Balkrishna Industries

Balkrishna Industries Limited
Public
Traded as BSE: 502355
NSE: BALKRISIND
Industry Auto and Truck parts
Founded 1987[1]
Headquarters Mumbai, India
Area served
 North America and Europe
Products Tires
Revenue Increase ₹37.8 billion (US$530 million) (2016–17)[2]
Increase ₹10.59 billion (US$150 million) (2016–17)[3]
Number of employees
 6000
Website www.bkt-tires.com

Balkrishna Industries Limited (BKT) is a tire manufacturing company based in Mumbai, India. Balkrishna Industries manufactures off-highway tires used in specialist segments like mining, earthmoving, agriculture and gardening in five factories located in Aurangabad, Bhiwadi, Chopanki, Dombivali and Bhuj. In 2013, it was ranked 41st among the world’s tire makers.[4]

Balkrishna Industries is currently an OEM vendor for heavy equipment manufacturers like JCB (company), John Deere and CNH Industrial. The company currently enjoys 2% market share of the global off-the-road tyre segment.[5]

Balkrishna Industries predominantly caters to the replacement market in North America and Europe. Its North American office is located in Akron, Ohio with one warehouse in, Wando, South Carolina.[6] About 80 percent of Balkrishna Industries' business in the United States is in the farm market.[7]

BKT Tires is the official and exclusive tire sponsor for Monster Jam up to 2018.[8] In 2018, BKT became the sponsor of Italian football club Serie B until 2021.[9]

References

  1. ↑ http://www.bkt-tires.com/en/about-us/corporate-profile
  2. ↑ https://cloud.bkt-tires.com/bkt-financials/investor-presentation/2017/bkt-investor-presentation-july-2017.pdf
  3. ↑ https://cloud.bkt-tires.com/bkt-financials/investor-presentation/2017/bkt-investor-presentation-july-2017.pdf
  4. ↑ Staff, Tire Business. "BKT opens 1st U.S. warehouse - Tire Business". Tire Business. Retrieved 2018-01-24.
  5. ↑ Shyam, Ashutosh R. (2014-04-10). "What makes Balkrishna Industries confident of achieving higher market share amid competition from Michelin, Bridgestone and Continental?". The Economic Times. Retrieved 2018-01-24.
  6. ↑ "BKT investing in infrastructure, staff in North America". Tyrepress. 2014-12-17. Retrieved 2018-01-24.
  7. ↑ McCarron, Kathy. "Tire veteran Casalbore ready for challenge at BKT USA - Rubber & Plastics News". Rubber & Plastics News. Retrieved 2018-01-24.
  8. ↑ "BKT the official tyre of Monster Jam". Tyrepress. 2014-03-04. Retrieved 2018-01-24.
  9. ↑ http://www.calcioefinanza.it/2018/06/22/nuovo-title-sponsor-serie-b-bkt/
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