Off-Highway Tire Specialist BKT to Build First US Plant
LAS VEGAS—BKT USA Inc., the U.S. subsidiary of India-based Balkrishna Industries Ltd., announced during the recent Specialty Equipment Market Association Show here that the off-highway tire specialist company is planning to soon build a U.S. tire plant. The $100 million factory will be BKT's first outside of India and fifth tire plant overall.
BKT also disclosed recent investments of more than $200 million have been made to upgrade and expand capacity for tires and carbon black at its plants in India, projects that will overlap with and supply the U.S. plant when it comes on stream. BKT is India's fifth largest tire maker and ranks No. 39 worldwide on Rubber & Plastics' 2018 Global Top 75 rankings, based on fiscal 2017-18 sales of $692 million.