Tolins Tyres Limited — Important, 14-11-2024: Updates

Tolins Tyres Limited has formalized an offtake Agreement with Apollo Tyres Limited for the conversion and packaging of Precured Tread Rubber (PCTR) and Cushion Gum. The contract stipulates a minimum monthly order of 200 tonnes of PCTR and 17 tonnes of Cushion Gum for a duration of three years, with provisions for extension upon mutual agreement. This collaboration is projected to enhance the company’s capacity utilization by approximately 22% for PCTR and 10% for Cushion Gum at the minimum order levels. This agreement could significantly bolster operational efficiency and capacity, indicating a positive outlook for Tolins Tyres as it strengthens its market presence through strategic partnerships.