DOC Releases Preliminary CVD on OTR Tires
Tuesday evening, the Department of Commerce announced its preliminary determinations in the countervailing duty investigations of imports of certain new pneumatic OTR tires from India and Sri Lanka. The DOC announced a preliminary subsidiary rate of 4.7% for Balkrishna Industries Limited (BKT) and 7.64% for ATC Tires Private Limited. All other tire producers and exporters
KKR Poised to Exit Alliance Tire Group
Kohlberg Kravis Roberts & Co. (KKR) is considering selling its 90% stake in Alliance Tire Group, India media reports. ATG’s value is estimated at $1.5 billion, which would make the private equity exit the biggest from an Indian company. If KKR decides to sell its stake in ATG, the company will exit with a 30%
Changing the Tire Game
If the off-highway tire market were a chess game, BKT would be preparing to declare checkmate and claim its place as a global leader. “In the game of chess, there is a unique quality that distinguishes a true champion from a mere player. It is the ability to understand that each game consists of challenges
Yokohama Upping India Production
Yokohama Rubber Co. is planning to increase production capacity and undergo a feasibility study at its plant in Bahadurgarh, India, to help increase its market share in the country, according to India’s Economic Times. The tiremaker started production at the plant in November 2014 and its 25 acre-space will be expanded with four phases to
