What kind of products does Uzer Makina offer to global tyre industry?

Uzer Makina has been serving top tyre makers all around the world with its tyre curing presses and molds since 1978. Our press product category consists of mechanical and hydraulic presses for all kinds of tyres; while mold category includes tread segments, sidewall plates, container mechanisms, AG molds and bladder molds.

Tell us about the evolution of the company as a global leader

The company was founded by Selahattin Uzuner and his nephew Bahattin Ertuğ. At first, the company was working for petrochemical industry in Turkey and later on started to make mold maintenance activities for various tyre companies in Kocaeli. First mold was manufactured 1984. Nearly 10 years later, Uzer Makina started to manufacture tyre curing presses again for plants in İzmit. In 2000, the plant was moved to Kartepe, Kocaeli, where it  is currently located. In 2004, first hydraulic tyre curing press is manufactured and in 2007 Uzer Makina designed, manufactured and internationally patented its popular product Floating Column Hydraulic Press. Until late 2000s, the company mostly served domestic market. After 2010, we started to supply a good amount of its products abroad as well. With an aggressive growth strategy, Uzer Makina invested in buildings, brand-new equipment, human resources and expanded production in last five years to become a global player in tyre curing equipment market. We now serve top tyre makers and their plants in more than 40 countries.

What is the latest step in your expansion process?

After doubling capacity in 2018 by separating press and mold factory, Uzer Makina has completed another expansion by June 2020. This new facility is entirely dedicated for pre-production activities, including storing steel raw materials, cutting, bending, construction, welding, sandblasting and heat treatment serving both for tyre curing press and mold categories which used to be a part of press manufacturing facility before. Uzer Makina also moved its HQ office from mold factory to press factory.

Investment decision was made at the end of 2019 by the top management before Covid-19 pandemic with the goal of decreasing the costs by decreasing the amount of manufacturing activities which are outsourced. Following this decision, Uzer Makina has acquired 9500 m² land just next to existing press manufacturing facility and finished 6500 m² building in less than 7 months.

Uzer Makina also has added brand-new pre-production equipment like heat treatment furnace, sandblasting machine and bending machine. With these new machinery investment, Uzer Makina is planning to decrease the cost per product and production time while increasing the total quality of the processes by taking these operations in house rather than outsourcing them.

This expansion enables Uzer Makina to better use the existing press manufacturing facility. Since pre-production occupied a good amount of space before leaving the building, remaining place is now used for press manufacturing and assembly. Therefore, Uzer Makina is able to manufacture more presses at the same time compared to previous set-up. Uzer Makina has also made machinery investments for existing press area as well including automated spray-painting booth for painting press bodies/parts and vertical turning machine with 3 meters turning diameter which would mainly be used for parts of bigger (over 85”) mechanical presses.            

What are the features of the new SUV & TBR Floating Column Hydraulic Press?

A new era for SUV & TBR tyre curing has begun as Uzer Makina announced the development of SUV & TBR version of its most popular and internationally patented Floating Column Type Hydraulic Press in the last Tyre Technology Expo. Uzer Makina dispatched the first 65” Floating Column Hydraulic Type Curing Press at the end of 2020. This new version outweighs the existing solution Frame Type which used to be the industry standard almost in every aspect. It offers a simpler design, the construction weights much less, has fewer components, maintenance requirements are lower and finally the energy requirement is lesser compared to Frame Type. Besides, most importantly, pricewise there is no significant difference between these two types.

On the other hand, tyre manufacturers will be able to benefit all the advantages of the internationally patented Floating Column Technology for curing of larger tyres. Floating Column Technology provides fully automatic mold height adjustment and therefore eliminates the need for conventional mold height adjustment systems. The technology features two squeezing cylinders under the columns on both sides of each cavity. The piston rods of these cylinders are directly connected to the columns. Besides applying squeezing force, these cylinders also change the position of the locking point, which is located on the columns for adjustment of mold height. Therefore, the press does not need multiple locking points and can work perfectly well with just one. Columns rise at the end of each cycle and release the locking plates from grooves, meaning the locking mechanism can work without jamming.

In addition to these, Uzer Makina is able to construct this new size Floating Column Type Hydraulic Press as V-Shape as well in order to save space. The V-Shape design enables tyre manufacturers to use the curing press area at least 12% more efficiently, in other words, tyre producers would be able to place 112 curing presses in an area that was previously large enough for 100 machines. This concept was developed by Uzer Makina engineers in response to the recent market demand for upgrading existing machines in tyre production plants.

On the other hand, Uzer Makina have been recently putting so much effort to increase energy efficiency on the presses and therefore help tyre manufacturers to comply with the latest European regulations. With this object in mind, Uzer Makina has developed “Energy Saver Steam Hoses” as a subsidiary product that would work both with Uzer Makina presses and others. With these hoses, one can save up to 5% energy per press which is equal huge amount of energy considering the fact that tyre curing is the most energy consumer process of tyre production. These hoses also prevent curing area from overheating. In case there is an effort to cool down the area, there is no need for it or at least it requires much less effort to keep the curing area at normal temperature.

