GRP, an Indian rubber recycling company, reported a 20 percent year-over-year revenue growth for both Q3 and the first nine months of FY25, despite facing margin pressures from elevated raw material costs.

The company recorded total income of INR 1,327 million in Q3 FY25, with EBITDA margins holding steady at 9.8 percent. For the nine-month period, revenue reached INR 3,912 million, while EBITDA stood at INR 363 million.

"We achieved a 12 percent increase in volumes on a standalone basis, with Reclaim Rubber volumes growing nine percent despite subdued global tyre demand," said Harsh Gandhi, Managing Director of GRP Limited.

The company recognized INR 121 million in Extended Producer Responsibility (EPR) credits year-to-date, with an additional INR 180 million worth of credits valued at minimum support price still available for sale.

Expansion Plans

GRP is moving forward with its INR 2.5 billion expansion plan, having secured financing from French development finance institution Proparco. The company has also received shareholder approval to raise an additional INR 1.5 billion through a qualified institutional placement.

"We remain on track to commence operations for the first line of crumb rubber and continuous pyrolysis line by Q4 of this financial year," Gandhi stated, noting that INR 330 million has already been invested in the project.

Industry Developments

The expansion comes as major carbon black producers like Birla Carbon, Epsilon Carbon, and Phillips Carbon Black launch recovered carbon black products using tyre pyrolysis oil (TPO).

"With carbon black producers now actively sourcing TPO to produce their own grades of recovered carbon black, it allows us a new avenue for sale, which was maybe 6 to 8 months ago, was non-existent," Gandhi explained.

Future Outlook

The company expects margins to stabilize following recent raw material cost pressures, particularly in its synthetic rubber reclaim business. GRP's subsidiary focused on recycled polyolefins is gaining approvals from major brands ahead of new recycling regulations taking effect from April 2025.

"Once we do get into this business, there are a lot of synergies between the two businesses, and that will allow for the overall margin profile of the business to move towards mid-teens and even a little higher towards the high-teen EBITDA numbers for a consolidated level," Gandhi added.

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Mitas, Official Agriculture Tyre Sponsor of the National Tractor Pullers Association (NTPA) and Title Sponsor of the Mitas National Finals Pull-Off, will occupy the spotlight at the Champaign County Fairgrounds in Urbana, Ohio, on 19 September, when the 2026 Grand National titles are decided.

Serving as the closing Grand National fixture of the season, the 39th Mitas All-Star Pull-Off also wraps up the brand's first year as the association's official agricultural tyre partner. That arrangement forms part of a three-season commitment spanning 2026 to 2028, drawing the company nearer to a North American motorsport discipline where immense engine output, grip and staying power face relentless scrutiny with every pass.

Two tyres will illustrate the breadth of the company's agricultural know-how at the venue. The PowerPull 01 30.5L-32 exists purely for pulling competition, arriving as a smooth tyre devoid of any moulded tread so crews can carve bespoke patterns suited to the track and their own machine setup; its tailored compound and tough build supply the grip, endurance and repeatability the sport requires. The VF 750/60R46 CFO 189D HC1000, by contrast, serves high-capacity self-propelled sprayers and comparable field duties, using Very High Flexion engineering to bear heavy loads at lower pressures while a broad contact patch spreads weight and keeps traction. Its tread delivers grip, longevity and self-cleaning ability for dependable service in punishing conditions.

When the 2026 NTPA season reaches its finale in Urbana, the sport's leading pullers and their followers will gather for a fitting celebration. Mitas will be present throughout, tying together the track and the field by demonstrating how the traction, durability and reliability demanded in competition echo the very traits underpinning its agricultural tyre lineup.

Andrea Masella, Marketing Director, Yokohama TWS, said, "Tractor pulling puts enormous demands on every part of the machine, including the tyres, making it a great environment to demonstrate what traction, durability and reliability mean when performance is pushed to the limit. We are proud to support NTPA as its Official Agriculture Tyre Sponsor and to bring our expertise to the Mitas All-Star Pull-Off. This partnership allows us to connect with the pulling community while highlighting the performance focus behind our agricultural tire portfolio. Pull like a Bull — on the track and in the field."

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Michelin has introduced an automated regrooving system called NAZCA, aiming to modernise a retreading practice that has served truck, bus and coach tyre maintenance for more than a century. The manual method demands specialised expertise and now confronts ergonomic strain and a shortage of skilled workers. Developed by Michelin engineers, NAZCA automates the process while following manufacturers’ recommendations, targeting consistent quality and repeatability. The system employs a high-density laser scanner and advanced algorithms to exploit every millimetre of usable rubber.

Because each tyre possesses a unique geometry, NAZCA adjusts cut depth in real time across the tyre’s full width and circumference. After more than a year of real-world testing, the machine can raise the number of regrooving jobs a workshop completes. Michelin estimates a capacity increase of 30 percent to 50 percent, depending on operating conditions. Each regrooving operation requires under three minutes of technician hands-on time, allowing staff to handle alignment, repairs and tyre mounting or removal.

