The new headquarters of the Group, which has a history of 165 years of steady growth, serves the business units HF TireTech Group and HF ToolTech Group.

The designing of the new office is tuned to the needs of the Group’s forward march. Direct access from the office facilities to the assembly hall and machine testing area brings all fields of work close together and ensures optimised communication. The established and well proven production unit in Belišće, Croatia remains. Continuous investments in logistics, painting, warehousing and machining under highest economic aspects guarantee state of the art manufacturing.

Back on track

The COVID 19 pandemic and the global lockdown that came with it saw HF being tested hard for its resilience and the capability to help its partners put their production process back on track through its engineering and other services.

“For HF, partnership means to support its valued customers with benefits that will help to keep their production back on track,” says HF TireTech Group Managing Director Dr. Joern Seevers.

HF´s benefits & services for the tyre production are many:

• Technical support for restarting the HF Curing Presses

• Inspection and readjustment of mechanical settings

• Inspection of safety-related components

• Performance check and functional analysis of hydraulic/pneumatic systems

• Software check-up and functionality test

• Close coordination and supply of spare parts

• Individual training for technicians and service people for a smooth and efficient production ramp-up; trainings can take place on customers site or in Hamburg at the Group’s testing press. Virtual support is also available

Dr. Seevers said: “Together with our customers we analyse production processes, optimise, adjust to changed situations, look behind the production and develop new strategies to achieve more flexibility, increase quality, reduce costs and raw material - get into action with a higher level in automation and smart retrofitting and be ready for sustainable tyre production.”

Tandem Mixer technology:

HF takes it to the next level

HF Mixing Group is supplying Tandem Mixers for more than 15 years and has kicked off a revolution in mixing since then. The concept appears to be simple, but all those years of experience have shown that the highest degree of machine engineering has to be combined with extensive process know how to make a Tandem Mixer successful. And a mixing line is only successful if the calculated output and productivity is achieved – combined with a reliability which enables stable production for years.

As matter of fact to develop the process to mix on a Tandem Mixer takes some time and efforts – not to forget the technological know-how of the mixing process itself. HF offers the possibility to accompany this development by offering extensive trials and engineering studies – to shorten the time from ordering a machine up to the point of running in full production.

The goal of a Tandem Mixer is to reduce the specific cost of mixing a compound – on many occasions, HF has proven that overall cost reductions of 15% can be achieved compared to standard lines with a single mixer. This, in between other, is achieved by reducing the mixing steps for a PCR compound from 2,5 to 1,5 steps.

But productivity is not the only driving factor to invest in a Tandem Line – the quality of the compound overall and specifically constant and repeatable mixing of modern compounds is to be ensured. To optimise dispersion, distribution, temperature control and process stability makes a significant difference in today’s production of more complex compound recipes. The intermeshing mixers produced by HF and used in a Tandem Line guarantee to meet these requirements more than any other mixers on the market.

Experiences have shown that no compromise on quality can be made – and HF is supporting this approach with delivering a control system for Tandem Lines which enables their customers to not only run the machine efficiently but also uses online condition monitoring to always reflect on a reliable compound quality which is repeatable.

HF emphasises on result driven production concepts for its customers – further innovations in terms of integrating industry 4.0 solutions to the mixing process are on its way and the focus is clear: Intelligent machines will integrate new digital solutions into the mixing process and will ensure to meet the expectations of the future.

Brownfield projects

The COVID pandemic put a stronger focus on replacing existing machines instead of adding new capacities to a production plant. Also, productivity as well as sustainability aspects are driving many tyre companies to have a closer look to the installed base.

But inspecting a mixing line which has run for more than 15 years (or sometimes even 25 years) brings to light what challenges may come up if this line will be replaced by a new one. Output values need to be increased, a new mixer technology should improve the quality of compounds, modern automation solutions should support the daily production procedures and increase process stability – many more requirements should be met. One of the largest challenges is limited space when looking at an upgrade of machinery.

Not only the pure space but also intralogistics within a mixing line can create headache – from upstream equipment feeding a mixer all the way to downstream machinery processing the batch further – many modern solutions can be used today but looking at the available space installing them is the challenge.

With a clear focus on such brownfield projects, HF has managed several conversions from old to new with unmatched success. A key in such projects is the planning and pre-engineering process. Starting with an inspection of not only the mixer but all surrounding factors in the building – considering also the material flow – and then continuing with a 3D- scan of the existing equipment including pipe and cabling routing the basis for planning can be laid. Supported by this 3D-scan HF engineers plan and design with 3D models the complete mixing mill room.

