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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Michelin has broadened its agricultural trailer tyre lineup with the launch of the MICHELIN WORKXBIB. Designed primarily for tipping trailers, slurry tankers, manure spreaders and similar farm equipment, the new addition complements the existing MICHELIN TRAILXBIB, which features the company’s patented Ultraflex technology for reduced soil compaction.

Engineered to handle the demands of trailer platforms, the WORKXBIB combines endurance, high load capacity and reliability for intensive road use. It supports loads of up to 6,500 kg at speeds of 65 kmph and is offered in a size range tailored to current vehicles, drawing on Michelin’s innovation to deliver dependable performance.

The tyre’s flat crown and reinforced, serrated shoulders provide a larger footprint, promoting stability even under heavy loads and at high speed. A steel-belted crown, robust carcass and bead area, and a high-performance rubber compound enhance puncture resistance. Serrated shoulders improve stability on sloping ground, while large tread blocks self-clean to reduce maintenance. This design delivers up to 80 percent longer life than the previous generation of Michelin trailer products.

For contractors and farm owners, the result is fewer tyre replacement and maintenance stops, greater equipment availability and better-controlled operating costs. The replacement market rollout begins with size 600/55 R26.5 in October 2026, followed by three additional sizes in the second quarter of 2027: 650/55 R26.5, 600/60 R30.5 and 560/60 R22.5.

Tom Saunders, Agricultural Beyond Road Customer Engineering Support Manager at Michelin, said, “In a sector marked by increasingly intensive road use and demanding field performance, we’ve developed the MICHELIN WORKXBIB for contractors and farmers. Our latest fitment has a wide range of applications from public works and civil engineering through to haulage and livestock farming.”

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Tegeta Green Planet participated in a Circular Economy Action Platform meeting hosted by the UN Global Compact Network Georgia on 6 October. The session examined packaging waste management and the need for technical regulation from a business standpoint, with participants exploring existing practices and the challenges tied to the issue.

Attendees stressed that an effective waste management system would serve environmental goals while giving businesses a clear and predictable operating environment. Shalva Akhvlediani, Director of Tegeta Green Planet, presented the company’s vision and hands-on experience. Discussion topics included the Extended Producer Responsibility system, the role of businesses in waste management and practical obstacles to advancing a circular economy in Georgia.

As an EPR organisation, Tegeta Green Planet helps producers and importers meet their environmental obligations and supports an effective waste chain spanning collection, proper treatment and conversion into a resource. Akhvlediani detailed the company’s work with used tyres, waste oils and automotive batteries, noting that a sustainable system demands coordinated cooperation among businesses, government and other stakeholders alongside practical experience.

The meeting underscored the value of technical regulation, with clear requirements and strong enforcement seen as ways to develop waste management, reinforce responsible business practices and encourage more efficient resource use. Developing a circular economy remains a key focus for Tegeta Green Planet, which continues working with the business, public and educational sectors so that waste management moves beyond regulatory compliance toward reuse and recycling opportunities.

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TyreSafe, UK’s leading tyre safety charity, has raised concerns that overconfidence among UK motorists could be concealing a serious road safety problem. Fresh research indicates a notable gap between how drivers rate their own abilities and their actual vehicle maintenance habits. While 42 percent of drivers consider themselves above average at handling emergencies, that figure rises to 51 percent among men. Yet 1 in 10 has never examined tyre pressure or tread depth, and merely a quarter have done so within the previous month.

Regional patterns remain broadly similar, though behavioural differences point to inconsistent awareness and upkeep across the country. The organisation stresses that tyres represent the sole contact between a vehicle and the road, meaning even minor defects can materially affect braking, grip and control. TyreSafe is therefore urging drivers to incorporate regular tyre checks into their routines and to act before they react.

Stuart Lovatt, Chairman, TyreSafe, said, “Confidence is not a substitute for preparation. No matter how skilled a driver believes they are, tyres ultimately determine how a vehicle performs in an emergency. You cannot outdrive poor tyre condition. Regular checks are essential to ensure your vehicle responds as expected when it matters most.”

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Hankook Tire will debut at Euro Bus Expo in 2026, strengthening its presence in the UK passenger transport sector. The event runs from 3–5 November at the NEC Birmingham, bringing together operators, manufacturers, suppliers and decision-makers for three days of innovation and networking.

With over 190 exhibitors and more than 7,000 visitors expected, the exhibition showcases full-size buses, coaches, mini vehicles, advanced technologies and services, letting attendees connect with key suppliers across the global supply chain.

At stand 38, Hankook Tyre UK will present its latest bus and coach tyres, focusing on innovation, sustainability and performance. Highlights include the Smart Touring AL22 for long-distance coaches, the urban Smart City AU04+ and AU06 with measurable sidewall protection, the Laufenn LF60 for mixed-use applications and the new e-Smart City AU56 EV tyre engineered for low rolling resistance, reduced noise and higher electric vehicle loads.

With partner Vaculug, Hankook will launch the LB01, a first-of-its-kind hot-cure remoulded urban bus tyre, reinforcing its total tyre solutions role and circular economy commitment. Vaculug’s sustainable manufacturing expertise, recently recognised with the King’s Award for Enterprise, supports the collaboration. The 2026 edition also offers seminars and technical sessions on industry trends and greener transport, giving Hankook a platform to boost visibility and reinforce its leadership in the commercial bus and coach tyre market.

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