Business Daily from THE HINDU group of publications
Tuesday, Jun 24, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jun 24, 2008 ePaper | Mobile/PDA Version | Audio |
|
|
|
|
|
|
|
Corporate
-
Overseas Investments Marketing - Brands JK to produce company branded tyres from Tornel’s facility Our Bureau New Delhi, June 23 JK Tyres said that it would start producing company branded truck tyres from the facility of its recently acquired Mexican company Tornel. The company would continue to produce both the brands — JK Tyre and Tornel — for the markets in North and South America. “We have built a certain presence of our brands in these markets. We plan to grow both the brands,” said Mr Raghupati Singhania, Managing Director, JK Tyres. JK Tyres completed 100 per cent acquisition of Tornel, which was announced in April this year. Mr Singhania also indicated revising its tyre prices by August. The hike would be over and above the 2.5 per cent done a few days ago and a similar one that was implemented in January too. “The input costs are increasing and it is a real challenge for us as oil, natural rubber and power prices put pressure on our margins. We do not have any option but to increase tyre prices,” Mr Singhania said at a media interaction. Senior company officials say that the prices would go up to 7-8 per cent. More Stories on : Overseas Investments | Tyres | Brands
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|