its position in the racing tyre segment, John De Salle, President, told Tyre Asia in an exclusive interview.
Black Donuts In India: One-Stop For Entire Solutions
Black Donuts engineering Inc. is expanding its footprint in India by opening a new office in Delhi, in association with Dawnsun.
munch chemie
the release agent specialist münch chemie
Demonetisation: Tyre sales unaffected
The impact of the recent demonetisation of Rs500 and Rs1000 notes in India is less on tyre business than in the aftermarket as the trade between auto companies and tyre makers take place through banking and digital cashless transactions
Future Ready
First in the ‘10 million club,’ a strategic acquisition, Leadership Award, entry into 2-wheeler/3-wheeler tyre market – the year 2016 marked a series of highs for India’s global tyre maker JK Tyre & Industries. Strongly positioned in ‘Future Ready’ mode, the company is eyeing bigger achievements
