Nupur Recyclers, one of the leading players in the recycling and waste management sector, has announced a significant step in its forward integration strategy with the all-cash acquisition of Tycod Autotech for an enterprise value of INR 240 million.

The deal is set to pivot Nupur Recyclers from primarily a scrap processor to a manufacturer of high-value aluminium alloys and precision-engineered automotive components.

The acquisition is central to Nupur Recyclers’ ambition to move up the value chain, capturing greater profit margins beyond its core scrap processing and recycling operations. By acquiring Tycod, it instantly gains capabilities in value-added manufacturing for the automotive sector.

Following the deal, Nupur Recyclers has committed an additional INR 100 million to modernise Tycod’s production infrastructure. This investment includes the installation of High Pressure Die Casting (HPDC), VMC and CNC machinery, upgrades designed to increase manufacturing capacity and help attract new Original Equipment Manufacturer (OEM) partnerships in the coming quarters.

Rajesh Gupta, Managing Director, Nupur Recycling, said, “This acquisition is a strategic forward integration that allows us to capture greater value from our recycling operations. Tycod gives us the capability to not only expand our aluminium alloy ingot sales but also venture into precision manufacturing for the automotive sector. “We’re already dispatching over 100 tonnes of aluminium alloy ingots monthly to Tycod and are ensuring consistent quality and on-time delivery for our key OEM clients. Looking ahead, we’re targeting 300 tonnes per month to support in-house manufacturing of auto components by the year of FY2026-27.”

Tycod Autotech is a profitable entity operating out of a large facility within the 200-acre Tata Vendor Park in Rudrapur, Pantnagar. The company currently manufactures engine components for Tata commercial vehicles and supplies to key OEM partners, including Tata Motors, Sundaram Fasteners and Interpump Group.

The acquired facility features a 90,000 sqft industrial shed and robust infrastructure, making it a ready-to-scale manufacturing base.

Since the takeover, Nupur Recyclers has scaled Tycod’s operations, which currently employ about 175 people. The synergy between the two companies is already evident in the supply chain. NRL is currently dispatching over 100 tonnes of aluminium alloy ingots monthly to the Tycod facility.

The company is setting aggressive expansion targets, aiming for 300 tonnes per month of alloy supply to support in-house manufacturing of auto components by the fiscal year 2026-27.

Daksh Maheshwari from Tycod Autotech, said, “Joining hands with Nupur Recyclers has accelerated our growth trajectory. With a reliable raw material supply and new investments in advanced machinery, we are now poised to become a leading Tier-1 supplier to OEMs.”

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HS HYOSUNG ADVANCED MATERIALS has taken part in JEC World 2026, the premier global composites exhibition, held from 10 to 12 March 2026 at the Paris Nord Villepinte Convention Center in Paris, France. The company’s participation focuses on its advanced carbon fibre-based composite technologies, applicable in the automotive sector, alongside other key industries such as aerospace, construction and renewable energy.

Having consistently attended this prestigious event since 2013, the company is using this year’s platform to showcase innovations that cater to both high-performance and large-scale industrial needs. A central part of its display includes high-strength 3K carbon fibre, notable for its enhanced tensile strength, making it suitable for demanding applications in automotive components, drones, aviation and civil engineering. To address the requirements of broader industrial markets, the company is also featuring its 48K Large Tow carbon fibre, designed for use in wind power and the automotive industry.

At its exhibition booth, HS HYOSUNG ADVANCED MATERIALS is demonstrating the practical versatility of its materials by displaying finished products such as drones and high-pressure hydrogen storage tanks, both manufactured using its carbon fibre. This approach underscores the material’s critical role in lightweighting and high-strength applications, including the growing field of hydrogen mobility.

Carbon fibre, which is both a quarter of the weight of steel and significantly stronger, is seeing rising demand for pressure vessels, automotive parts and wind turbine blades. As the first Korean company to domestically develop high-strength carbon fibre under the TANSOME brand in 2010, HS HYOSUNG has been operating its Jeonju plant since 2013 and is now expanding its production capabilities into China and Vietnam. Building on this foundation, the company aims to solidify its status as a global leader, particularly following its 2022 development of H3065, an ultra-high-strength carbon fibre over 14 times stronger than steel, intended for advanced aerospace and automotive sectors.

