Alliance Tire Group joins KKR's Green Portfolio Program
ATG enhances its strong sustainability focus through adoption of new analytical metrics
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ATG is a global tire maker that specializes in producing off-highway tires and caters primarily to the agricultural, forestry and construction industries.
ATG's entrance into the GPP enhances its existing sustainability efforts which have been an area of focus since ATG's inception. These initiatives center on reducing energy consumption, minimizing scrap waste and environmental impact at its tire manufacturing facilities in
The program has already led to quantifiable environmental results. Between the second quarter of 2014 and the first quarter of 2015, ATG's calculations have shown:
- Coal consumption per ton of production has been reduced by ~90 kg / ton;
- Steam consumption has been reduced by 10% per ton; and
- Scrap waste has been reduced by 4.3%.
ATG expects the collective environmental savings from the gas project alone to equate to
"ATG's core principles include being mindful of our environmental impacts. For example, waste-reduction has been a long-term goal for our business. KKR's assistance in introducing new metrics and analytics to our initiatives helps us measure and improve upon our sustainability performance," said Yogesh Mahansaria, Founder & CEO of ATG.
"We believe ATG is world-class in terms of its environmental sustainability efforts. We are thrilled that KKR and KKR Capstone could contribute analytical tools to complement ATG's ongoing sustainability efforts. The ability to measure environmental impact while producing tangible cost savings highlights is the foundation of the Green Portfolio Program," said
The GPP, which began in 2008 as a partnership between KKR and the environmental non-profit organization Environmental Defense Fund ("EDF"), applies KKR's approach of assessing, measuring, and optimizing performance in order to help portfolio companies manage their environmental impacts while also improving their bottom line. KKR works with members of participating private equity portfolio companies to enhance existing sustainability initiatives by providing a set of analytic tools to help company management teams assess and track improvements across several key performance areas, such as greenhouse gas emissions, water, waste, priority chemicals, and forest resources while adding to the company's bottom line.
For more on KKR's Green Portfolio Program and the participating private equity portfolio companies visit www.green.kkr.com.
With nearly 60 years of experience, the
ATG serves customers in 120 countries, across 6 continents and offers a full spectrum of products, from basic entry-level tyres to a broad range of superior quality value-added products. All of the Group's tyres are designed, developed and tested at its advanced R&D centers around the world.
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR's website at www.kkr.com.
About KKR Capstone
KKR Capstone is an operational team of highly experienced industry executives and functional specialists. The team works exclusively for KKR and on KKR investments on the ground in partnership with management teams to create sustainable improvements. KKR Capstone also leads the implementation of sustainability initiatives that help portfolio companies manage their environmental impact while also improving their businesses.
References to "KKR Capstone" or "Capstone" include their local affiliates, which are owned and controlled by their senior management. KKR Capstone is not a subsidiary or affiliate of KKR. KKR Capstone operates under several consulting agreements with KKR and uses the "KKR" name under license from KKR. References to operating executives, operating experts, or operating consultants are to employees of KKR Capstone and not to employees of KKR.
Edelman (for KKR India)
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