JK Industries to Double OTR Production
JK Industries Ltd. plans to invest up to 1.2 billion rupees (£13.9 million) doubling production of OTR tyres over the next 18 months, according a senior official from the company. This decision is a logical one for the tyremaker, owing to the fact that the net profit margin for the OTR segment is 6 per cent, nearly three times that of truck and passenger car tyres.