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Home » JK Tyre to get 30 mn euros long term loan

JK Tyre to get 30 mn euros long term loan

image of jk-tyre

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.

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