Ruia Group Acquires Inner Tube Manufacturer

India’s Ruia group has acquired two-wheeler inner tube manufacturing company JJ Polymers for an undisclosed sum, and Ruia is setting about raising capacity at the company’s Mysore facility in eastern India. “Its capacity is being raised to 900,000 per month,” said group chairman Pawan Kumar Ruia; previously the JJ Polymers plant had a monthly capacity of 375,000 units.

Another group company, Monotona Tyres, acquired by the Ruias in 2007, produces 500,000 tubes per month. With Falcon Tyres, acquired by the group in 2006, holding a monthly capacity of 350,000 tubes, the Ruias now have a two-wheeler making capacity of 1.7-1.8 million units per month.

“While there is a slump in demand for four-wheelers because of the economic slowdown, the two-three wheeler market is very buoyant,” Ruia said.