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J K Tyres to expand Mysore plant by Sept

Our Correspondent  |  Mysore 

The Mysore-based J K Tyre, which enjoys over 85 per cent of the market share in truck radial segment, is on an expansion mode.
It has undertaken a Rs 60 crore investment for capacity expansion by 50 per cent for the Mysore plant and will be commissioned by September 2005.
J K Tyre, the pioneer of radial technology in India, crossed another milestone on July 13 by rolling-out its one millionth truck radial tyre at its plant here. Incidentally, the Mysore plant is India's first truck/bus radial tyre manufacturing facility.
The merger of J KTyres and Vikrant Tyres in 2003 set the pace for fusion of technological expertise, R&D infrastructure and a well-entrenched marketing network, resulting in consolidation of the former's leadership position both nationally as well as globally. With a turnover of over Rs 2,300 crore, J K Tyres on today competes with the best players across the globe.
It has established an independent R&D facility, the Harishankar Singhania Elastomer & Tyre Research Institute. It is engaged in the advancement of tyre technology and polymer chemistry and has been described as 'one of its kind research centre' in Asia.
While other tyre manufacturing units are recent entrants into the radial technology, JK Tyre has emerged as India's leading tyre manufacturer, apart from being the the first in India to use this technology.
In technological collaboration with Continental AG of Germany, the fourth largest tyre company in the world, JK Tyre continues to enjoy a market leadership in the segment.
The truck radial segment has witnessed a substantial increase in the country, registering over 69 per cent growth in the April-Jun Q-2005 over the same period last year. J K Tyre proposes to tap this emerging potential by the Rs. 60 crore expansion.
"The one millionth truck radial is a milestone achievement not just for JK Tyre, but also for the Indian tyre industry. It sets a new benchmark in the Indian tyre industry," says J.K.Tyre Vice-Chairman and MD

First Published: Fri, July 15 2005. 00:00 IST