Balkrishna Industries Ltd. (BKT) posted net income of more than 1.7 billion rupees on net sales of 11.9 billion rupees for its first quarter ended June 30, 2019.
The new $500 million tire manufacturing plant in Bhuj, Gujarat, India, was just the beginning for Balkrishna Industries Ltd. (BKT). A new $23 million carbon black plant will be built close by.
There is more to the grand opening of a tire plant than the pomp and circumstance surrounding it. What about the weeks, months and years that lead up to it?
In 2010, Balkrishna Industries Ltd. (BKT for short) was a $300 million 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.
When its new off-highway tire plant in Bhuj, India, is at full capacity in 2017, Balkrishna Industries Ltd. (BKT) will be able to produce an additional 150,000 metric tons of tires per annum. Its other three plants in India produce 150,000 metric tons combined.
The new off-highway tire plant built by Balkrishna Industries Ltd. (BKT) in Bhuj, India, is already running at 46% capacity. In 2017, it will be at full capacity, producing 51-inch OTR tires, ag tires, industrial tires and more.