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IFC takes 5.6% share in JK Tyre

Author: Stephen Goodchild Comments: 0
IFC’s investment will finance efficient new production technologies & boost radial production (Photo: Tyrepress / Stephen Goodchild)

World Bank Group member IFC is investing US$30 million in JK Tyre & Industries. These funds will part-finance the expansion of capacities and integration of resource-efficient technologies into TBR & PCR manufacturing, leading to a more than 10% increase in radial tyre production. IFC gains a 5.6% stake in the tyre maker.

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