World Bank Group member IFC is investing US$30 million in JK Tyre & Industries. These funds will part-finance the expansion of capacities and integration of resource-efficient technologies into TBR & PCR manufacturing, leading to a more than 10% increase in radial tyre production. IFC gains a 5.6% stake in the tyre maker.
In April, at Chinandega, Nicaragua, Trelleborg presented its radial range of premium agricultural tyres to several important producers in Central America. The event was organised by Emagro, Trelleborg’s distributor for Nicaragua, Panama, Costa Rica and Guatemala, and generated considerable interest and positive feedback.
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