According to India’s “Economic Times†report, India’s JK Tire Industry Co., Ltd. is currently actively expanding its business for the Southeast Asian market, which will allow it to better capture growth opportunities in overseas markets. Raghupati Singhania, General Manager of JK Tire, said: “Although India's domestic tire market still has great potential, we have turned our attention to the Southeast Asian market in order to achieve rapid expansion. At present, we have acquired some merger and acquisition opportunities in order to quickly become a global company. †In 2008, JK Tire acquired Mexican tire company Tornel Corporation and its subsidiaries at a price of 2.7 billion rupees (approximately US$43 million), thereby expanding its business footprint to the Central and South American markets. In addition to mergers and acquisitions expansion, JK Tire is currently also considering building new factories in overseas regions. Raghupati Singhania said: “We are actively considering the construction of new production bases in several emerging markets in Southeast Asia. This region has maintained strong growth in recent years. Although we have not yet finalized any plans, we have invested in expansion plans for different geographical regions. a great deal of attention." JK Tire currently has 9 factories in India and Mexico, with an overall tire production capacity of approximately 20 million pieces/year. The company is currently advancing an expansion project for the Chennai plant in India, which will spend a total of 10 billion rupees (about 160 million U.S. dollars) to double the tire production capacity of the plant. Roof Gutter Roll Forming Machine Water Downspout Roll Forming Machine,Roof Gutter Roll Forming Machine,Rain Gutter Cold Forming Line Zhiye Cold Forming Machinery Co., Ltd. , http://www.czcoldformingmachine.com
Raghupati Singhania, General Manager of JK Tires