Risks
Raw Material Price Volatility: Prices of natural rubber, synthetic rubber, and various chemicals are subject to global commodity market fluctuations, impacting profitability.
Economic Downturn: A slowdown in the automotive, construction, or general manufacturing sectors can significantly reduce demand for the company's products.
Intense Competition: The non-tire rubber products market is fragmented, leading to pricing pressures and competition from both organized and unorganized players.
Technological Obsolescence: Failure to innovate or adapt to new material science and manufacturing processes could impact competitiveness.
Regulatory Changes: Environmental regulations or changes in import/export policies could affect operations and costs.