On Thursday, JK Tyre & Industries announced that Germany’s DEG will provide it a 30-million euro long-term loan. According to a statement from the tire manufacturer, the money would be used to expand manufacturing capacity at its passenger vehicle radial tyre factory in Madhya Pradesh in a sustainable manner.
“DEG has had a long-standing client in the JK Organization. We now look forward to collaborating with its tire firm as well,” Joachim Schumacher, a member of the DEG Management Board, stated.
Discussion about this post