CEAT Limited has approved an investment of up to INR 36.1 million in its wholly owned subsidiary Tyresnmore Online Private Limited through a rights issue of equity shares.

The investment will be made through the subscription of 29,575 equity shares, the company said in a regulatory filing.

Tyresnmore Online Private Limited, a private company incorporated in June 2014 and headquartered in New Delhi, reported a turnover of INR 322.6 M for the year ended March 31 2025. The business operates in the auto ancillary sector, selling automotive tyres and accessories and providing services including installation, wheel balancing and wheel alignment.

CEAT said the transaction qualifies as a related-party transaction under applicable regulations but will be conducted at arm’s length. Apart from Tyresnmore being a wholly owned subsidiary, the promoter group of CEAT has no interest in the entity or the transaction.

Following the investment, CEAT’s shareholding in Tyresnmore will remain unchanged at 100 percent. The consideration will be paid in cash through normal banking channels.

The company expects the equity shares to be allotted by Tyresnmore no later than 16 February  2026. No governmental or regulatory approvals are required for the transaction, CEAT said.

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Finorchem Limited, a notable player in the speciality chemicals sector, has announced a key leadership appointment aimed at strengthening its operational and technological capabilities. The company has named R B Vishwanath as the Business Head – Manufacturing & Technology, based at its Kolkata Head Office.

This strategic move brings over four decades of chemical process industry expertise to Finorchem, with a particular emphasis on the rubber chemicals segment where Vishwanath has contributed for more than 20 years. The appointment signals Finorchem's commitment to advancing its manufacturing excellence and technological innovation.

Vishwanath is a graduate of the University of Madras with professional training in Chemical Technology. He further honed his leadership skills by completing a Post Graduate Program in Chief Operating Officer from the University of Kent's Kent Business School, in collaboration with the Indian Institute of Management, Visakhapatnam (IIM-V).

His distinguished career began in 1986 at Parke Davis in the Process Development Lab. He later spent 15 impactful years at Resonance Specialties, rising to the position of General Manager – Operations. In this role, he was instrumental in piloting, commissioning, and managing advanced vapour phase catalytic continuous flow production units for Pyridines and higher homologous Pyridines.

Subsequent senior roles saw him drive operational excellence at Arch Pharmalabs Ltd. as Assistant Vice President – Operations, overseeing the manufacture of sophisticated products including lipid-lowering intermediates, BOC products using Diazomethane and organophosphorus chemicals. His journey in rubber chemicals deepened significantly from 2003 onwards with a pivotal stint at Merchem Limited, before he brought his expertise to Finorchem as Vice President & Site Head.

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Kraton Corporation, a leading global producer of speciality polymers and high-value bio-based chemicals derived from pine wood pulping co-products, has named Sangwoo Ryu as its new Chief Executive Officer. Ryu possesses over 25 years of leadership in finance and operations within international markets. He is currently the CEO of Cariflex Pte Ltd, a former Kraton spin-off now under DL Chemical, where he initially served as Chief Financial Officer starting in February 2020. He assumed the Cariflex CEO role in April 2025 following the promotion of its former CEO, Prakash Kolluri, to President of Kraton's Polymer business.

Ryu’s deep expertise in financial strategy, investment controls and operational planning is expected to strengthen Kraton’s standing as a reliable leader in global Pine Chemical and Polymers markets. In his new position, he will collaborate with Kraton’s Executive Leadership, Board of Directors and Cariflex Leadership to guide strategic decisions and operational excellence, reinforcing the company’s commitment to sustained growth and organisational stability.

Ryu said, “I want to express my gratitude towards the members of the Board of Directors and the Kraton Leadership Team for their unwavering dedication to Kraton’s success. I’m looking forward to leading Kraton into the next era of excellence, building upon the strong foundations and principles set forth in our vision and values.”

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As part of its strategic growth into Central Europe, FORNNAX TECHNOLOGY, a global leader in recycling equipment manufacturing, has established a new sales partnership in Germany. The company has appointed industry veteran Dieter Jerschl as its representative for the region to drive the promotion and implementation of its recycling systems. Jerschl’s extensive expertise, built over two decades with prominent firms like BHS, Eldan and Vecoplan, encompasses a deep understanding of diverse waste streams such as tyre, cable, municipal solid waste and e-waste.

