Subsidiary8 Jul 2025, 08:52 pm
Tolins Tyres Ltd to Incorporate Wholly Owned Subsidiary for Rubber Recycling Business
AI Summary
Tolins Tyres Ltd has announced its plan to incorporate a wholly owned subsidiary, Terra Rubber Private Limited, to carry on the business of collection, segregation, processing, recycling, and disposal of used, scrap, or waste tyres, rubber products, and allied materials. The subsidiary will also manufacture, produce, process, develop, buy, sell, import, export, and otherwise deal in reclaim rubber, crumb rubber, rubber powder, pyrolysis oil, carbon black, steel wire, and other by-products derived from tyre and rubber recycling and reprocessing. The Board of Directors of Tolins Tyres Ltd has approved an investment in the proposed subsidiary.
Key Highlights
- Tolins Tyres Ltd to incorporate a wholly owned subsidiary, Terra Rubber Private Limited
- Subsidiary to carry on the business of tyre and rubber recycling
- Board of Directors of Tolins Tyres Ltd has approved an investment in the proposed subsidiary
- Subsidiary to manufacture, produce, process, develop, buy, sell, import, export, and otherwise deal in various by-products derived from tyre and rubber recycling and reprocessing
- Incorporation of the subsidiary is expected to be completed within 120 days