Magna Tyres Group has acquired Forrez, the Belgium-based tyre specialist and mobility services provider, in its sixth strategic acquisition in recent years as the company continues to expand its international presence.

The transaction strengthens Magna Tyres Group’s position in the global tyre market and adds Forrez’s established tyre services, fleet solutions, industrial tyre and vehicle maintenance operations to the group’s portfolio.

Over recent years, Magna Tyres Group has expanded from a tyre manufacturer into an international organisation with operations, service divisions and distribution networks across Europe, Africa, Asia, Australia and the US. Its portfolio includes Magna Tyres, Fennel Tyres International, Industra Tyres & Lubricants, Tirepoint, Telescope Tyres Group, OBO Tyres and, now, Forrez.

Founded in Belgium, Forrez has built its business around tyre services, fleet solutions, industrial tyres and vehicle maintenance. The company serves customers across the transport, industrial, agricultural and automotive sectors.

Magna Tyres said the acquisition would create operational and commercial synergies by combining the group’s international scale and purchasing power with Forrez’s local market expertise and customer relationships.

Following the acquisition, the combined group is expected to generate annual turnover of approximately €275m in 2026. The deal forms part of Magna Tyres Group’s long-term strategy to build a global tyre solutions business with annual revenue of €650m by 2029 through a combination of organic growth, international expansion and acquisitions.

Michael de Ruijter, president of Magna Tyres Group, said:

“The growth of Magna Tyres Group over the past years has been driven by a clear long-term vision: building a strong international organisation with local expertise at its core. Forrez is an excellent fit within our group. Their reputation, technical knowledge and customer-focused culture align perfectly with our strategy and values. Together, we will continue strengthening our position in Europe while further improving the service and support we provide to our customers worldwide. We remain focused on creating long-term value for our customers, employees, partners and shareholders.”

Christine Forrez and Geert Mertens of Forrez said:

“Joining Magna Tyres Group marks an important new chapter for Forrez. We are proud of the company we have built and the relationships we have developed with our customers and partners over many years. Becoming part of Magna Tyres Group gives us access to an international network, additional expertise and new growth opportunities, while maintaining the entrepreneurial spirit and service quality that define our organisation.”

Forrez will continue to operate under its existing name and management structure. Magna Tyres Group said it would support the business with further investment in operations, product availability and future expansion.

Comments (0)

ADD COMMENT

Link Copied!

ZC Rubber has held its first Indonesia Distributor Conference, bringing together around 140 representatives from the company, PT Matahari Tire Indonesia (MTI) and its core Indonesian distributor network as it seeks to strengthen its presence in Southeast Asia.

The two-day event, held in Jakarta on July 23–24 under the theme "Gathering Momentum in Indonesia, Creating Success Together", focused on the company's manufacturing development in Indonesia, product planning for regional markets and closer collaboration with distributors.

Opening the conference, Henry Shen, Senior Vice President of Zhongce Rubber Group (ZC Rubber), highlighted the progress of MTI since it was established nearly three years ago. According to the company, the Indonesian plant began production 289 days after construction started and produced its first one million tyres a further 282 days later.

"MTI is an important part of our long-term development in Indonesia and Southeast Asia. It gives us a stronger local manufacturing base, closer access to market demand and greater flexibility in serving both regional and international customers,” said Shen.

Located in Kendal Industrial Park in Central Java, the 58.8-hectare facility is ZC Rubber's second overseas tyre plant. The company said Phase I has reached its planned production capacity, while Phase II has entered operation.

During the conference, Wang Xianning, Vice President of ZC Rubber and General Manager of MTI, outlined developments in production capacity, intelligent manufacturing and the plant's end-to-end quality control system.

Zhang Chunsheng, Deputy General Manager of ZC Rubber's Truck and Bus Tire Division and Director of its TBR and OTR Research Institute, presented the company's tyre technology roadmap and product development plans. These include refining products for Indonesia's road conditions, heavy rainfall, high temperatures and demanding commercial vehicle applications.

"Feedback from distributors, fleets and users in Indonesia is helping us refine products for local conditions, while ZC Rubber's global R&D platform allows those products to meet the requirements of wider regional and export markets," Zhang said.

Jeffrey Zhang, General Manager of ZC Rubber's International Business Department, and Justin Cui, Assistant General Manager of MTI, also presented localised product planning, marketing programmes and channel development strategies for the Indonesian market.

The conference included discussions with distributors covering product performance, customer demand and regional market conditions. The company said the feedback gathered would be incorporated into future product planning and market support.

ZC Rubber also announced the formation of an Indonesia Marketing Committee, comprising representatives from four national distributors. The committee will provide a forum for MTI and its partners to discuss product requirements, market developments and coordinated sales and marketing activities.

