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German taxpayers funding Indian tyre factory expansion

Tyre manufacturers have announced the closure of several factories within Germany in recent times, not least as a result of cost competitive competition from abroad. This has not stopped the Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a development bank indirectly owned by Germany’s federal and state governments, from providing JK Tyre & Industries Ltd with a long-term loan of 30 million euros to help it expand a plant in India.

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Related news:

  1. Not competitive enough – Michelin confirms plant closures in Germany
  2. JK Tyre joins RE100
  3. It’s “high time” for anti-dumping duties, says JK Tyre & Industries’ Singhania
  4. JK Tyre now 26% shareholder in Treel Mobility Solutions
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Show debut for JK Tyre’s latest OTR products

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The bauma CONEXPO India exhibition began in Delhi NCR today, and JK Tyre & Industries has used the event as a platform for launching its latest off-the-road tyres. The new offerings include, 17.5-25 VEM 63 L5 for wheel loaders, 16.00-25 VEM 99D E3 for wide body dump trucks, 12.00-24 VEM Smooth L5S for load haul dumpers, 300-15 Jet Lift for forklift trucks and 10/75-15.3 MPT117 for self-loading concrete mixers. Anuj Kathuria, President of JK Tyre’s India business and Debasis Khuntia, Head of OTR, were on-site to unveil the products.

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Related news:

  1. JK Tyre investing in additional production capacities
  2. JK Tyre & MRF publish annual reports
  3. JK Tyre joins RE100
  4. Apollo & JK to Supply OTR Tyres for BEML/Coal India JV
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JK Tyre joins RE100

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JK Tyre & Industries has become the first Indian tyre maker to join the global corporate renewable energy initiative RE100, and just the 16th business of any type within the country. Company Chairman and Managing Director, Dr Raghupati Singhania, states that JK Tyre’s decision to join RE100 “represents our unwavering commitment to environmental responsibility.

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Related news:

  1. JK Tyre develops 80% sustainable tyre
  2. JK Tyre profits rise 18% in July-September quarter
  3. JK Tyre acquires Kesoram subsidiary, tyre factory
  4. JK Tyre to consolidate, boost R&D activities
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JK Tyre partners with Vertelo to provide EV fleet solution

JK Tyre & Industries is supplying Vertelo with its “Connected Mobility Solutions”, a cloud-based monitoring system. Vertelo is a “bespoke electric mobility solutions provider”.  Through this partnership, JK Tyre will be providing the brand’s 255/70R22.5 JUXe EV tyres equipped with connected Treel sensors with real-time monitoring for Vertelo’s fleet. The mobility services will be provided at Vertelo depots nationwide, starting with Mumbai. JK Tyre will deploy a dedicated team of experienced professionals to provide round-the-clock support at the depot as well as enroute assistance.

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Related news:

  1. JK Tyre partners with EV firm EKA Mobility
  2. Goodyear to acquire Ventech Systems from Grenzebach Maschinenbau
  3. BH Sens introducing universal truck TPMS in Bologna
  4. BPW offers AirSave tyre pressure system
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JK Tyre & MRF publish annual reports

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Indian tyre makers MRF Ltd. and JK Tyre & Industries have published their annual reports for the 2023-24 financial year ahead of their respective annual general meetings on 1 and 2 August. Both documents can be read and downloaded here.

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Related news:

  1. Indian tyre stocks fall back
  2. India’s tyre makers meet government to talk rubber prices
  3. Bridgestone and MRF top JD Power India OE tyre survey
  4. Former F1 driver Karthikeyan JK Tyre’s new brand ambassador
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JK Tyre gains ISCC Plus Certification for its Chennai plant

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JK Tyre & Industries reports that it has become the first tyremaker in India to receive the prestigious International Sustainability and Carbon Certification (ISCC) Plus for its Chennai plant. Achieving ISCC Plus certification requires compliance with numerous criteria, including the traceability of raw materials, adherence to environmental regulations, preservation of ecosystems, upholding labour and human rights, and promoting sustainable economic development. The final audit for this certification was conducted by the Indian counterpart of the certification body based in Kolkata.

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Related news:

  1. Birla Carbon releases 7th sustainability report
  2. Hankook Tire gains ISCC PLUS certification
  3. Continental’s Portuguese tyre plant gets ISCC PLUS sustainability certification
  4. Hankook’s Hungary tyre plant gains ISCC PLUS Certification
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JK Tyre partners with EV firm EKA Mobility

JK Tyre & Industries has joined forces with EKA Mobility, a leading player in the electric mobility sector with Mitsui Co., Ltd. (Japan) & VDL Groep (Netherlands) as equity partners. The long-term agreement was signed in Pune in the presence of Sanjeev Sharma, AVP, Fleet Management & Mobility Solutions, JK Tyre and Vijaykumar Yelne, President of EKA Mobility.

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Related news:

  1. Chinese Retreading Market Presents World of Opportunity
  2. Continental signs Modi Tyre purchase agreement
  3. Conti planning further PCR capacity in India
  4. Michelin lifting TBR capacity in India to meet demand
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