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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HS HYOSUNG ADVANCED MATERIALS has completed and commenced operation of a 17.5-MWp rooftop solar power installation at its facility in Vietnam’s Nhon Trach Industrial Park, located within Dong Nai Province. This marks a significant step in the company’s broader effort to reshape its Vietnam operations – its largest global manufacturing base for tyre cords and technical yarns – into what it terms a ‘Smart Green Factory’. By merging renewable energy infrastructure with digital energy management systems, developed in partnership with the energy IT specialist Nuriflex, the firm is positioning this site at the forefront of its transition towards becoming a global eco-friendly manufacturing hub.

A key element of this transformation is the deployment of an Internet of Things based energy management system, which allows for real-time oversight of electricity generation and equipment performance. This digital layer not only streamlines operational efficiency but also contributes to greater equipment reliability and overall productivity gains, ensuring that the integration of renewable energy delivers tangible improvements beyond simple power generation.

With further solar installations set to be completed by August, total rooftop capacity at the Nhon Trach site will reach 37.5 MWp. Once fully operational in the latter half of the year, HS HYOSUNG ADVANCED MATERIALS anticipates annual electricity cost savings exceeding KRW 6 billion (approximately USD 3.94 million), bolstering its cost competitiveness. The expansion is also expected to deliver meaningful reductions in greenhouse gas emissions, reinforcing the company’s long-term commitment to sustainable management practices.

Through advanced energy IoT solutions, the Vietnam subsidiary now systematically manages carbon reduction data generated from its solar power operations. This capability enables a more structured response to rising demands from major global customers – including Michelin, Bridgestone, Goodyear, Continental and Pirelli – for verified renewable energy usage and carbon emissions information. By strengthening its ESG performance across the supply chain, the company is leveraging its solar infrastructure and smart energy management not merely as facility investments but as strategic tools to enhance environmental responsibility and competitiveness in a market where sustainable value chains are increasingly essential.

“Starting with our Vietnam production base, we are simultaneously promoting renewable energy transition and energy efficiency improvements across our operations. By expanding solar power facilities, we will strengthen both cost competitiveness and ESG capabilities while proactively responding to the evolving requirements of our global customers,” said an official from HS HYOSUNG ADVANCED MATERIALS.

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The Association of Natural Rubber Producing Countries (ANRPC) has released its Monthly NR Statistical Report for February 2026, detailing a period of significant market activity influenced by geopolitical tensions, macroeconomic changes and shifting supply-demand dynamics within the global natural rubber sector.

As per the report, global natural rubber production for 2026 is forecast to reach 15.324 million tonnes, a 2.2 percent increase from the 14.996 million tonnes recorded in 2025. February output alone is projected at 994,000 tonnes, marking a 3.4 percent year-on-year rise due to favourable weather and higher rubber prices. Despite this overall growth, production trends vary among member nations. While Thailand is expected to remain the top producer, Indonesia and Vietnam face short-term constraints from structural and agronomic issues. Meanwhile, Malaysia is advancing efforts to restore abandoned plantations, with the Rubber Production Incentive activated in Sarawak and Sabah and the Malaysian Rubber Board targeting the rehabilitation of 4,137 hectares of idle land in 2026.

Physical and futures markets saw notable price increases across major grades in February. In Kuala Lumpur, SMR-20 averaged USD 2.01 per kilogramme, a 5.13 percent monthly gain, while STR-20 in Bangkok rose 5.12 percent to USD 2.11 per kilogramme. Sheet rubber grades also strengthened, with RSS-3 increasing 7.84 percent to USD 2.35 per kilogramme and RSS-4 in Kottayam surging 10.38 percent to USD 2.34 per kilogramme. Centrifuged latex in Kuala Lumpur closed the month at USD 1.61 per kilogramme. Futures mirrored this firming trend, as the Shanghai Futures Exchange May 2026 contract averaged roughly 16,508 CNY (approximately USD 2,388) per tonne and the SGX contract averaged USD 1.92 per kilogramme, supported by strong demand and tightening supply expectations ahead of the seasonal low-yield period from February to May.

Crude oil volatility added further complexity, with Brent averaging USD 70.89 per barrel in February – up 6.43 percent from January – before spiking to approximately USD 104 per barrel in early March following military actions in the Middle East and the closure of the Strait of Hormuz, a conduit for nearly 20 percent of global oil supply. This has introduced a risk premium with implications for synthetic rubber competitiveness and natural rubber demand. Currency shifts also play a role, as the Malaysian Ringgit appreciated modestly to 3.89 MYR per USD and the Thai Baht strengthened to around 31.08 THB per USD by late February, affecting trade competitiveness. Looking ahead, rising automotive production, especially of new energy vehicles in China, India and Southeast Asia, is expected to sustain demand and support prices. However, risks persist from US-China trade tensions, Middle East geopolitical instability, weather uncertainties during the low-yield season and currency fluctuations tied to US monetary policy, all of which could disrupt supply chains and export revenues.

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Tokyo Zairyo Co., Ltd., a wholly owned subsidiary of Zeon Corporation, marked a significant milestone in November 2025 by establishing a new branch office in Chennai, Tamil Nadu, India. Following the completion of all necessary preparations, this location has now commenced full-scale operations. The move represents a deliberate effort to broaden the company’s commercial reach across the Indian market while simultaneously constructing an organizational structure capable of responding with greater agility to the evolving and increasingly diverse requirements of its customers.

This southern expansion comes approximately 15 years after the company first established its Indian subsidiary, Tokyo Zairyo (India) Pvt. Ltd., with an office in Gurugram, Haryana, in 2011. By positioning a second office in Chennai, the firm now operates a coordinated network spanning the northern and southern regions of the country. Close collaboration between the two locations is intended to strengthen information services and enhance user support, leveraging both internal capabilities and external partnerships to better serve Japanese automotive parts manufacturers and processors operating throughout India.

Through this dual-office structure, Tokyo Zairyo is poised to advance its core business of purchasing and selling a broad spectrum of materials, including rubber, resins and elastomers. The synchronised operations in Gurugram and Chennai enable the company to deliver more responsive support, ensuring that clients across the Indian automotive supply chain benefit from efficient service and a reliable supply of essential materials.

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Kuraray Co., Ltd. has announced a comprehensive global price adjustment for its portfolio of Liquid Rubber products and ISOBAM alkaline water-soluble polymer. These changes, which are set to take effect on 16 April 2026, will see prices rise by at least USD 2 per kg.

The driving forces behind these significant pricing actions are multifaceted, rooted in substantial disruptions to global supply chains. These disruptions are largely attributed to the ongoing conflict in the Middle East, which has had a cascading effect on logistics. Compounding this issue are the sharply rising costs associated with transportation and essential raw materials.

This strategic move is essential for the company to maintain operational stability and continue the supply of Liquid Rubber and ISOBAM amidst the volatile market conditions.

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