The Business Bytes
TBB BUREAU
NEW DELHI, JUNE 14, 2021
JK Tyre plans to spend Rs 200 crore in the next two years to enhance its production capacity through de-bottlenecking of its plants.
The company is focusing on prudent capital allocation and tight management of its working capital to ensure accelerated de-leveraging going forward, JK Tyre said in a statement on Monday.
“Going forward, the company is planning to incur Rs 200 crore over the next two years by way of de-bottlenecking its plants to increase capacities, to be funded through internal accruals,” it said.
There would be sufficient operational capacities through the proposed de-bottlenecking to cater to higher demand for its products, the company added.
The company has 12 manufacturing facilities with annual production capacity of 5,75,000 metric tonnes (around 32 million tyres) in FY21.
