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Chennai floods hit the tyre industry, JK reports loss of 700 tonnes of production

jktyre
Posted: January 12, 2016 at 1:29 pm   /   by   /   comments (0)

One of the leading Indian tyre maker JK Tyre reported that the operations at its manufacturing plant in Sriperumbadur was disrupted for eight shifts due to excessive rains in Tamil Nadu. The company stated that, “The total loss of production was estimated to be of about 700 tonnes. The production & dispatch are getting normalized from Dec 8th & that the plant & the machinery were not damaged during the floods. However, partial damage has been caused to compound wall, internal roads & fencing of the facility.”
The company added that, “The damages caused by natural calamity are adequately covered under the insurance policy of the company.” JK Tyre’s plants in other parts of the country have been operating as usual. Moreover, the production and dispatch at the Chennai plant were also back working by 4th December.
Another major indian tyre manufacturer Apollo Tyres Ltd said that the production operations at its plant located at Oragadam, near Chennai were disrupted due to flooding at the factory premises caused by heavy rains.The production at the Apollo plant were disrupted in three shifts till December 2nd, 2015. The production loss due to this natural calamity was estimated at around 450 tonnes.

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