The Calcutta-based Ruia Group, owner of Dunlop India and Falcon Tyres, has told reporters that it has kicked off the production of the formers brand of tyres in India. Dunlop, which has recently been relisted on the stock exchange is expecting to generate revenues of Rs. 6 billion (£80.6 million) by the next financial year. Before the two facilities ceased operations in 2008 Dunlop India turnover stood at Rs. 900 million (£12.1 million).
"We re-started operations of Dunlop at the Ambattar facility in Tamil Nadu and Sahagunj in West Bengal late last year," Ruia Group chairman Pawan Kumar Ruia told the Press Trust of India. "Our target is to achieve revenue of Rs 600 crore (£80.6 million) from this brand in 2010-11." Ruia added that a similar figure had been invested in the two factories over the last four years, mainly to cover refurbishment, new machinery, settling liabilities and legal tangles. The plants now have a combined capacity of 1.6 million units of truck, bus and off the road tyres. "Currently we are utilising around 25 per cent of the capacity and we intend to reach full utilisation by next fiscal," he said, adding
Plans to produce radials at Dunlop plants are progressing. The Ruia Group also intends to increase capacity for its 'Falcon' brand tyres at its Mysore, Karnataka state factory by five hundred thousand pieces within the next six months.
The Ruia Group, a fast emerging industrial conglomerate with interest in infrastructure & engineering, tyre & rubber products, sugar and electronics, has had a phenomenal growth since its inception in 1993. The able leadership of its chairman Pawan K Ruia has given the Ruia Group a formidable reputation in turning around ailing industrial giants through innovative management practices. The core capability of the Ruia Group lies in identifying the opportunities and reinventing the acquired companies. The Group has a workforce of around 10,000 skilled, committed and qualified professionals.
"We re-started operations of Dunlop at the Ambattar facility in Tamil Nadu and Sahagunj in West Bengal late last year," Ruia Group chairman Pawan Kumar Ruia told the Press Trust of India. "Our target is to achieve revenue of Rs 600 crore (£80.6 million) from this brand in 2010-11." Ruia added that a similar figure had been invested in the two factories over the last four years, mainly to cover refurbishment, new machinery, settling liabilities and legal tangles. The plants now have a combined capacity of 1.6 million units of truck, bus and off the road tyres. "Currently we are utilising around 25 per cent of the capacity and we intend to reach full utilisation by next fiscal," he said, adding
Plans to produce radials at Dunlop plants are progressing. The Ruia Group also intends to increase capacity for its 'Falcon' brand tyres at its Mysore, Karnataka state factory by five hundred thousand pieces within the next six months.
The Ruia Group, a fast emerging industrial conglomerate with interest in infrastructure & engineering, tyre & rubber products, sugar and electronics, has had a phenomenal growth since its inception in 1993. The able leadership of its chairman Pawan K Ruia has given the Ruia Group a formidable reputation in turning around ailing industrial giants through innovative management practices. The core capability of the Ruia Group lies in identifying the opportunities and reinventing the acquired companies. The Group has a workforce of around 10,000 skilled, committed and qualified professionals.
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