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ATMA Partners Summit calls for strengthening tyre industry supply chain

ATMA Partners Summit calls for strengthening tyre industry supply chain

ATMA Partners’ Summit 2018 has highlighted the need for greater engagement and dialogue between Tyre Industry and raw material partners with a view to collectively build on a more sustainable ecosystem and respond to the emerging challenges. Ashish Pandey, Convener ATMA Supply Chain & Resources (SCR) Group, in his welcome address said that the summit assumed more importance as it was focused on Synthetic Rubber and Reinforcement Materials which together account for 35 percent of the tyre industry’s spend.

“India is emerging as a manufacturing base with more and more global companies showing interest in the country. There has been a lot of activity on the automobile front in India. Tyre industry is perfectly poised to align itself with the ever-changing scenario. The tyre industry has committed more than US$8 billion in the last few years. More investments are flowing in,” he said.

Anil Srivastava, who is heading Infrastructure Connectivity & e-mobility verticals at NITI Aayog was the Chief Guest on the occasion.

“With 8.2 percent growth in the economy in the last quarter and projections of more than seven percent for many years to come, India offers huge size and scale for almost all the consumer durables including automobiles and tyres. Indian tyre companies are some of the best corporates in the tyre sector in the world. No doubt, the industry is doing very well but there are tremendous potential and scope that is going to be there,” he opined.

In his keynote address, Anant Goenka, Chairman ATMA stated that new technologies were redefining the Auto ecosystem and tyre industry, as an integral part, needs to see the writing on the wall.

“Changes in the entire Auto value chain will make the next decade far more different than what we experienced in the last few years. Three big changes – technology, need for higher protection of the environment and growing uncertainty in the world will determine the future course of action”, he said.

The Summit had a glittering array of representatives from tyre industry and raw material providers. Three international experts made a presentation each on Synthetic Rubbers (Virendra Rathod, Sector Head, Elastomers Business, Reliance Industries Ltd), Reinforcement Materials (Srikanth Chakravarthy, Managing Director Bekaert India) and Global Energy Scenario (Shinichiro Yamashita, Sr. Market Developer – Butyl, Specialty Elastomers- ExxonMobil).

“Tyre is a raw material intensive industry with raw materials alone accounting for 60 percent of industry turnover. The summit explored how the stakeholders in the tyre value chain could together respond to the fast unfolding changes, benefit from the emerging opportunities and work towards creating a more sustainable ecosystem”, said Rajiv Budhraja, Director General ATMA.

Representatives from companies such as Reliance Industries Limited, Indian Synthetic Rubber Pvt Ltd (ISRPL), Arlanxeo, Trinseo, Asahi Kasei, ZS Elastomers, LG Chem Tech Center, JSR Corporation, Bekaert, Xingda, Aarti Steel, TATA Steel, Raj Ratan, Madura Industrial Textiles, SRF, Century Enka, Performance Fibers and ExxonMobil were present at the summit.

Automotive Tyre Manufacturers Association (ATMA) is amongst the most active National industry bodies in India representing Rs 57000 crore (US$8.5 bn) automotive tyre industry.

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