- Advertisement -
Saturday, November 2, 2024
Home News Fleet BKT to double turnover by 2026

BKT to double turnover by 2026

Production capacity by more than two-thirds as it looks to double its turnover to $2 billion per year by 2026

Indian tyre manufacturer BKT has revealed that it plans to expand its production capacity by more than two-thirds as it looks to double its turnover to $2 billion per year by 2026.

The off-highway specialist told T&FME last week that it will look to expand its black carbon manufacturing capability as well as its range and size of its tyres to open up new opportunities on the global market.

It added that this year, it expects to achieve a production capacity of 360,000 tonnes across its units.

T&FME was in its $500 million production facility of Bhuj week last week, and the focus will now be on doubling the footprint of the plant to help reach its 2026 target of 600,000 tonnes within the next three years.

When the first tyre rolled off the Bhuj production line in 2012, the plant was located on an area of 123 hectares. By the end of 2023, the forecast is to reach a total surface area of 323 hectares, of which 283 have already been acquired.

BKT commented: “More space thus means more possibility to install new machines, to accommodate more test areas, to increase volumes and all that goes with it. A forecast for growth which does not stop and which, on the contrary, is the basis to meet the increase in demand. Just to mention the most recent trends, BKT’s business has increased by 49% compared to the pre-pandemic period, a remarkable peak that bears witness to how the Indian multinational is always ready for new opportunities and challenges

“And again in concrete terms, from the distant 92 MT production per day in 2015, Bhuj ended 2022 with its best result ever, 436 MT daily.”

- Advertisement -
Stephen Whitehttps://truckandfleetme.com/
Stephen White was formerly editor of Big Project ME.
- Advertisement -

Most Popular

BMW Middle East showcases luxury and sustainability at Dubai Design Week

BMW Middle East is returning to Dubai Design Week as the exclusive Automotive Partner for the third consecutive year, presenting a unique pavilion that...

SAF-HOLLAND showcased its entire brand portfolio for the first time at the IAA

SAF-HOLLAND has said it showcased its entire brand portfolio for the first time at the IAA Transportation show in Hanover, uniting all its companies...

The Kia Tasman rolls into Jeddah after UAE testing

Kia Corporation has officially introduced the Kia Tasman, its first-ever pickup truck, showcasing advanced capabilities for both work and leisure. Debuting at the Jeddah...

INDU Kishore Logistics breaks ground on state-of-the-art logistics facility

Dubai South, the UAE’s largest single-urban master development focused on aviation, logistics, and real estate, has partnered with INDU Kishore Logistics to break ground...

Related News

BMW Middle East showcases luxury and sustainability at Dubai Design Week

BMW Middle East is returning to Dubai Design Week as the exclusive Automotive Partner for the third consecutive year, presenting a unique pavilion that...

SAF-HOLLAND showcased its entire brand portfolio for the first time at the IAA

SAF-HOLLAND has said it showcased its entire brand portfolio for the first time at the IAA Transportation show in Hanover, uniting all its companies...

The Kia Tasman rolls into Jeddah after UAE testing

Kia Corporation has officially introduced the Kia Tasman, its first-ever pickup truck, showcasing advanced capabilities for both work and leisure. Debuting at the Jeddah...

INDU Kishore Logistics breaks ground on state-of-the-art logistics facility

Dubai South, the UAE’s largest single-urban master development focused on aviation, logistics, and real estate, has partnered with INDU Kishore Logistics to break ground...

Cargostore and HALEYS reveal high-spec trailers for Qatar

Cargostore Worldwide and HALEYS Group Middle East have joined forces to provide essential logistical infrastructure for the nation's expanding offshore energy projects. The collaboration...

LEAVE A REPLY

Please enter your comment!
Please enter your name here