TVS Srichakra Subsidiary Invests INR 600 Mln In Sensing Solutions Unit
- By TT News
- August 19, 2025
TVS Srichakra Limited said that its wholly-owned subsidiary has invested nearly INR 600 million in another group company to support working capital requirements and expansion plans.
TVS Srichakra Investments Limited (TSIL) subscribed to 214,285 equity shares of TVS Sensing Solution Private Limited (TVSSSPL) at 280 rupees per share, including a premium of 270 rupees over the face value of 10 rupees, the tyre manufacturer said in a regulatory filing.
The investment of INR 599 million was made through a rights issue, with TSIL maintaining its existing shareholding percentage in TVSSSPL following the transaction.
“The proceeds from the rights issue will be utilised by TVSSSPL to improve upon efficient working capital management and to support its growth plans,” TVS Srichakra said in its disclosure to stock exchanges.
TVSSSPL, incorporated in December 1993, manufactures electrical switches, electrical apparatus and related components, serving automotive, industrial, consumer durables and information technology segments.
The sensing solutions company has shown steady revenue growth over the past three financial years, with turnover rising to 15.7 billion rupees in fiscal 2025 from 12.1 billion rupees in fiscal 2023, according to the filing.
The company has an authorised capital of INR 500 million and issued capital of approximately INR 211.7 million, comprising 21.16 million equity shares of 10 rupees each.
TVS Srichakra, part of the Chennai-based TVS Group, is primarily engaged in manufacturing tyres and operates from its facility in Madurai, Tamil Nadu.
Bridgestone Announces Executive Leadership Changes For West Region
- By TT News
- May 15, 2026
Bridgestone has announced executive leadership changes for its West region (Americas, Europe, the Middle East, and Africa), effective 1 May 2026. Scott Damon continues as West CEO, Robert Johnson has been appointed Group President of North America and Wade Sempkowski succeeds Johnson as West Chief Financial Officer.
The company is decoupling the roles of West CEO and Group President of North America to provide clearer scope and focus for its business goals. In his new position, Johnson will assume leadership of North America Core Tire and hold end-to-end ownership and accountability for the full North America profit and loss.
Johnson joined Bridgestone in 2016 as Executive Director of Finance for Bridgestone Retail Operations and later became Vice President of Finance for the Americas Tire Group and Vice President of Stores for Bridgestone Retail Operations. He was named West CFO in May 2024. Before Bridgestone, he held senior finance and operations roles at Advance Auto Parts, Best Buy and Lifepoint Health, earning a finance degree from Belmont University and an MBA from the University of St. Thomas.
Wade Sempkowski
Sempkowski started at Bridgestone Americas in 2019 as Director of FP&A, later becoming Vice President of Finance in 2022 while also serving on the TireHub Board of Directors. His prior experience includes sales analytics and finance roles at Mars Petcare and Southern Land Company, and he holds a bachelor’s degree from the University of Tennessee and an MBA from Vanderbilt University.
Scott Damon, Bridgestone West CEO, said, “Robert and Wade are experienced leaders with a strong understanding of our business, our customers and the priorities ahead. Robert brings a powerful combination of financial, operational and customer-facing leadership to the North America region, and Wade brings deep finance expertise to the West CFO role.”
Yokohama Rubber To Invest $245 Million To Build New Tyre Plants In India And Mexico
- By TT News
- May 15, 2026
Japanese tyre and rubber major Yokohama Rubber Co, has announced plans to construct two new manufacturing facilities for mining and construction machinery tyres in India and Mexico.
These plants will facilitate the transfer of off-the-road (OTR) tyre production acquired from The Goodyear Tire & Rubber Company in February 2025. The company also intends to install equipment at these sites to increase production capacity for ultra-large OTR tyres.
Yokohama Rubber will build a greenfield plant in Odisha, India, representing a capital investment of USD130 million. The facility is designed for an annual production capacity of 9,150 tonnes. Construction is set to commence in Q3 of CY2026, with production expected to start by Q3 of CY2028. This site will assume production currently outsourced to Goodyear facilities in Europe and the United States.
A new brownfield plant will be established in Mexico as a Phase 2 expansion of an existing passenger car tyre plant site. This facility will require a capital expenditure of USD 115 million and will have an annual capacity of 10,650 tonnes. Construction is scheduled for Q3 of CY2026, and production is planned to begin in Q2 of CY2028.
The company is also transferring OTR tyre production from Goodyear plants to a site in Romania acquired in May 2025, as well as to existing factories in Japan, the Czech Republic, and India.
These investments are central to the ‘Yokohama Transformation 2026’ (YX2026) management plan, which aims for significant growth through strategic acquisitions and production network enhancements. By expanding its capacity across all off-highway tyre (OHT) categories, Yokohama Rubber seeks to improve its global market position and corporate value.
CAMSO Construction Appoints Andreas Lüllau As Area Sales Manager For DACH Region
- By TT News
- May 15, 2026
CAMSO Construction has announced the appointment of Andreas Lüllau as Area Sales Manager for the DACH region. His career in industrial and construction tyres began in 2007 at Industriereifen Kontor Lüdtke, where he developed extensive industry experience. The company stated that his strong background adds valuable expertise and a solid understanding of the DACH market. CAMSO Construction looks forward to his contributions in strengthening the company’s regional presence and partnerships.
The company statement read: “His career in industrial and construction tires began in 2007 at Industriereifen Kontor Lüdtke, and since then, he has built extensive experience across the industry. This strong background adds valuable depth to the expertise he brings to the team, along with a solid understanding of the DACH region. We look forward to the contribution he will make in strengthening our presence and partnerships in the market. Welcome to CAMSO Construction, Andreas!”
Anthony Sbona Named Territory Sales Manager For Radar Tires In North America
- By TT News
- May 14, 2026
Radar Tires has named Anthony Sbona as Territory Sales Manager for its Radar brand in North America. Entering the tyre industry in 2018, Sbona quickly established a strong foundation in sales and customer relationship management, later expanding his expertise across distribution channels and gaining a deep market understanding. His career progression reflects consistent growth and adaptability in a competitive sector.
Known for building relationships and driving results, Sbona now brings a fresh perspective and solid industry experience to the team. His new role focuses on expanding the Radar brand’s reach, strengthening distributor partnerships and accelerating growth across his assigned territory, positioning the company for sustained regional success.
Rob Montasser, Vice President for Radar Tires North America, said, “We’re excited to welcome Anthony to the Radar Tires team. Anthony’s experience gives him a strong understanding of the market and his region, and we’re confident he will play a key role in continuing to grow our presence across North America.”
Sbona said, “I’m excited to be part of the rapidly expanding Radar Tires team. I look forward to building strong partnerships, growing the brand, and contributing to the continued success of Radar Tires.”
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