Emerald Tyre – An Indian Tyre Manufacturer Plans To Acquire 65% Stake In A South African Tyre Company To Expand Its Volumes In US Market

Chennai (Tamil Nadu) [India], January 27: “Emerald Tyre Manufacturers Limited (NSE: ETML | INE0RHD01013) is one of the largest manufacturers and exporters of Off-Highway Tyres, has taken a decisive step in its international growth journey by acquiring a 65% controlling stake in SA Rubber Engineering Pty. Ltd., South Africa.

The proposed acquisition approved by ETML’s Board of Directors on 22 January 2026, involves an investment of up to ₹14 crore, through a combination of cash and non-cash consideration. Upon completion, SA Rubber Engineering will operate as a subsidiary of ETML, with the proposed acquisition expected to close within 6–8 months.

WHY THIS MOVE MATTERS

A Strategic Geography with Global Reach

• Anchors the Company’s expansion across high-growth African industrial and mining tyre segments
• Serves as Emerald Tyre’s export launchpad for the US Market.

Built on Structural Advantages

• Deep industrial & mining ecosystem
• Efficient logistics and port infrastructure
• Seamless access to global trade corridors
• Positive & growing economic climate.

These strengths create a natural base for scalable international operations.

SA Rubber Engineering Contribution

• Established regional distribution network
• Proven expertise in industrial, mining, rebuilt tyre solutions and poly wheels
• Immediate operational readiness for overseas scale-up

Business Snapshot

• Ready manufacturing Base.
• Customer Base: Multiple industrial end-use segments
• Role Post-Acquisition: Core driver of ETML’s Africa and export strategy

Commenting on the strategic proposed acquisition & international expansion, Mr. Chandhrasekharan Thirupathi Venkatachalam, Chairman & Managing Director of Emerald Tyre Manufacturers Limited said, “Our approach to growth has always been measured and purposeful. This proposed acquisition is a natural extension of Emerald Tyre’s capabilities into international markets. South Africa provides a strong base to engage with Africa and serve global customers, including US in a disciplined manner.

We view this investment as a long-term commitment focused on operational alignment & scale. The transaction is structured with strong governance, arm’s length execution, and financial discipline, allowing flexibility while remaining focused on creating sustainable value and staying true to the principles that have guided our growth.”

ABOUT EMERALD TYRE MANUFACTURERS LIMITED

Emerald Tyre Manufacturers Limited (Emerald Tyre, the Company), incorporated in 2002, is one of the leading manufacturers and exporters of Off-Highway and Industrial Tyres, headquartered in Chennai, Tamil Nadu. Company is engaged in the Business of Manufacturing, Supplying and Services for a comprehensive range of tyres for material handling applications like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders etc.

The Company offers a comprehensive product portfolio including solid resilient tyres, press-on bands, industrial pneumatic tyres, wheel rims, steel bands, and fitment solutions, and is widely recognized for its technological innovation, product durability, and eco-friendly solutions supported by strong in-house R&D and mould design capabilities. The Company operates through a modern integrated manufacturing facility located in the SIPCOT Industrial Estate, Gummidipoondi, Tiruvallur District, Tamil Nadu designed to serve both domestic and international markets.

With a strong global presence and wholly-owned subsidiaries in Belgium and the UAE, Emerald Tyre is recognized as a preferred OEM supplier and a trusted export partner. Over the past two decades, Emerald Tyre has built a reputation for quality, reliability, and customer focus, positioning itself as one of the most respected brands in the Off-Highway tyre segment under the name “GRECKSTER.”

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Business

Work, Relax, Repeat: How Second Homes Near Mumbai Are Becoming Part of the Modern Lifestyle

For many urban families, a second home is becoming part of the modern lifestyle rather than an occasional getaway. Mumbai (Maharashtra) [India], November 13: Hybrid work, changing lifestyle preferences, and the desire for more personal space are reshaping how people view residential property. For many homebuyers, second homes near Mumbai are no longer just occasional […]

Read More
Business

DEV Information Technology Reports Q2 FY27 Total Income of Rs. 63.07 Cr, Up 28 Percent YoY; H1 FY27 Total Income Reaches Rs. 107.72 Cr, Up 16 Percent YoY

Ahmedabad (Gujarat) [India], November 14: Dev Information Technology Limited (DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services has reported its Unaudited financials for Q2 FY27. Key Financial Highlights Q2 FY27 Key Financial Highlights Total Income of ₹63.07 Cr […]

Read More
Business future of work Haworth Office Furniture ORGATEC India 2026 Workspace Design

Haworth Unveils the Future of Workspaces, Build for Those Who Build India, at ORGATEC India 2026

Experiential booth, panel discussions and India manufacturing story to feature at Jio World Convention Centre, Mumbai New Delhi [India], November 13: Haworth, a global leader in workplace solutions, will participate in ORGATEC India 2026, an exhibition focused on office furniture, workplace design and solutions for modern working environments. Taking place from November 19th to 21st […]

Read More