Jim Dal Lim, CEO, HS HYOSUNG ADVANCED MATERIALS, said, “JEC World 2026 is an ideal platform to showcase our outstanding technologies to a global audience and discover future collaboration partners. Through this exhibition, we will expand cooperation with global customers and actively explore new business opportunities in the composites market.”

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Belgium-headquartered Dumarey Group (formerly Punch Group) has appointed Abhishek Agarwal as the Vice President – India, effective 1 March 2026. He joins the propulsion systems provider from HORIBA India, where he served as Head of Mobility and Energy.

Agarwal comes with over two decades of experience in the automotive and engineering sectors. Before his tenure at HORIBA India, he spent over 15 years at AVL India as Business Unit Head for Simulation Software. His career also includes roles at Eicher Engineering Solutions and Minda Industries.

His technical focus encompasses: engine and transmission development; control functions and ECU solutions; fuel injection systems and electric vehicle systems.

The Dumarey Group was founded in 1983 by Guido Dumarey as an international business providing engineering services, systems and components for the automotive and industrial sectors. The company’s technology portfolio includes vehicle powertrains, control systems, dual-fuel hydrogen engines and energy storage.

The group operates across ten locations in Europe, the Americas, and Asia. With a workforce of 3,000 employees, it generates approximately EUR 1 billion in annual revenue.

Agarwal holds a Bachelor of Technology in Mechanical Engineering from the Institute of Engineering and Technology (IET) Kanpur. He also earned an Advance Diploma in Business Administration from the Institute of Management Technology (IMT) Ghaziabad.

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Advent HoldCo has confirmed it will not acquire the LANXESS stake in the ENVALIOR joint venture in 2026. This follows a tender submitted by LANXESS in September 2025. Advent cited financing conditions as the reason for the decision.

The tender and purchase periods for the shares in 2027 and 2028 remain in effect. LANXESS will continue its role in the joint venture. The company attributes the development of ENVALIOR to market recovery within the sector, synergies between the companies and consolidation among competitors.

LANXESS stated it remains financed despite the absence of sale proceeds in 2026. The company maintains a cash position and credit lines totalling more than EUR 1.35 billion. Repayment of the bond maturing in October 2026 is secured.

The company stated that it maintains access to debt capital markets and debt reduction remains its top priority.

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European automotive component supplier Marelli has launched its new generation Port Fuel Injection Engine Control Units (PFI ECUs) for petrol, flex fuel (ethanol, methanol and synthetic fuels) and Compressed Natural Gas (CNG) applications, specifically targeting the India, Brazil and EMEA markets.

The ECUs are designed, validated and produced locally in each region. This portfolio utilises Marelli’s 20-year history in flex fuel and bi-fuel technologies to address regional vehicle architectures and emission regulations.

The new ECUs incorporate the Infineon AURIX TC3x automotive microcontroller to manage multitasking and processing. The hardware and software are built to support calibration, homologation and customer-specific tuning.

Key technical features include:

• Processing: Integration of Infineon’s AURIX TC3x for reliability and fast processing.
• Architecture: Open system allowing third-party applications and Firmware Over-the-Air (FOTA) updates.
• Safety & Security: Compliance with ISO 26262 ASIL D functional safety standards and anti-tuning protection.
• Control Channels: Up to eight gasoline injector drivers and four CNG injector drivers.
• Diagnostics: OBDII diagnostics and wide-range O2 Universal Exhaust Gas Oxygen (UEGO) sensors for air/fuel ratio monitoring.

By localising production and R&D, Marelli aims to provide automakers with reduced costs and faster implementation times. The units manage all engine requirements, including integrated combustion algorithms and emission control strategies to meet local regulatory standards.

Giovanni Mastrangelo, Head of R&D for Marelli's Propulsion business, said, "As adoption speeds for propulsion technologies vary, Marelli continues to support customers across the powertrain spectrum. In markets where internal combustion engines remain relevant, our new engine control units enable greater efficiency, emissions reduction, and versatility. This reflects our system-driven approach and know-how in vehicle control, conventional and alternative fuel injection technologies and transmission systems.”

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