BKT TO SET UP NEW CARBON BLACK PLANT AT BHUJ FOR USD 23 MILLION

Time: Aug 22th 2017   Copy editor: Tyrefull

Balkrishna Industries Limited (BKT) will build a new carbon black plant in eight hectares within the Bhuj plant in Gujarat, India with an investment of USD 23 million. The production forecast is about 60,000 tons/year and the new plant will continuously provide raw material for the increasing tyre production, the company said. The meeting of the Board of Directors of the company on July 29, 2017 gave the green signal for the project.

“The carbon black plant is another step forward in the company’s middle-and-long-term strategy, which started with setting up the Bhuj site. Inaugurated in 2015, extending over an area of 120 hectares, and having had a cost of USD 500 million, Bhuj has state-of-the-art production facilities and machinery. It is located in a strategic position in proximity to the commercial port of Mundra, which has already been an important logistic hub for BKT’s exports. The Bhuj site was established for the purpose of meeting the more and more increasing demand for tires on a global scale. The new carbon black plant will further support BKT’s ability to invariably satisfy this demand,” a press statement from BKT said.

This plant will enable the company to even better ensure raw material qualities, it further said

The BKT group produces a wide range of Off-Highway tyres specially designed for vehicles in the agricultural, industrial, earthmoving, mining, ATV and gardening sector. BKT’s innovative solutions designed for the most differing user needs include more than 2,400 products sold in over 130 countries worldwide.

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