GRP Reports 20% Revenue Growth, Plans Major Expansion into Tyre Recycling
- By TT News
- February 07, 2025
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.
Straightset And Supertracker Join TyreSafe As Commercial Supporters
- By TT News
- October 09, 2026
TyreSafe, UK’s leading tyre safety charity, has welcomed Straightset and Supertracker as Commercial Supporters, pairing two well-established garage equipment names in support of the charity's goal of enhancing tyre safety and lowering tyre-related incidents across UK roads.
Independent garage equipment specialist Straightset and Supertracker, a famed British maker of wheel alignment equipment, are jointly backing TyreSafe's campaign to highlight how essential properly maintained tyres are to road safety.
Straightset, run as a family business, delivers a broad selection of garage equipment for car and commercial vehicle workshops, covering tyre changers, wheel balancers, MOT equipment, workbenches and exhaust extraction systems, plus installation, servicing and maintenance. Since 2022, Straightset has owned Supertracker, a long-established British marque focused on laser and computerised wheel aligners, commercial vehicle apparatus and vehicle lifts including scissor and two-post types.
By merging specialist equipment manufacturing with the thorough service and support garages require, the two brands offer complementary strengths. Correct wheel alignment is tightly connected to tyre maintenance, helping avert uneven tyre wear and bolster vehicle safety. The tie-up demonstrates a mutual dedication to safety, quality and the automotive sector, with both brands aiding TyreSafe's continued efforts to educate road users and encourage improved tyre safety habits.
Stuart Lovatt, Chairman, TyreSafe, said, “We are delighted to welcome Straightset and Supertracker as Commercial Supporters of TyreSafe. Together, they bring valuable expertise across the garage equipment sector, from specialist wheel alignment technology to the equipment, servicing and support that keep workshops operating safely and efficiently. Garages play an important role in helping ensure vehicles are safe and roadworthy, and the right equipment and technical support are essential to that work. We look forward to working with Straightset and Supertracker to raise awareness of tyre safety and encourage road users and businesses to make tyre maintenance a priority.”
Julia Blake, Marketing and Communications Director, Straightset, said, “We are proud to be partnering with TyreSafe, alongside our Supertracker brand, and to support the important work it does to improve tyre safety across the UK. At Straightset, we provide garages with the equipment, expertise and ongoing support they need to operate safely and effectively. Through Supertracker, we also have a longstanding connection with wheel alignment technology, which plays an important role in tyre maintenance. This partnership brings together our shared commitment to safety and gives us an opportunity to help raise awareness of the importance of looking after tyres. We look forward to working with TyreSafe and contributing to its efforts to make UK roads safer.”
Epsilon Carbon Publishes 6th Sustainability Report Detailing FY 2025–26 Progress
- By TT News
- October 09, 2026
Epsilon Carbon Pvt. Ltd., a global manufacturer of carbon black and speciality carbon products, has published its sixth Sustainability Report for FY 2025–26, titled ‘Anchored in Carbon. Embedded in Circularity’. The document outlines the company’s advancements in emissions reduction, energy efficiency, workplace safety, inclusion and community development while detailing its strategy for a more responsible and resilient carbon value chain.
The company’s sustainability efforts are deeply integrated into its manufacturing operations and its support for customers in the tyre, rubber, manufacturing and industrial sectors. Epsilon Carbon aims to supply dependable carbon materials while enhancing resource efficiency and lowering the environmental footprint of production. In FY 2025–26, it recorded a 98 percent drop in Scope 2 emissions intensity against its FY 2022–23 baseline, alongside a 6 percent reduction in energy consumption intensity driven by operational improvements.
A 17 MW captive power plant using waste hot gases from production remained central to decarbonisation, achieving 77 percent waste heat recovery utilisation and remaining on target. This helped avoid over 89,000 tonnes of CO₂ emissions by reducing coal-based power reliance. The company also cut Scope 3 emissions intensity by 8.13 percent compared with FY 2024–25, supporting more sustainable manufacturing across its value chain. Its Vijayanagar plant holds an annual capacity of 215,000 tonnes of carbon black and 500,000 tonnes of speciality carbon.
The report further highlights workplace safety and inclusion, with zero fatalities, 10 percent women representation on the Board and 9.41 percent of the overall workforce. CSR programmes positively impacted approximately 140,000 lives, fostering community development near its operations. Epsilon Carbon’s sixth Sustainability Report gives stakeholders a clear view of its ESG performance and reinforces its focus on responsible growth, operational excellence and its expanding role in the global carbon materials industry.