By keeping the existing machinery as the base layer and inserting new equipment in an over-lay collisions of steel constructions, limitations in space and optimised pipe and cable routing can be identified. Furthermore, an improved process flow chart is the basis of planning material flow, work processes and even manpower to operate the new mixing line. Finally, new controls and automation solutions – on the basis of industry 4.0 – will improve operating and monitoring the equipment.

One of the largest benefits using HF’s Pre-Engineering is shortening the planning and execution time – and last but not least the reduction of financial funds is possible by starting up the new line much quicker compared to the conversion of lines in earlier years.

Safety first

Supporting all major tyre manufacturers with mixing technology HF constantly strives for improving operational procedures in the mixing mill room. When it came apparent that the variety of compounds increased more and more – driven by many more types and technologies in tyres today – the changeover times from one recipe to the other was put in the focus of operational optimisation. Not only flexible automation solutions are required but also quick availability of the mechanical equipment after the last batch of the current recipe was dispatched. In between other HF identified the cleaning of the mixing chamber as a critical action during changeover in two aspects: First it needs to be safe for the maintenance personal to enter the mixing chamber and secondly time can be saved if the access to the chamber can be optimized.

In order to meet both requirements HF’s engineers designed a maintenance box, the so-called mBox©, which is mechanically integrated directly underneath the mixer – combining the mixer with the chute of a dump extruder for example.

In the moment the mixing line is switched to cleaning mode and all movements of parts are blocked a moveable platform – the floor of the maintenance box – is inserted horizontally underneath the mixer. A door of the box can be opened, and maintenance personnel can enter the box safe and secure, standing underneath the mixer with easy access to the mixing chamber.

Besides the safe working environment customers from HF have noticed saving time and having the opportunity of even inspecting the mixing chamber easier and more frequent during a changeover.

Especially in new installations of a mixing line the mBox© can be integrated in the design of the line easily and right from the start – benefitting the safety and operation of the line daily.

HF Screw Presses

The production of screw presses is one of HF`s core competences for decades. The screw press has gained recognition during its affiliation with KRUPP. Thus, the presses operate all over the world and more than 2.500 presses are installed in various industries for example the edible oil industry, biomass technology and rendering. And, most interesting for the tyre industry, the presses accomplish benchmarking results in the dewatering of natural and synthetic caoutchouc. As a more efficient and space saving solution instead of band dryer systems or similar the screw press has its strong eligibility in dewatering process.

HF Curemaster

HF brought the first hydraulic column type curing press to the tyre industry in 1997. Since then, it continued to develop this product to meet the demanding requirements of its customers.

The HF Curemaster was launched two years ago and since then the patented truck tyre curing press has been successfully installed in multiple locations and in efficient operation. The press provides a flexible and compact footprint, making it possible to replace older presses with potentially more presses per existing trench.

The HF Curemaster also focuses on optimising energy efficiency to ensure the lowest total cost of ownership in the curing plant. The HF Curemaster´s hood design incorporates insulation inside the hood to provides the best insulation effect. In addition, the HF Curemaster provides an extremely fast cycle time to minimise the overall amount of heat loss during the open and close sequence of the press.

HF PCR Design

Delivering for a new greenfield plant is relatively straightforward. However, HF understands the important need of the replacement market as well. It is important to be flexible to meet all the varying trench layouts (pit, shelf, pitless, and so on). Equally important is the need to be able to replace existing 42” – 45” old mechanical presses with 48” – 52” modern presses in order to meet the growing demand for larger tyre sizes.

All replacement projects are analysed carefully together with customers. Attention is paid closely to all details related to operation, maintenance access, mould & bladder change requirements as well as all local safety regulations. HF´s long experience with curing presses provides a large variety of modular options to be used for finding the optimised fit for each specific request.

HF Stack Passenger Car Inflator (PCI)

The requirement for post cured tyres continues to grow in the market and HF has designed a simple and compact solution that can be incorporated in all HF presses as well as behind most all existing older presses.

The patented HF Stack PCI design allows for the PCI to be integrated into even the tightest footprints. This solution eliminates any movement or rotations of the PCI body itself and greatly reduces the amount of moving mechanical components and maintenance.

HF Digitalisation

HF recognises the important trend of digitalisation for the tyre manufacturers and has developed reliable, customised software solutions for machine data communication between machine control and customer IT systems. The main steps were to focus on MES, SCADA and Recipe Management interfaces.

HF Smart Curing enables customers to get started quickly and effectively with a future-oriented digitisation solution. The main advantage in this case is that software for machine data acquisition is supplied directly by the supplier and not by IT service providers.

OPC server technology and efficient network solutions are tailored to the machine enable secure data acquisition. This software can provide feedback in regard to condition monitoring, diagnostic function, machine services, energy monitoring and remote service.

