JK Tyre completes acquisition of Birla Tyres’ Haridwar plant in India
Acquisition expands company’s annual production capacity to 34.7 million tires
JK Tyre & Industries and JK Asia Pacific (S) Pte, a wholly-owned subsidiary of JK Tyre, have completed the acquisition of Cavendish Industries (CIL), a unit of Kesoram Industries Ltd, for approximately INR22 billion (USD330 million, 19 April 2016), according to an Autocar Professional report.
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