Global Indian tyre maker BKT said it’s new five-year plan aims to achieve revenues of around US$2.6 billion by 2030.
The plan includes investing $400 million, primarily through internal funding, on three main areas. These are the strengthening leadership in the off-highway sector, expanding the Carbon Black business and entering new tyre categories for the Indian market.
In the off-highway tyres segment, BKT will continue to consolidate what its said is its “global leadership” in the agricultural sector while progressively strengthening its position in rubber tracks, mining, industrial and construction segments.
The company is strengthening its presence in the specialty carbon black segment, targeting high-performance non-tyre applications. This non-tyre segment — which includes both specialty and advanced carbon black grades — is expected to become a key pillar of growth in BKT’s Carbon Black business.
To support this trajectory, BKT will expand production capacity from 200,000 tonnes to 360,000 tonnes annually, which includes the development of advanced carbon black.
The company remains committed to its long-term vision in the off-highway segment. The goal of achieving a 10% global market share in off-highway tyres by 2030 stands at the core of its strategy.
