Page 56 - Retrading Business N103 2022-4
P. 56
COMPANY
“Currently, we are manufacturing about 2,000 tons in a month, but we have touched 3,000 tons at times in the recent past.”
coming in are now radials. Midas continue to introduce new radial designs in the market and recently launched MUH220, manufactured with a special compound, which is claimed to of- fer 100,000 km mileage in the domestic market.
Meanwhile, in the export market, the MWAY260 for drive axle, highway application will be introduced in the European market shortly.
REPORT
port market and is proving popular with customers in Europe,” said Paulose Varughese.” The high-mileage compound gives bet- ter rolling resistance and wear. Customers have experienced the results in lab and road tests. It doubles the tread life and saves 8.5% fuel, which is a considerable saving when the industry is grappling with such challenging times the world over.”
Midas continues to expand its range of niche products in the export markets as it has also started making and selling O Rings for OTR tyres including for rim sizes 20” to 51”. The O Rings are made with a high-quality natural rubber compound designed to of O Rings to Europe and received positive responses in export markets,” said Varughese.
The Kottayam headquartered company exports on average 2,400 tons of tread rubber globally. Recently, exports to Egypt have started, although Midas already has a formidable pres- - sia-Ukraine conflict has hit us badly, in addition to which the fact that freight rates continue to zoom high offers yet another challenge in the export market.”
NEW INVESTMENTS
Midas has recently invested in a new mixing plant at Ettuma- noor in Kottayam, which has a capacity of 100 tons per day. Now the total monthly mixing capacity stands at 4,000 tons with two sites at Manimala and Ettumanoor in Kottayam, Ker- ala and another in Chennai, Tamil Nadu. The new site has been
Meanwhile, as part of investments in its research and develop- ment department, Midas has also recently installed a Universal tests, compression tests, flexure tests and shear tests. It is ideal for standard tests, but also for complex test tasks in the field of materials and components testing.
In terms of investments in new compounds, Midas is current- ly focusing on radial designs and patterns as 80-90% of tyres
P. 56
