A rebound in construction activity, from civil engineering projects like roads, bridges, wind farms, and airports to residential and commercial buildings, explains some of the growing demand for solid industrial tires.
In 2010, rental companies began expanding their fleets of telescopic handlers, called telehandlers for short, kicking off a trend that is expected to continue for several years. That’s good news for commercial tire dealers, as the telehandler equipment purchased at the start of the buying spree now needs replacement tires.
In 2010, Balkrishna Industries Ltd., BKT for short, was a $300 million Indian tire manufacturer. Its off-highway products, including OTR and agricultural tires, were produced in three plants in India. The tires were not exported on a global basis.