Indian tire giant BKT reviews US investment plans

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BKT announced in its first-quarter fiscal 2020 financial document that it is halting plans for its US factory. Little detail was given as to why, other than uncertain economic conditions. The company revealed its plans to build the US$100m plant, which would be its first outside of India, in November last year.

While Europe is presently BKT’s largest sales market, accounting for more than half of the company’s overall turnover, the Americas has become an increasingly attractive market for the tire maker. As such, BKT decided to establish a subsidiary in the US to construct the facility, which would produce 20,000 metric tons of off-road tires. Completion was originally scheduled for March 21, 2021.

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Rachel's career in journalism began around five years ago when she started working for UKi Media & Events, having recently graduated from Coventry University where she studied the subject. Her favourite aspect of the job is interviewing industry experts, including researchers, scientists, engineers and technicians, and learning more about the ground-breaking technologies and innovations that are shaping the future of the automotive and tire industries.

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