Birla Tyres in talks with multiple partners for collaboration across tyre segments_Birla Tyres in talks with multiple partners for collaboration across tyre segments

Birla Tyres in talks with multiple partners for collaboration across tyre segments

May 30, 2024

Kolkata: Birla Tires Ltd recently from multi-product company Kesoramm Ltd China is negotiating strategic alliances with several potential partners at home and abroad, including access to technical know-how on various products. Off-road tire products and materials and other specialized products. Birla Tires Manjush Khaitan Speaking at its virtual annual general meeting on Tuesday, the company said it would focus on leveraging its past heritage in promoting its brands in the tire segment, including off-road tires. There are other specialty categories as well.

Off-road tires are vehicle tires with deeper tire surfaces that provide greater traction on unpaved surfaces, such as soil, dirt, sand or gravel.

The company also plans to raise around Rs 20 crore, including fresh equity and debt. Birla Tires Director P Radhakrishnan He said that discussions with potential strategic partners and funding agencies are at an advanced stage and will be finalized in the next three to six months.

The company’s plant in Orissa has also been revamped. Through an innovative combination of existing and new product lines, capacity utilization is maximized to meet a wide range of customer needs from high-value truck tires to four-and two-wheeler markets.

Earlier in the day, Kesoram Industries management told shareholders that despite the pandemic and subsequent blockade, the company remained cash neutral in FY200. “Our subsidiary Cygnet Industries signed an agreement with Futamura Chemicals Co Ltd, a Japanese company, to supply transparent paper products globally.

Futamura It is a global leader in cellulose manufacturing and distribution with a unique product line serving a wide range of food, medical and industrial application markets.

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