JK Tyre Complete Merger Of Cavendish Industries Ltd (Press Release) | V3Cars

JK Tyre & Industries Ltd have announced the successful completion of the merger of their subsidiary, Cavendish Industries Ltd. The move is expected to unlock operational synergies, improve scale and strengthen the company’s overall tyre manufacturing capabilities.

JK Tyre Complete Merger Of Cavendish Industries Ltd

Here’s what JK Tyre have to say about the merger of Cavendish Industries Ltd:

JK Tyre & Industries Ltd., one of India’s leading tyre manufacturers announced the successful completion of the merger of Cavendish Industries Ltd. (Cavendish), its subsidiary with JK Tyre & Industries Ltd.

Cavendish was acquired by JK Tyre in 2016 from Kesoram Industries Ltd. Cavendish primarily had manufacturing capacity of truck/ bus radial, truck/bus bias and 2/3-wheeler tyres. At the time of acquisition Cavendish was operating at barely 30% of its Capacity.

Post acquisition, JK Tyre provided comprehensive managerial, financial and technical support leading to a swift and effective turnaround. Through systematic streamlining of manufacturing processes, this resulted in Capacity utilization of 95%. Furthermore, the capacity at Cavendish, Laksar was also expanded as a result of which it contributed sizably to the overall tyre operations of the company.

The merger is expected to unlock substantial value through enhanced operational synergies, economies of scale, a stronger and bigger diversified product portfolio, and enhanced reach across a combined distribution network.

This merger reinforces JK Tyre’s long-term strategy of sustainable growth through a balanced mix of organic and inorganic initiatives. The successful integration of Cavendish marks the company’s third major turnaround following the transformations of Vikrant tyres (1997-98) and JK Tornel Mexico (2008), besides two other Greenfield plants.

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Jackson is drawn to SUVs with presence—big, bold, and impossible to ignore. From the Mahindra Thar to the Range Rover, he admires vehicles that speak strength and power, even if he’d rather avoid the chaos of driving.

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