This collaboration, initially targeting Germany, Austria and adjacent countries, is designed to be flexible and scalable. Its primary aim is to cultivate a strong project pipeline and solidify FORNNAX’s regional footprint. The partnership extends beyond sales to include comprehensive technical support, with Jerschl’s team providing vital value-added services like installation, maintenance and spare parts assistance. This local service framework is intended to ensure efficient project execution, minimise operational downtime and elevate customer satisfaction.

By leveraging Jerschl’s profound market insight and established networks, FORNNAX seeks to accelerate the adoption of its high-performance shredding and pre-processing technologies. The move underscores the company’s global strategy of embedding local expertise within key markets, which it deems crucial for developing technically sound solutions tailored to specific regional waste challenges. This initiative reinforces FORNNAX’s dedication to innovation and environmental stewardship, advancing its mission to deliver sustainable recycling solutions worldwide.

Jerschl said, “I’ve known FORNNAX for over a decade and have followed their growth closely. What attracted me to this collaboration is their state-of-the-art technology; it is powerful, sustainable, and economically viable. There is great potential to introduce FORNNAX’s innovative systems to more markets across Europe, and I am excited to be part of that journey. We are committed to increasing market awareness and establishing new reference projects across the region. My goal is not only to generate business but to lay the foundation for long-term growth. Ideally, we aim to establish a dedicated FORNNAX legal entity or operational site in Germany over the next five to 10 years.”

Jignesh Kundaria, Director and CEO, FORNNAX, said, “We see tremendous potential in the Central European market. Partnering with someone as experienced and well established as Jerschl gives us a strong foothold and allows us to better serve our customers. This marks a major milestone in our efforts to promote reliable, efficient and future-ready recycling solutions globally.”

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Dr Gerard Nijman of KraussMaffei Extrusion has been selected as the 2026 recipient of the prestigious Fernley H. Banbury Award, one of the rubber industry’s highest international honours, presented by the Rubber Division of the American Chemical Society (ACS). This award annually recognises outstanding scientific and technological contributions to the field.

The award commemorates the inventor of the internal mixer and highlights sustainable innovations in production technology, instrumentation, process control and the development of processing methods for rubber and similar materials. Dr Nijman’s career exemplifies such innovation, having significantly advanced rubber rheology, pioneered new mixing and multiplex extrusion technologies and modernised the production of silica compounds for the tyre industry.

His work has effectively bridged the gap between scientific research and industrial application. Notably, in the 1990s at Vredestein, he introduced novel mixing technologies and multiplex extrusion to tyre manufacturing. He also contributed to pioneering processes for silica compound processing, foundational to technologies like Michelin’s ‘Green Tyre’. Furthermore, his rheology-based designs for extruder screws and flow channels have helped shape enduring industrial standards.

Dr Nijman, who joined KraussMaffei Extrusion in 2017, brings decades of expertise from previous roles at Apollo Tyres Ltd and Vredestein Banden BV. His ongoing collaborations with the German Institute for Rubber Technology (DIK) and the University of Twente have also profoundly influenced his approach. KraussMaffei Extrusion itself is globally recognised for its tyre technology, building on longstanding Berstorff expertise to deliver advanced extrusion solutions for treads, sidewalls, innerliners and other components, as well as high-performance multiplex and calender systems.

The award acknowledges not only his specific technical achievements but also his distinguished career and lasting impact on rubber processing. The official presentation will be held in September 2026 during the Global Polymer Summit in Louisville, Kentucky, US.

Dr Nijman said, “It is a great honour for me to receive the Fernley H. Banbury Award. This recognition confirms the importance of the close connection between research and industrial practice in rubber processing and motivates me to continue to drive forward innovative solutions for our industry.”

Ralf Benack, Managing Director, KraussMaffei Extrusion, said, "We warmly congratulate Dr Nijman on this outstanding award. With his in-depth knowledge, many years of experience and tireless dedication, he has had a decisive influence on the rubber and tyre industry and has further developed our technologies in a targeted manner. This recognition is more than deserved. We are very proud to have Dr Nijman in our team!"

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