The benefit of connecting your equipment with digitalised solutions clearly accelerates a target-oriented development and improves the Total Cost of Ownership of the equipment.

Emerging as a direct answer to the mining industry's most persistent durability challenge, Triangle Tyre has comprehensively launched its groundbreaking giant OTR tyre bonding protection solution: EnsureX Efficient Technology. This innovation is specifically engineered for the world's most punishing environments, such as the Deo Nai coal mine in Vietnam's Quang Ninh province. There, extreme heat, prolonged humidity and rugged lignite terrain traditionally cause severe tyre ageing and delamination, leading to high failure rates and operational risk.

The core of EnsureX is a material science breakthrough that solves the critical problem of adhesion failure between rubber polymers and steel cords under heavy load and complex conditions. It centres on an ultra-high-performance cobalt-free bonding system paired with a gradient adhesion-layer distribution. This combination delivers transformative performance through three key pillars: exceptional fatigue resistance to handle constant deformation, enhanced ageing resistance that boosts adhesion strength by over 40 percent and long-lasting corrosion protection suited for harsh climates.

Already proven in rigorous field testing, the technology has been applied to 49-inch and 57-inch tyre series with remarkable results. It acts as a resilient mechanical anchor within the tyre's structure, deeply securing each steel cord to create a far more integrated and robust assembly. This engineering advancement reduces delamination failures by more than 95 percent and extends overall tyre service life by over 15 percent, directly addressing the costly cycle of premature scrapping.

The successful deployment of EnsureX Efficient Technology marks a significant leap forward in OTR tyre capability. By providing a stronger, more durable and stable solution, it not only elevates safety and efficiency for mining operations but also solidifies a new standard of performance through independent innovation in high-end tyre manufacturing.

Apollo Tyres is preparing to introduce the Vredestein Quatrac Pro 2, a next-generation ultra-high-performance all-season tyre slated for release in the summer of 2026. This product is engineered with a completely new architecture, innovative materials and an advanced directional tread to achieve leading performance standards. It is specifically designed for compatibility with contemporary electric and hybrid vehicles, offering low rolling resistance and minimal noise alongside a reinforced structure to accommodate their greater weight without compromising dynamic response.

This breakthrough tyre is conceived as a versatile, performance-focused option suitable for a broad range of vehicles, including sports cars, high-performance saloons and SUVs, and will be available in a wide selection of sizes. The launch continues the Vredestein brand's longstanding leadership in the all-season category, a segment it has helped define since the 1990s and where it currently offers the most comprehensive product range.

CEAT Ltd reported strong growth in the December quarter, supported by higher volumes, improving operating margins and continued investment in capacity expansion, while flagging near-term pressure from currency movement and raw material costs.

The tyre maker posted consolidated revenue of INR 41.57 billion for the third quarter of FY26, up about 26 percent year on year. Standalone revenue rose 20.1 percent to INR 39.57 billion, driven by growth across replacement, OEM and international markets.

“This was a good Q3 for us, with more than 20 per cent year-on-year growth on a standalone basis,” said Arnab Banerjee, Managing Director and Chief Executive Officer. “Volume momentum continued across segments, supported by GST rationalisation, improving consumer sentiment and steady recovery in OEM demand.”

Demand outlook remains supportive

Management said the Indian tyre market entered calendar 2025 on a stronger footing, aided by tax reforms, rising electric vehicle adoption and premiumisation. CEAT expects the industry to deliver healthy single-digit growth over the medium term.

“Increasing disposable income in rural markets following robust rabi sowing and kharif harvest completion has been supportive,” Banerjee said, adding that replacement demand for truck and bus radials is expected to remain in the mid-to-high single digits, with seasonal upside during the summer months.

Two-wheeler tyres continued to perform strongly, while OEM demand for medium and light commercial vehicles recovered following GST rationalisation. Passenger vehicle demand is expected to grow at double-digit rates in the near term, supported by easing financing conditions.

International demand for radial commercial vehicle and passenger car tyres remained firm, with India emerging as a credible sourcing base for global OEMs and distributors.

Margins improve despite cost headwinds

Standalone EBITDA rose to INR 5.56 billion, translating into a margin of 14.1 per cent. Consolidated EBITDA stood at INR 5.68 billion, with margins improving both sequentially and year on year.

Gross margins, however, contracted sequentially by about 109 basis points, largely due to currency depreciation and inventory adjustments.

“The depreciation of the rupee and a modest rise in international natural rubber prices could result in a 1 to 1.5 per cent cost headwind over the next few quarters,” said Kumar Subbiah, Chief Financial Officer. “While crude-linked inputs remain stable, currency remains the key variable to watch.”