Comments (0)

ADD COMMENT

Link Copied!

SI Group has promoted Robert Kaiser to Senior Vice President of Strategic Marketing, concurrently appointing him to the company’s Executive Leadership Team. The global developer and manufacturer of performance additives, process solutions and chemical intermediates has tasked the executive with spearheading market-focused growth efforts and enhancing the synergy between client demands and the firm’s enduring strategic vision.

Kaiser’s elevation follows a distinguished tenure with the organisation that began in 2014, during which he assumed progressively significant roles in strategic marketing and business development. His contributions have been instrumental in refining the company’s product portfolio and market positioning, as well as fostering interdepartmental cooperation on pivotal expansion projects. His professional background also includes commercial leadership stints at AkzoNobel and Arizona Chemical, now part of Kraton Corporation.

The newly appointed Senior Vice President holds a Master of Business Administration from Ruhr University Bochum in Germany. With his extensive commercial acumen, Kaiser is poised to drive alignment and execute the company’s long-term objectives in his new executive capacity.

David Bradley, President and Chief Executive Officer, SI Group, said, "Robert has consistently demonstrated exceptional strategic leadership and a deep understanding of our markets. His ability to turn information into actionable insight has been instrumental in strengthening our commercial organisation and advancing our strategic priorities. We look forward to the unique global perspective and market-centric lens he will bring to our Executive Leadership Team.” 

Kaiser said, “I am honoured to join the Executive Leadership Team. Our customers are navigating an increasingly complex business environment, and I’m grateful for the opportunity to step into this role at a time when SI Group has the global footprint and strong foundation needed to create value for our customers and the markets we serve. I look forward to working with colleagues across SI Group to deepen customer relationships and continue advancing our commercial strategy.”

Comments (0)

ADD COMMENT

Link Copied!

Balkrishna Industries Ltd. (BKT) has extended its partnership with Cricket Australia for a further three years, remaining the naming rights partner of the Golden Cap awards in the Big Bash League (BBL) until the end of the 2028-29 season. The renewal takes the partnership beyond a decade, making it one of the league's longest-running commercial agreements.

BKT has been an Official League Partner of the Big Bash League since 2018. The companies said the extension reflects their continued commitment to supporting the growth of Australian cricket while enhancing the experience for players and fans.

Over the course of the partnership, BKT has developed a strong presence across the Big Bash Leagues through its association with the tournament and fan engagement initiatives. The renewed agreement, the companies said, reflects a long-term relationship built on community engagement and a shared commitment to Australian cricket.

Rajiv Poddar, Joint Managing Director of BKT, said: “The extension of the partnership with the BBL has continued to evolve since 2018, bringing us to achieve significant milestones together. Australia remains a strategic market for BKT, and cricket is one of the country's most popular and passionately followed sports, bringing together millions of fans every year. That’s why we are pleased to continue supporting one of the world's most exciting cricket competitions through the 2028/29 season. We look forward to building on the success we have achieved together and creating lasting value for our stakeholders, partners and fans around the world.”

Alistair Dobson, General Manager of the Big Bash Leagues at Cricket Australia, said: “We’re thrilled to extend our partnership with BKT, who has been such a fantastic supporter of the Big Bash for nearly a decade. The BKT Golden Bat and BKT Golden Arm caps have long been popular with players and fans and a great way to celebrate the world-class batting and bowling across both the BBL and WBBL. BKT Big Bash Tipping also adds to the fan experience, giving fans another avenue to engage with the leagues and challenge their friends, families and workplaces. We’re looking forward to continuing to build on our strong relationship with BKT as this partnership extends beyond a decade in the coming years.”

The companies said they would continue to work together as the partnership enters its second decade, with a focus on innovation, fan engagement and the long-term development of Australian cricket.

Comments (0)

ADD COMMENT

Link Copied!

JK Tyre & Industries has appointed Pushpak Barik as Vice President – Replacement Business, reinforcing its domestic leadership team as the company looks to strengthen its presence in the replacement tyre market, according to a report.

In his new role, Barik will lead the strategic growth of JK Tyre's replacement business, with responsibility for expanding the company's replacement market portfolio, optimising channel performance and strengthening its retail footprint across India.

Before joining JK Tyre, Barik served as Head of Sales – Commercial Mobility at TVS Motor Company, where he led initiatives to accelerate business growth in the commercial mobility segment.

He brings extensive industry experience, having held leadership positions at Continental, Ashok Leyland, Bajaj Auto and Tata Motors. His expertise spans sales leadership, channel development, commercial mobility, strategic partnerships, network expansion and business transformation.

JK Tyre said Barik's experience in driving profitable growth, strengthening distribution networks and expanding market presence will support the company's next phase of growth in the replacement business.

Comments (0)

ADD COMMENT

Link Copied!