JK Tyre & Industries Ltd. said it plans to invest 11 billion rupees in the next three years to expand capacity by 30 percent. Its present capacity stands at 9 million tyres per year. JK is eyeing 50 billion rupees in turnover by 2010, aided by this capacity expansion, the company said in a statement.
About 1.2 billion rupees will be invested in the coming months for increasing capacity by 50 percent in the off-the-road segment, including tyres for mining, cement and coal sectors.In the passenger radial segment, the company plans to invest about 2 billion rupees in expanding production through brownfield projects. JK plans to raise funds for the expansion through internal accruals and debt.
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