| Off-Highway Tires | Agricultural, construction, mining, industrial, earthmover and turf care tires in cross ply and radial types. | Extensive R&D, global distribution, in-house Carbon Black production, wide product range, and strong brand equity. | B2B and B2C; OEMs, dealers, agriculture and industrial users globally. | Specialty radial tires and premium segments like mining and construction tires have higher margins. | 9319 | 89 | Sales through OEMs, distributors, and replacement markets worldwide; direct sales and channel partners. | Bulk sales, contract pricing, distributor agreements; competitive but premium positioning. | Infrastructure growth, mechanization in agriculture, mining activity, product innovation and global market expansion. | Agri Tires, Earthmax, Towermax, Rubber Tracks |
| Carbon Black Production | Manufacture of carbon black for tire production and third-party sales with own captive power generation. | Backward integration reduces cost volatility and enhances supply security; proprietary processes. | Primarily B2B in tire industry and chemical sector. | High-value advanced carbon black materials provide superior margins. | 1050 | 10 | Internal supply reduces raw material costs; external sales to other tire makers and industrial users. | Contract manufacturing and supply agreements. | Expansion of plant capacity, integration benefits, and rising demand for specialized carbon black products. | Advanced Carbon Black material |
