The global tyre industry faced significant hurdles in 2024, with geopolitical tensions, wars and economic uncertainties contributing to a year of near stagnation. The ongoing conflict in Russia has posed challenges to the global economy and, by extension, the tyre industry. Many companies, including machinery manufacturers, have had to navigate the complexities of operating in.

As hopes rise for a resolution to the conflict in 2025, Marangoni Meccanica is cautiously optimistic about resuming full-scale operations in the region. A peaceful resolution would unlock significant opportunities, allowing for the revival of trade and investment in this strategically important market.

Another focus about 2025 is referred to Donald Trump’s re-election, which could present unique opportunities also for the tyre market, particularly if his administration focuses on bolstering manufacturing and infrastructure development in the United States. Policies encouraging domestic production and investment in industries like automotive manufacturing may drive demand for tyres, especially for commercial vehicles, agricultural and construction equipment. Additionally, potential tariffs on imported goods could incentivise the growth of local tyre manufacturers, fostering innovation and creating a more competitive landscape. These factors could create a dynamic environment for the tyre industry to expand and adapt.

In addition, as 2025 begins, signs of recovery are emerging. This recovery is particularly evident in markets where tyre manufacturers are resuming investments in advanced machinery to meet growing demand.

A leading company in the tyre-building machinery sector, Marangoni Meccanica, is capitalising on this revival by aligning its offerings with the evolving needs of its clients. Its cutting-edge, automated systems are designed to enhance production efficiency and product quality, providing much-needed support to tyre manufacturers eager to rebound.

BRIGHT PROSPECTS IN THE INDIAN MARKET

India, one of the fastest-growing automotive markets, is presenting immense opportunities for tyre manufacturers and their equipment suppliers. With a booming middle class and increasing vehicle ownership, the demand for high-quality tyres is on the rise.

Recognising this potential, Marangoni Meccanica is strengthening its presence in India through collaborations with local partners, enhanced customer service and tailored solutions for the unique requirements of the Indian market. This includes developing versatile machinery that can accommodate a wide range of tyre types, from agricultural to industrial vehicles.

STRATEGIC PARTNERSHIPS FOR GLOBAL COMPETITIVENESS

To bolster its position in the international market, Marangoni Meccanica is actively pursuing strategic partnerships. These alliances focus on sharing technological expertise, expanding distribution networks and codeveloping solutions that address specific industry challenges.

Such collaborations not only enable the company to penetrate new markets but also provide a competitive edge in established ones. By pooling resources and expertise, the company is setting new benchmarks for innovation and service excellence.

STRENGTHENING R&D BY LATE 2025

Innovation remains at the heart of the company’s growth strategy. By the end of 2025, the company plans to significantly enhance its Research and Development (R&D) capabilities. This initiative will focus on:

Sustainability: Developing eco-friendly machinery that minimises energy consumption and waste.

Automation and AI: Introducing smart systems for predictive maintenance and real-time monitoring.

Customisation: Creating modular designs to cater to the diverse needs of global customers. This renewed focus on R&D will ensure the company remains at the forefront of technological advancements, addressing emerging trends and challenges in the tyre-building sector.

CONCLUSION

As the tyre industry emerges from a difficult 2024, Marangoni Meccanica is seizing the moment with strategic initiatives tailored to global recovery. From capitalising on growth in India to forging international partnerships and investing in future-ready technologies, the company is well-positioned to thrive in an evolving market landscape. With resilience and innovation at its core, it aims not only to support the recovery of its customers but also to lead the industry into a new era of efficiency and sustainability.

Francesco Motta is the Chief Executive Officer at Marangoni Meccanica.

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Epsilon Carbon Pvt. Ltd. has announced the appointment of Munish Kumar Rathi as its new President and Business Head for Carbon Black.

With more than 25 years of extensive global leadership experience, Rathi brings a strong background in profit and loss management, multi-site manufacturing leadership, strategic planning and business transformation. His career is marked by a demonstrated ability to drive operational excellence and foster sustainable growth across various international markets.

