Bansal Wire Industries (BWIL)  unveiled its largest manufacturing facility in Dadri, bolstering India’s push to expand its manufacturing and infrastructure sectors. The 37-acre plant increases BWIL’s total manufacturing sites to five, with one in Bahadurgarh and three in Ghaziabad. The company’s production capacity has risen to 6 million metric tonnes per annum from 2.4 million tonnes previously.

The advanced facility produces specialised wires for diverse sectors, including agriculture, automotive, construction, power transmission, and general engineering. For the automotive industry, the plant manufactures steel wires, hose wires, and low-relaxation pre-stressed concrete steel strands used in bullet trains and metro systems.

The Dadri operation integrates industrial-scale processes with sustainability practices, including rainwater harvesting, solar power generation, acid-free wire cleaning and energy-efficient machinery. An on-site effluent treatment plant and landscaped areas are also featured. A new section for speciality wires was added this quarter, with IT/OT (Internal/Outer) wires coming soon.

Manufacturing Capabilities

The plant produces high-carbon steel wire, valued for its wear resistance and strength, making it suitable for door panels, vehicle frames, bushings, springs, and other automotive components. The facility also manufactures bead wire, a low-carbon wire with properties including weldability, ductility, high strength, fatigue resistance, adhesion to rubber, and malleability. Visible at the edge of a tyre, bead wire secures the tyre to the rim. Some wires receive zinc coating to increase corrosion resistance.

The bead wire production process follows multiple stages: procuring high-carbon steel rods, drawing high-tensile steel wire, passing through a lead bath, washing in an HCL tank, drying via heat treatment, applying zinc and copper coatings to form brass, wiping excess coating, cooling with chemical additives, collecting the wires and reducing them to thin filaments for those wires.

Each wire is drawn differently based on customer requirements before passing through Chinese and Indian furnaces. A 30-metre furnace operating at 980-1000°C restores wire properties after initial processing. After cleaning the HCL tank, zinc and copper coatings are applied. The chemical and subsequent stages occur in air-conditioned environments to maintain wire properties during separation into filaments. The 0.2mm filaments are combined to achieve 1.6-2.4mm thicknesses for commercial and TBR (Truck, Bus, and Radial) tyres.

The Dadri plant also produces hose wires and steel cords that enhance tyre strength, performance and stability. Additionally, it manufactures stainless steel wires that provide aesthetic appearance, corrosion and staining resistance, and low maintenance costs for automotive applications.

Business Performance

As a diversified wire manufacturer, BWIL reports 89 percent client retention and 20-25 percent year-on-year sales growth. Exports constitute 10-15 percent of total sales, with 75 percent destined for US and European markets. Pranav Bansal noted that despite China’s dominance in steel exports, India shows "tremendous positivity” for steel and stainless-steel wires.

He dismissed concerns about US reciprocal tariffs, explaining that with exports limited to 10 percent, the company maintains growth above 20 percent. BWIL’s revenue increased 52 percent in Q3FY25, and profits rose 171 percent.

Regarding price fluctuation, Pravin Bansal said, “We follow a cost + business model at BWIL. While the prices of steel change every month, the prices of stainless steel undergo change daily. The prices are revised as soon as there is a change, ensuring that there is no lag across 90 percent of products.”

He added, "Business works on quantity terms, not on revenue. Instead, revenue is a function of raw materials, and we’ve never given too much attention to the former.” However, he acknowledged that some automotive product prices fluctuate quarterly, creating a lag for products like bead wires and suspension spring wires, with costs passed on in subsequent quarters.

Expansion Plans

Pranav Bansal outlined the company's growth strategy: "Our business model is such that we can keep investing as per the needs of our customers. We don't need to wait for a specific capacity to be established before commencing business; we can expand on a to-go basis.”

For FY26, BWIL plans a 42-acre Sanand, Gujarat plant focused on low carbon and stainless steel wires. The INR 800-900 million facility will include 0.18 million tonnes of backward integration capacity and 60,000 tonnes of new wire production.

Currently serving 5,000 customers with 4,000 SKUs, BWIL's long-term strategy involves developing products with zero price fluctuation, which Pranav Bansal describes as "most helpful for the company’s supply chain cycle."

The company contributes to India's electric vehicle sector, which recorded sales of 1.94 million units by end-2024, with Tata Motors leading the market. BWIL's steel cords and specialised wires offer high tensile strength with reduced weight for EV applications. The company also produces copper-coated and aluminium-stranded wires for electric vehicles.

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The Association of Natural Rubber Producing Countries (ANRPC) published its Monthly Natural Rubber Statistical Report for August 2026, noting firmer prices in several markets. Supply constraints, stable downstream demand and persistent geopolitical and macroeconomic uncertainty shaped the month. Renewed conflict and disruptions to major shipping routes added further pressure.

Physical prices for major grades moved in different directions. SMR-20 in Kuala Lumpur averaged USD 2.31 per kg, up 4.25 percent from July, while STR-20 in Bangkok rose 1.40 percent to USD 2.39 per kg. RSS-3 dropped 4.18 percent to USD 2.80 per kg, but RSS-4 in Kottayam gained 0.57 percent to USD 2.92 per kg. Latex-in-bulk fell 4.73 percent to USD 1.73 per kg. Brent crude averaged USD 91.08 per barrel, driven by concerns over possible restrictions on oil shipments through the Strait of Hormuz and wider Middle East instability, which raised energy supply risks and strengthened the oil market risk premium.

