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Article: Indian tire maker aiming to make it in N. America.
- Article from:
- Rubber & Plastics News
- Article date:
- September 22, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JK arrives
JK Tyre & Industries Ltd., the new owner of Mexico's Compania Hulera Tornel S.A. de C.V., is shooting for sales of $250 million in North America by year-end 2009.
The Indian tire maker plans to begin selling both the JK and Tornel brands in the U.S. and Canada starting next year. The world's 23rd-largest tire maker with 2007 sales of $780 million, JK Tyre bought Mexico City-based Tornel in May for $68 million. It has indicated it will spend millions more to add molds for the JK brand at Tornel's plants and upgrade the facilities' capabilities.
JK plans to launch the Tornel and JK radial passenger and light truck brands to ...