This supports greater workshop profitability and flexibility. NAZCA accommodates a wide range of tyre brands and sizes, provided the casing is robust enough for the lifespan-extending procedure. About 20 NAZCA machines are in pilot testing across Europe. Michelin plans further rollouts in various countries in 2027, subject to applicable regulations, with a gradual commercial launch tailored to each market. The system will appear at the Michelin stand during IAA Transportation in Hannover from 14 to 20 September 2026.

NAZCA forms part of Michelin’s multi-life model, pairing regrooving and retreading so a tyre can last up to 2.5 times longer than a single-life product. Regrooving enables use to the legal wear limit, adding up to 25 percent more mileage and up to 5 percent fuel savings. Retreading completes the approach: initial REMIX retreading can double mileage for roughly 60 percent of a new tyre’s cost, while REMIX 2 premium retreading, available for 90 percent of Michelin truck lines, delivers 95 percent of new-tyre performance for about 60 percent of the cost, cutting cost per kilometre by 33 percent. Each retreading also saves about 50 kg of raw materials per tyre.

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Dr Suttipong Angthong, Secretary-General of the Association of Natural Rubber Producing Countries (ANRPC), delivered a keynote address at the Sustainability in Tires 2026 conference in Bangkok on 3–4 September 2026, presenting the organisation's positions on eco-friendly supply chains, market dynamics and ethical production methods vital to the global tyre sector.

His participation highlighted ANRPC's leadership as the principal representative of rubber-producing nations, working to guarantee that smallholder farmers and member countries help shape global sustainability criteria while building strategic alliances with tyre makers and processing firms.

Through such international engagement, ANRPC promotes environmentally responsible cultivation, equitable commerce and traceable supply networks, connecting the natural rubber industry to worldwide ESG frameworks and safeguarding a durable, sustainable future for every stakeholder.

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Pirelli’s Hard tyre played a decisive role as Kimi Antonelli won the inaugural Formula 1 race at the Madring, mastering a one-stop strategy to take victory in the Spanish Grand Prix. The Mercedes driver finished ahead of Max Verstappen and Lando Norris, extending his World Championship lead in the process.

All three podium finishers made their sole pit stop during a Virtual Safety Car period between laps 14 and 15. Antonelli and Norris swapped Pirelli Mediums for Hards, while Verstappen replaced his starting Softs with Hards. The one-stop approach proved dominant across the grid, with only George Russell, Carlos Sainz, Oliver Bearman, Fernando Alonso and Valtteri Bottas stopping twice.

Track temperatures peaked at 52°C and air temperature reached 32°C, mirroring conditions from earlier in the weekend. Russell, Antonelli’s closest title rival and team-mate, came home fifth. Antonelli now leads the standings on 292 points, with Russell second on 211. The Azerbaijan Grand Prix follows on Saturday 26 September.

In supporting action, Dino Beganovic won Sunday’s Formula 2 Feature Race ahead of Alex Dunne and Ritomo Miyata, all three running Softs before Hards and pitting on lap 18. Ugo Ugochukwu secured the Formula 3 World Championship by finishing second in Madrid, as Freddie Slater’s eighth place allowed the title swing. Tuukka Taponen won the finale, with Pedro Clerot third.

Dario Marrafuschi, Pirelli Motorsport Director, said, “The teams approached today's race differently from what had been simulated on track on Friday. Thanks also to the opportunity provided by the Virtual Safety Car, they favoured a more measured management of pace and degradation, which allowed them to significantly extend stint lengths and made the one-stop strategy the preferred choice for the majority of the field. The star of the Grand Prix was the Hard tyre, a compound that had been little explored during free practice and which today demonstrated a very high level of consistency, proving to be the most robust of the three compounds from both a thermal and mechanical perspective. With the C2, we saw several stints exceeding 45 laps, reaching very high levels of wear without any significant performance drop-off. Both the Medium and the Soft also proved to be effective options despite the track temperatures. The C4, in particular, completed competitive stints comparable to those of the Medium in terms of durability.

“As expected, graining appeared mainly on the front-left tyre, on the inner area of the tread, but with limited intensity. The work carried out by the teams on car setup and tyre management helped to minimise its effects. In a race characterised by few overtaking opportunities, the drivers were able to focus on tyre management, contributing to a very straightforward contest from a strategic perspective. Congratulations to Ugo Ugochukwu for securing the Formula 3 championship title today at the end of a highly competitive season. The series continues to represent an important proving ground for young talents from all over the world. The fact that the title was decided only at the final round highlights the exceptionally high level of competitiveness within the championship, which this year delivered spectacular racing and outstanding sporting value.”

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