The company is anticipating that his leadership will play a key role as Epsilon Carbon continues to expand its global footprint and accelerate innovation within the carbon black business segment. The organisation has formally welcomed Rathi to the team, expressing confidence in his capacity to guide future strategic initiatives. This move underscores Epsilon Carbon’s commitment to strengthening its leadership team in pursuit of long-term global competitiveness.

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TVS Srichakra has approved capital investment of up to INR 2.2 billion to expand production capacity at its manufacturing facilities in Vellaripatti, Madurai.

The expansion will cover the company’s two-wheeler tyre and off-highway tyre plants, with investment of up to INR 1.1 billion allocated to each facility.

TVS Srichakra said the two-wheeler tyre plant currently has capacity of about 21 million to 23.5  million tyres a year and operates at utilisation levels of around 80 to 85 percent. The company plans to add about 5 percent capacity, with completion targeted in the first half of FY2028-29.

The off-highway tyre plant has existing capacity of about 75 to 85 metric tonnes a year and operates at utilisation levels of 75 to 80 percent. TVS Srichakra plans to increase capacity at the plant by about 25 percent, with the addition scheduled for the first half of FY2027-28.

The company said the investment would be financed through a combination of internal accruals and debt.

TVS Srichakra said the expansion is intended to meet growing demand for its two- and three-wheeler tyres and off-highway tyre products.

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JK Tyre & Industries reported record consolidated revenue of INR 163.84 billion for FY26, registering an 11 percent year-on-year increase, supported by strong domestic demand and volume growth across key tyre segments.

The company’s consolidated EBITDA rose 25 percent to INR 20.89 billion, with EBITDA margin improving to 12.8 percent.

Profit before tax increased 46 percent to INR 10.43 billion, while profit after tax climbed 52 percent to INR 8.60 billion during FY26.

For the fourth quarter, consolidated revenue rose 12 percent year-on-year to INR 42.33 billion.

Quarterly EBITDA surged 42 percent to INR 5.46 billion, with margin at 12.9 percent, while Q4 PAT nearly doubled, rising 94 percent to INR 1.99 billion.

Chairman and Managing Director Dr Raghupati Singhania described FY26 as a year of robust performance, highlighting record volumes in both truck and bus radial and passenger car radial categories.

Domestic sales volumes during Q4 grew 21 percent overall. Truck and bus radial replacement volumes increased 53 per cent, while OEM demand in the segment rose 23 percent. Passenger car radial replacement volumes were up 26 percent and OEM demand increased 10 percent.

The company said growth momentum was expected to continue into FY27, supported by new vehicle launches, infrastructure development and sustained replacement demand.

JK Tyre also highlighted strong traction in electric mobility. More than 70 per cent of electric buses operating in India currently run on its tyres, while the company supplies EV tyres to nearly eight two-wheeler OEMs and has secured orders for electric passenger vehicle models including Renault Duster EV, Hyundai Creta EV and Tata Motors’ Nexon and Punch EV variants.

Its Mexico business, operated through JK Tornel, contributed nearly 20 per cent of consolidated revenue and is expected to maintain growth across Mexican, Latin American and US markets.

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The U.S. Tire Manufacturers Association (USTMA) has elected David Cichocki, Managing Director, Americas, and chief sales officer, Americas Consumer, at The Goodyear Tire & Rubber Company, to its board of directors.

“I’m pleased to welcome David to our Board. His extensive experience and expertise across the tire and consumer goods industries will be invaluable as we navigate today’s complex industry,” said Anne Forristall Luke, USTMA president and chief executive. “His proven leadership will strengthen our ability to seize emerging opportunities.”

Cichocki joined Goodyear in early 2026 and is responsible for overseeing the Americas region and leading the company’s Americas Consumer sales business.

He brings more than 30 years of leadership experience across industrial and consumer goods companies to the USTMA board.

Before joining Goodyear, Cichocki served as senior vice-president of US sales at Whirlpool, where he managed a portfolio valued at more than $10bn across retail and direct-to-consumer channels.

He also spent more than 20 years at Kraft Foods and Nabisco in a range of senior leadership roles.

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