NEW DELHI: Singhanias claimed that JK Tire Industries, which acquired Cavendish Industries from Birla group company Kesoram Industries a year ago from BK, managed to turn around its losses and reduce conversion costs, and announced its pre-tax financial results for the fourth quarter. (polybutylene terephthalate). “We have controlled all three divisions of Cavendish Industries for a year now. Since then, we have resized our workforce to achieve PBT despite the recent unexpected increase in raw material prices. “In the fourth quarter of the last fiscal year,” JK Tire Industries and Cavendish Industries Arunn president and director of international operations Bajoria stated.

JK Tire acquired Cavendish Industries for Rs. 2, 1955 crore last fiscal, giving the company a production capacity of 1.21 lakh truck radial tires, 630 two and three wheeler tires and bias tires.

“Radialization is an upward trend in the domestic market. From the first quarter to the fourth quarter, we reduced our labor force by one-third, reduced plant conversion costs by 40%, and reduced waste on bias-tread equipment. The steps we have taken have allowed us to return to operations quickly. Since the acquisition, our Cavendish truck radial manufacturing plant has increased productivity by 70 to 80 percent,” Bajoria said.

The acquisition of Cavendiah Industries not only enables JK Tires Hariwar Laksar the three plants also enables the manufacturer to enter the two and three wheeler segment with tax benefits. After the acquisition, JK Tires now has an annual production capacity of 34.7 million tires across 12 plants in India and Mexico.

Avanteum VG Ramakrishnan, Avanteum Consulting, said, “Strategically, JK Tires gets tax breaks from North Arkhand. The deal also gives JKK. access to the large two-wheeler market, which was previously inaccessible. The consultant said. Executive Director.

JK Tire aims to double its revenues to Rs 20,000 crore in the medium term, Bajoria The company said it will continue to explore opportunities to grow its business through organic and inorganic channels.

Raghupati Singhania, a senior member of the promoter family of JK Group, recently told The Economist that the JK Group as a whole is looking to increase its sales to $8,000 crore (Rs 5,360 crore) by 2020, with sales in the automobile, defense and paper sectors expected to grow. Get the number of times you can achieve this goal.

The group is focusing on expanding its business in paper, cement, tires, automobiles and automotive components with a focus on expanding its business in these segments as key growth drivers. The group is also interested in the defense and aerospace sectors and plans to expand its presence in these space.