Standalone profit after tax came in at INR 1.92 billion, compared with INR 2.02 billion in the previous quarter. The decline reflected a one-time provision of INR 578 million linked to new labour code implementation.

“This provision largely relates to past service costs,” Subbiah said. “The ongoing quarterly impact going forward is expected to be minimal.”

Camso integration on track

CEAT said the integration of its Camso off-highway tyre business is progressing broadly as planned. Quarterly revenue stood at about USD 20 million, reflecting the ongoing transition of customer relationships from Michelin to CEAT.

“Most existing customers have approved the business transfer, ensuring continuity,” Banerjee said. “There are some one-time transition and IT costs in Q3, which will not recur from Q4 onwards.”

Management said underlying operating margins at Camso are already in double digits and are expected to improve further as utilisation rises and CEAT gains greater control over sourcing and sales.

Capex remains elevated

Capital expenditure during the quarter stood at INR 2.54 billion, taking cumulative spend for the year to INR 6.73 billion, excluding acquisition-related intangibles.

The board approved an additional INR 13.14 billion investment at the Chennai plant to add 3.5 million passenger car tyres of annual capacity, with completion targeted for the second half of FY28. The project will be funded through a mix of internal accruals and debt.

“Our capex guidance remains broadly in line with earlier estimates,” Subbiah said. “We will continue to monitor leverage closely to ensure balance sheet strength.”

Standalone gross debt stood at INR 29.54 billion, with debt-to-EBITDA improving to 1.25 times.

EV, premiumisation and sustainability

CEAT maintained a strong position in electric vehicle tyres, with more than 30 per cent share in OEM passenger EV tyres and about 20 per cent in two-wheeler EVs. The company continues to invest in premium products, including larger rim-size, run-flat and ZR-rated tyres, to improve realisations.

On sustainability, CEAT announced a partnership with CleanMax to develop 59 MW of hybrid wind-solar capacity, targeting about 60 per cent renewable energy usage by FY27.

“Q3 closed on a strong note, supported by a robust product pipeline and improving customer confidence,” Banerjee said. “We remain focused on sustaining growth while maintaining margin discipline and investing for the long term.”

Himadri Speciality Chemical Ltd reported a sharp rise in profit for the quarter and nine months ended 31 December 2025, supported by margin expansion and accelerating investment across speciality carbon black capacity, export infrastructure and downstream materials.

The Kolkata-based speciality chemicals group said profit after tax for the nine months rose to INR 5.6 billion, exceeding the full-year profit recorded in FY25. Earnings before interest, tax, depreciation and amortisation increased to INR 7.3 billion, reflecting stronger operating leverage and a shift towards higher value-added products, despite softer revenue.

Revenue for the nine-month period stood at INR 33 billion, while total sales volumes increased by about three percent year on year to 428,572 tonnes. The company said its product mix remained focused on speciality and application-specific offerings, supporting profitability amid market volatility.

For the December quarter, consolidated EBITDA rose about 12 percent year on year to INR 2.5 billion, while profit after tax increased 36 percent to INR 1.9 billion, underlining continued margin improvement.

Investment-led expansion remains central to Himadri’s growth strategy. During the quarter, the company commenced trial production at its brownfield speciality carbon black expansion project at Mahistikry. Once fully operational, the project will increase total speciality carbon black capacity to 130,000 tonnes per annum, positioning Mahistikry as the world’s largest single-site facility for speciality carbon black. The project involves an estimated capital expenditure of INR 2.2 billion and is aimed at premium applications including plastics, inks, coatings and other niche segments.

Himadri also commissioned a high-temperature liquid coal tar pitch terminal at New Mangalore Port, creating a second export corridor alongside Haldia on India’s eastern coast. During the quarter, the company executed its first export shipment of 3,600 tonnes of liquid pitch to the Middle East. Management said the new terminal enhances logistics flexibility, reduces concentration risk and supports export-led growth in coal tar derivatives.

Beyond core expansions, the company continues to deploy capital across multiple growth platforms funded largely through internal accruals. These include forward integration into speciality chemicals such as anthraquinone and carbazole, with planned capital expenditure of INR 1.2 billion, as well as phased investments in lithium-ion battery materials, including a lithium iron phosphate cathode active material plant targeted for commissioning from FY27.

During the quarter ended 31 December 2025, upon receipt of INR 2.4 billion in balance consideration from promoters, Himadri allotted one crore equity shares to the promoters. Following the allotment, promoter shareholding increased to 52.5 per cent.

Commenting on the performance, Anurag Choudhary, Chairman and Managing Director, said the results reflected disciplined execution, operational efficiency and steady progress on strategic investments. He said the commissioning of new capacities marks the beginning of the company’s next phase of growth.