Vikram Handa, Managing Director, Epsilon Carbon, said, “Sustainability is central to how we are building Epsilon Carbon for the future. Our progress in reducing emissions intensity, increasing the use of waste heat recovery and improving energy efficiency shows what is possible when sustainability is built into everyday operations. Our customers in tyres, rubber and other manufacturing sectors are also working towards more responsible and efficient value chains. We are committed to supporting them through dependable products, strong manufacturing capabilities and continued innovation. Alongside our environmental priorities, we remain focused on safety, inclusion and creating a positive impact in the communities where we operate.”
Ryan Beat Captures First Pro-2 Championship With Toyo Tyres
- By TT News
- October 09, 2026
Toyo Tire U.S.A. Corp (Toyo Tires) celebrated a milestone achievement in short-course off-road racing as driver Ryan Beat captured the 2026 Championship Off-Road Pro-2 title. The decisive rounds unfolded at Glen Helen Raceway in San Bernardino, California, where Beat piloted his #51 Bilstein / Toyo Tires / Rockstar Energy / Chevrolet truck to the first Pro-2 crown of his racing career.
Beat arrived at the season finale holding a 17-point advantage but faced punishing Southern California heat and a determined group of rivals. A mid-race restart intensified the competition, yet Beat powered through the field and crossed the finish line first on Saturday night, sealing the championship.
His truck ran on standard 35x12.50R17 Open Country C/T tyres throughout the campaign. Beat concluded the year at the top of the Pro-2 standings with 722 points. The result marked the sixth occasion he has placed among the top three in the class, having previously earned four runner-up finishes and one third-place result.
The championship extends Team Toyo’s strong presence in short-course competition, complementing Pro-4 titles claimed by CJ Greaves across 2023 through 2025 and Kyle LeDuc between 2012 and 2020. Toyo-backed drivers have also found success in desert racing, with six SCORE Baja 1000 victories, six Baja 500 wins, five Baja 400 triumphs and four San Felipe 250 titles.
Beat said, “The championship came down to the final race and to not only win the title, but to do it by winning the final race was a dream come true. Surrounded by my family, friends and partners, this one is going to be hard to top.”
Adrian Puente, Events, Motorsports and Technical Manager, Toyo Tire U.S.A. Corp, said, “Congratulations to Ryan and his motorsports team on securing the first Pro-2 championship of his career! A hard-fought season ending in triumph is a great result for Team Toyo and showcases the versatility and performance of our tyres on and off the track.”
DUNLOP ALL SEASON 2 Earns 'Very Good' Rating In 2026 AvD All-Season Tyre Test
- By TT News
- October 09, 2026
The DUNLOP ALL SEASON 2 tyre has earned a ‘very good’ rating in the 2026 all-season tyre test conducted by the Automobilclub von Deutschland (AvD). Evaluated against 11 rival all-season tyres spanning premium, mid-range and budget brands, it performed strongly across every category, including wet and dry driving performance. The tyre stood out particularly for its snow performance, efficiency, wear and other environmental considerations. As the lightest tyre in the AvD test, it also achieved the best result for rolling resistance, which directly influences fuel efficiency.
Its overall performance places it among the very best all-weather tyres tested by the AvD this year. With a score of 4.37 stars out of 5, it secured a ‘very good’ rating alongside four other tyres, all of which were more expensive at the time of testing. The AvD examined 12 different 225/50 R17 tyres, one of Europe’s most popular tyre sizes, to assess safety-related handling characteristics across a broad range of driving conditions. All tyres were fitted to a BMW 3-Series and purchased via the open market to ensure independence, with testing carried out between the AvD and TEMPOTIRE, an independent testing organisation.
A strong rating in the annual AvD all-weather tyre test is an important marker of trust in Germany and many other European markets. The test is notably thorough, with tyres rated on a five-star system for braking, traction and handling performance in all conditions, subjective handling performance, aquaplaning in the wet and noise levels and rolling comfort in the dry. It also covers environmental factors such as tyre weight, wear, fuel efficiency, emissions levels and rolling resistance.
The DUNLOP ALL SEASON 2 is engineered to deliver confident driving throughout the year and suits owners of cars and SUVs who prefer not to change their vehicles’ tyres with the seasons. It is available in 74 sizes, ranging from 14 to 20 inches in diameter. Its advanced compound and distinctive V-shaped tread design with three-dimensional interlocking sipes improve braking stability on wet and dry surfaces while creating numerous ‘biting’ edges that can aid traction and grip in snow. A reinforced structure enhances tyre stability, contributing to confident handling on wet and dry roads. Crucially, every variant adheres to Europe’s official Three-Peak Mountain Snowflake (3PMSF) legal standards, meeting the official legal requirements for use throughout winter in European countries and regions where winter tyres are legally mandated, such as Germany and Sweden.
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