On trade, China's imports climbed 3.39 percent month-on-month, while India fell 10.18 percent and Malaysia dropped 8.24 percent; Viet Nam rose 5.08 percent. Exports advanced 5.63 percent in Viet Nam but declined in Thailand (-5.24 percent), Indonesia (-5.36 percent), Malaysia (-1.48 percent) and Cambodia (-1.88 percent).

Global production is projected to rise 0.6 percent to 15.039 million tons in 2026 from 14.952 million tonnes in 2025, after revisions to Thailand's 2025 output and updated 2026 estimates for Thailand, Malaysia and Indonesia. Weather, including erratic rainfall and drier Southeast Asian conditions, affected output. August 2026 production was estimated at 1.396 million tonnes, down 4.51 percent from 1.462 million tonnes a year earlier. Demand is forecast to grow 0.4 percent to 15.356 million tonnes in 2026 from 15.301 million tonnes, with the largest consumption gains expected in China, Malaysia and Cambodia. Prospects depend on vehicle sales, tyre production, shipping conditions and weather-related supply disruptions, while steady EV-linked demand supported modest growth led by China and India. The ringgit traded between RM4.02 per USD and RM4.09 per USD, and the baht between 32.68 and 33.34. The SHFE January 2027 contract averaged 18,109 CNY per tonne, up 7.78 percent month-on-month, while the SGX November 2026 contract averaged USD 2.24 per kg, up 4.32 percent.

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HS HYOSUNG has formalised a memorandum of understanding (MoU) with the State Government of San Luis Potosí, with the signing taking place at the World Trade Center Mexico City. The event formed part of the Korea-Mexico Business Forum, held alongside the Korean economic delegation's visit to Mexico.

Attending officials included Marcelo Ebrard, Mexico's Secretary of Economy, and Mario García Valdez, Secretary of Economic Development of San Luis Potosí. The two sides confirmed their shared resolve to back the company's local investment and regional growth. Separately, HS HYOSUNG's leadership met bilaterally with Secretary Ebrard to elaborate on its strategic vision and investment plans.

The agreement sets out a phased expansion of HS HYOSUNG's investments in San Luis Potosí beginning in 2027, with the goal of creating a major advanced materials production hub that bolsters supply for North American and wider global markets. The company's advanced materials span tyre cord, a flagship world-leading product, along with mobility, energy, aerospace and defence applications. Its North American operations, spanning Mexico and the United States, turn out tyre cord, airbag materials and mobility interior components for global leaders such as General Motors and Goodyear, underpinned by a highly dependable global supply chain.

Nak-yang Sung, CEO, HS HYOSUNG ADVANCED MATERIALS, said, “This investment goes beyond establishing a simple manufacturing base – it reflects our strategy to turn Mexico into a pivotal hub connecting North America with global supply networks. We are also committed to strengthening local supply chains and creating high-quality jobs to contribute directly to the region's industrial ecosystem.”

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Kumho Petrochemical Group is steering its business towards research-driven, higher-value outputs as oversupply and soft demand continue to weigh on the worldwide petrochemical sector. The Seoul-based group outlined plans to boost spending on speciality chemicals, sustainable materials and novel production methods, a push intended to lift profits while building a foundation for future expansion.

Underlying the move is a deliberate evolution in the group's identity, from a bulk materials vendor to a provider of technology-backed solutions that address shifting customer requirements and stricter environmental rules. A central element of that effort involves widening the speciality lineup, exemplified by added capacity for solution styrene butadiene rubber, a synthetic rubber that enhances durability, rolling resistance and tread wear in high-performance electric vehicle tyres.

Environmental initiatives form another pillar. Facilities built by the company can trap approximately 76,000 metric tonnes of carbon dioxide each year, while separately developed technology turns recycled acrylonitrile butadiene styrene sourced from scrapped household appliances into automotive-grade interior components that satisfy performance standards and generate fewer emissions than conventional methods. The group has also joined forces with POSCO Future M and BEI on anode-free lithium-metal battery development.

Parallel technology-focused programmes are underway at affiliated units. Kumho P&B Chemicals is formulating water-based epoxy resins that curb volatile organic compound releases while incorporating more bio-based inputs to reduce carbon intensity. Kumho Mitsui Chemicals is advancing bio-based polyurethane systems and electric vehicle materials, alongside debottlenecking work to add 100,000 tonnes of annual methylene diphenyl diisocyanate capacity. Kumho Polychem, meanwhile, is targeting ethylene propylene diene monomer through low-temperature polymerisation paired with energy-efficiency improvements.

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Birla Carbon has confirmed a price increase of up to 15 percent for its Speciality Materials products across Asia, scheduled to take effect on 1 October 2026. The company pointed to significant and sustained rises in feedstock costs, driven partly by ongoing geopolitical instability and disruptions in global feedstock markets, as the reason behind the adjustment.

Although Birla Carbon pursued operational efficiencies, supply chain optimisation and disciplined cost management to soften the impact, the scale and persistence of the cost escalation left a price adjustment unavoidable. The company's sales teams will engage customers directly to explain the details and help them navigate the transition.

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