Uzer Makina is not solely a tyre curing press and mold producer – the company also strives to improve the efficiency of the entire curing process. Uzer Makina places great emphasis on digitization and designs its presses to be fully compatible with Industry 4.0 requirements such as EMS, AGV, SCADA, MES and ERP systems. In addition, the company conducts its own research and also works with leading industry companies to offer solutions such as mold pre-heating presses, mold changing pickup cranes and RFID mold management systems – to help tyre manufacturers achieve the most efficient curing processes.

How did the company take on the pandemic?

Even though pandemic conditions were very challenging for tyre industry especially in terms of demand last year, 2021 is very promising also for Uzer Makina. There are many reasons for this: firstly, because of US tariffs against Asian tyre makers, Turkey & Eastern Europe has become a very attractive country for capacity increase for tyre production. Almost all tyre makers in Turkey runs at full capacity and some of them already is expanding. Secondly, there has been a global change in transportation as many people now prefers to move more individually than ever, this probably will eventually affect the number of tyres produced globally. Uzer Makina started to feel this rebound in the demand as many existing customers has decided to restart their previously on hold orders and requesting inquiries for new equipment, and it is also a known fact that quite a few tyre makers are making new greenfield & expansion projects. As Uzer Makina continues to improve its reputation in the market year by year, this rebound will have much more positive effect on the company.

In the pandemic period, like all other companies, Uzer Makina also had to transform the way to operate business into more digital. Now in Uzer Makina, all internal meetings are video meetings. Since travelling abroad is still an issue, nearly all the meetings with customers and suppliers are done via video calls too. Uzer Makina enriched the content of the installation and commissioning materials and provided remote support in order to help the customers which cannot accept people to their plants because of travelling bans. (TT)

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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.”

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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.

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In a major step to advance its global manufacturing footprint, China’s Triangle Tyre has unveiled plans for a new facility in Cambodia. The company will invest CNY 3,219 billion (approximately USD 462 million) to construct a tyre plant in Svay Rieng Province, with construction slated to commence in March 2026. This project represents a cornerstone of the firm’s international expansion strategy and a deepening engagement with the Belt and Road Initiative.

The future facility is designed to produce six million high-performance passenger car tyres and one million commercial vehicle tyres annually. It will employ proprietary manufacturing technologies developed by Triangle Tyre. Output from the Cambodian plant is primarily destined for key international markets, including North America, Europe, the Middle East, Africa and Southeast Asia.

Establishing a local, wholly-owned subsidiary will facilitate the project's implementation and ongoing operations. Company officials position the investment as a strategic move to optimize global supply chain and sales networks while enhancing overall market competitiveness. Financial projections indicate the project is expected to generate average annual revenues of approximately CNY 2,585 billion (approximately USD 371 million) upon reaching full production, with an estimated investment return rate of 15.1 percent.

This overseas capacity expansion is viewed as a direct response to China’s ‘Go Global’ policy. It aims to secure new market opportunities and sustainable profit growth, thereby strengthening the company’s position for long-term development in the global tyre industry.

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Hankook Tire commences its second year as the exclusive tyre supplier for all classes of the FIA World Rally Championship (WRC), beginning with the iconic Rallye Monte-Carlo from 22 to 25 January. This 94th edition of the legendary event, covering 339 kilometres across 17 special stages in Monaco and France, is renowned for its unpredictable Alpine conditions. The challenge of rapidly changing surfaces, from tarmac to snow and ice, makes tire selection and performance absolutely critical to competitive success.

For this demanding opener, Hankook will provide its advanced Ventus Z215 tarmac tyre, engineered for precise handling and cornering stability on dry roads. To tackle winter conditions, the company will supply its Winter i*cept SR20, available in both studded and non-studded versions to ensure exceptional traction and control on snow and ice. These products incorporate the brand's latest motorsport technology, developed in collaboration with participating manufacturers to meet the championship's rigorous demands.

Beyond the technical partnership, Hankook plans to enhance its fan engagement throughout the 2026 season. Initiatives include operating ‘Brand World’ marketing booths at service parks for events like the Croatia Rally and Vodafone Rally de Portugal, alongside hosting ‘Stage Hospitality’ at select regional rallies. These efforts are designed to offer unique brand experiences to spectators and partners, solidifying Hankook's premium global image. The company will also leverage its official digital channels to share real-time updates and rally content with a worldwide audience.

The 2026 WRC calendar comprises 14 rounds spanning Europe, Africa, South America and Asia. Having established its technological leadership since becoming the exclusive supplier in 2025, Hankook aims to build on its proven record of consistent performance under extreme conditions, supporting another fiercely competitive championship.

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