Yokohama Rubber completed the acquisition of all outstanding shares of Trelleborg Wheel Systems Holding AB (TWS), which manufactures off-highway tyres for agricultural and industrial machinery, from Trelleborg AB.
The acquisition was announced on 25 March 2022. From the second quarter of fiscal 2023, Yokohama Rubber’s consolidated accounts will include TWS, the estimated impact of which is currently under examination, said Yokohama Rubber. 
The Japanese tyre maker added that the TWS acquisition is part of Yokohama Rubber’s strategic initiatives to expand its OHT business, which is positioned as a future growth driver for the company’s commercial tire business under Yokohama Transformation 2023 (YX2023), the company’s medium-term management plan for FY2021–FY2023. Yokohama Rubber believes that, among commercial tyres, the OHT business can secure stably high earnings.
The acquisition will bring consumer tyre to commercial tyre sales composition of Yokohama Rubber’s tyre business in line with the global tyre market ratio of 1:1, from the current 2:1 ratio weighted toward consumer tyres. In addition, this acquisition will lead to further growth of Yokohama Rubber’s OHT business through synergies generated by the combined strengths of both companies in all areas, from the development of new products and services to manufacturing, sales, quality control, and sustainability.
Masataka Yamaishi, Yokohama Rubber President and Chairman of the Board said, “The acquisition fits perfectly with our medium-term management plan, YX2023. TWS’s wide range of products and brand portfolio, global sales and manufacturing footprint, service scheme, leading technology, and skilled people will enable us to consolidate our position among the top tire producers in the world, moving up in the rankings of the world’s largest tyre producers.” 
Peter Nilsson, Trelleborg AB President and CEO, said, “TWS has more than doubled in size during the past few years and substantially increased its profitability. Today the business is in great shape. There is an ongoing consolidation in the OHT sector, and TWS will be a valuable complement to Yokohama Rubber’s existing offering in multiple dimensions.”

Comments (0)

ADD COMMENT

Link Copied!

GRP Ltd, a leading manufacturer of reclaimed rubber, engineering plastics and repurposed polyolefins, has announced the retirement of Virendra Rathod, President of Marketing and Business Development, effective 31 March 2026. Following his retirement, Rathod will no longer be part of the company’s senior management personnel, said the company in its BSE filing.

During a board meeting held on 27 March 2026, the directors formally took note of Rathod’s retirement and recorded their appreciation for his valuable contributions throughout his service with GRP Ltd. His departure marks the conclusion of a significant chapter in the company’s marketing and business development functions.

In a separate leadership change, Jyoti Sancheti has resigned from her role as Company Secretary and Compliance Officer, effective from the close of business on 7 April 2026 to pursue external opportunities. Consequently, she will also step down from additional responsibilities, including Compliance Officer under the SEBI Prohibition of Insider Trading Regulations, Nodal Officer under IEPF rules and the authorised person for determining event materiality and stock exchange disclosures under SEBI Listing Regulations.

GRP Ltd has confirmed that the process to appoint a new Company Secretary is underway and will be completed within the prescribed timeframe.

Comments (0)

ADD COMMENT

Link Copied!

Niutech Environment Technology Corporation (Niutech), a China-based company specialising in continuous pyrolysis technology for recycling waste tyres, plastics and oil sludge, marked a major milestone on 24 March 2026 as its majority owned subsidiary, Shandong Hesheng Environment Technology Co., Ltd., broke ground on a significant expansion. This project will add 100,000 tonnes of annual tyre pyrolysis capacity, raising Hesheng’s total processing volume from 60,000 to 160,000 tonnes per year. With this increase, Hesheng becomes the world’s largest operation for collecting, processing and comprehensively utilising scrap tyres through pyrolysis technology.

At the heart of this expansion is Niutech’s latest generation of high capacity, continuous intelligent pyrolysis equipment, which delivers better performance in per unit output, system reliability and automation compared to conventional designs. These improvements are expected to reduce operating costs per tonne and strengthen the overall financial viability of the project. Solving the challenge of large scale, uninterrupted commercial pyrolysis has long been a central goal for the industry. This project proves Niutech’s progress not only in advanced equipment development but also in making continuous pyrolysis practical for widespread industrial use.

