Tolins Tyres’ wholly owned subsidiary -- Terra Rubber has entered into a Purchase Agreement for purchase of plant and machinery with Cochin Reclaim and Rubbers for the purposes of capacity expansion/backward integration of its operations.
Terra Rubber has agreed to purchase identified plant and machinery from Cochin Reclaim on an ‘as-is, where-is’. Terra Rubber is required to remove the machinery from Cochin Reclaim’s premises within 60 days from the date of the Agreement, at its own cost. Title to each item of machinery passes to Terra Rubber only upon full payment of its allocated value and its physical removal from Cochin Reclaim’s premises.
Tolins Tyres is primarily engaged in manufacturing of bias tyres for vehicles (including LCV, agricultural and two/three-wheeler vehicles) and procured tread rubber. It also manufactures ancillary products like bonding gum, vulcanizing solution, tyre flaps and tubes.
| Company Name | CMP |
|---|---|
| MRF | 129321.90 |
| Apollo Tyres | 432.00 |
| Ceat | 3634.95 |
| Balkrishna Inds. | 2170.20 |
| JK Tyres & Inds. | 396.50 |
| View more.. | |
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