At its board of directors meeting, BKT outlined its strategic plan for the next five years, including growth in revenue and increased investment.
The plan focuses on three main areas; strengthening its market position in the off-highway sector, expanding its carbon black business and entering new market sectors in the Indian market.
Part of its off-highway plans include an approved expansion of its dedicated rubber track facility, which will be operational by the end of 2026. Its mining range will also be developed, supported by the All-Steel Radial technology.
The company believes that its carbon black business will be a key pillar of growth for the company, specifically expansion into non-tyre industries, including speciality and advanced grades.
To support this, the company will increase the production capacity from 200,000 to 360,000t each year, which should be in place by early 2026.
For its home market, BKT will also develop and launch products for the truck, bus, and passenger radial markets.
“With this development plan, we are setting a clear and ambitious vision for BKT’s future – built on solid foundations, modularity, and organic growth. We are entering new product categories with the same focus and consistency that have driven us in the Off-Highway space, backed by the trust we’ve earned worldwide.” — Rajiv Poddar, joint managing director.
The company still aims to achieve a 10% global market share in off-highway tyres by 2030.