On the product quality side, Hesheng has drawn on Niutech’s research capabilities to steadily improve the consistency and performance of its pyrolytic outputs. The tyre derived oil has already earned international certifications, giving it access to demanding global markets. At the same time, through ongoing technical innovation, the pyrolysis carbon black is being upgraded towards standardised, higher value applications. These efforts directly address customer needs for uniform quality, reliable handling and strong application specific performance.

With the circular economy gaining speed worldwide, major tyre producers, chemical companies and material buyers are seeking greater volumes of high-grade pyrolysis oil and carbon black. Once the expanded facility is online, Hesheng will be equipped to meet that demand with stable, large-scale supply of dependable recycled materials. Niutech has also stated that it will continue using its public company strengths in technology and capital to drive further equipment upgrades and broader deployment of pyrolysis systems, supporting global waste tyre recycling and low carbon development.

Comments (0)

ADD COMMENT

Link Copied!

Sun Auto Network has expanded its footprint in Southern Indiana and the Greater Louisville market with Carmerica in Sellersburg, Indiana, officially becoming part of the network on 6 April 2026. This integration strengthens Sun Auto’s regional presence while bringing new resources to the local shop. Carmerica will retain its full range of automotive services, including tyre replacement, alignments, brake work, oil changes and preventative maintenance, ensuring that loyal customers continue receiving the same trusted care.

Under Sun Auto’s guidance, Carmerica now benefits from enhanced tools such as round the clock online appointment scheduling and digital vehicle inspections. These additions are backed by Sun Auto’s Driver Commitment, which emphasises clarity, confidence and genuine customer care. The acquisition reflects Sun Auto’s broader growth strategy of partnering with established operators in markets with strong long-term potential and easy customer access.

With over 575 locations nationwide, Sun Auto Network stands as one of the largest independent tyre and automotive service platforms in the country. By combining trusted local brands like Carmerica with the scale and support of a national organisation, Sun Auto continues to build a network rooted in both community reputation and operational excellence.

Rob Kingery, Regional Vice President, said, "This acquisition reflects a disciplined approach to expanding in high-opportunity regional markets where we can build density and deliver a consistent, high-quality experience. Sellersburg helps us deepen our presence in Southern Indiana and better support drivers throughout the Greater Louisville area."

Comments (0)

ADD COMMENT

Link Copied!

Apollo Tyres Ltd has announced two significant achievements underscoring its dedication to sustainability and responsible business practices. The company secured an improved EcoVadis Gold Rating, reaching the 98th percentile in FY26. Additionally, the Science Based Targets initiative (SBTi) has officially validated Apollo Tyres’ near-term and net-zero emissions reduction targets, marking a major step in its environmental journey.

These accomplishments highlight how Apollo Tyres continues to embed sustainability throughout its value chain while advancing its environmental, social and governance performance. The recognitions are not isolated but reflect steady, organisation-wide progress in aligning with global standards for responsible growth and climate action.

In its latest EcoVadis assessment for 2026, Apollo Tyres raised its overall score from 76 in 2025 to 84 in 2026, firmly staying within the Gold category. This improvement reflects intensified efforts in environmental stewardship, ethical governance, human rights practices and responsible sourcing across global operations. The company’s consistent benchmarking against international peers reinforces its position among leading organisations committed to continuous improvement and climate responsibility.

On climate targets, the SBTi validation confirms that Apollo Tyres’ greenhouse gas emission goals align with climate science. The company commits to net-zero emissions across its value chain by FY2050. Near-term, it aims to cut absolute scope 1 and 2 emissions by 58.8 percent by FY2035 from a FY2025 baseline, while reducing scope 3 emissions from key categories by 37.5 percent. Long-term, Apollo Tyres targets a 90 percent reduction in both scope 1, 2 and specified scope 3 emissions by FY2050.

Rajeev Kumar Sinha, Chief Manufacturing and Sustainability Officer, Apollo Tyres Ltd, said, “Achieving an improved EcoVadis Gold Rating and securing SBTi validation for our climate targets are significant milestones in our sustainability journey. These recognitions reflect our unwavering commitment to responsible growth and our determination to align with global climate goals. We remain focused on driving meaningful impact across our operations and value chain while collaborating with our partners and stakeholders to build a more sustainable and resilient future.”

Comments (0)

ADD COMMENT

Link Copied!