MUMBAI, Jan. 14 -- Together with everyone who has been involved with Magna Tyres group, we have achieved some big milestones with as result the growth of the Magna brand and strengthening its position as an industry leader and the fastest growing OTR company in the world," said the company.

Last year, Magna Tyres had major expansions. The company reopened Magna Tyres Hardenberg (NL) plant and opened a new regional office in South Africa. Magna Tyres also had started the production of NEW Made in Holland Magna Tyres at the Hardenberg factory in the Netherlands and within six months, it went for the first expansion, which doubled the capacity. In Asia, the company opened its first Magna OTR production in Thailand for the US. On produce side,...