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.
Pirelli Unveils New SCORPION Gravity Lineup For Trail To Downhill
- By TT News
- September 23, 2026
Pirelli has introduced its new SCORPION Gravity range, a mountain bike tyre lineup created for gravity riding and covering trail, enduro, freeride and downhill disciplines. The Italian manufacturer has completely redesigned the platform while introducing a new naming system intended to simplify how riders identify the best tyre configuration. Compared with the previous line, the range substantially increases the number of available combinations, as each model can be paired with different casing and compound choices.
The selection process follows three stages. Riders first choose a tread pattern, with three distinct scorpion species each representing a different terrain and riding style. They then select a casing based on the level of support and protection required. Finally, they choose a compound from Medium, Soft or Supersoft to achieve the desired balance of grip, rolling efficiency and durability.
Three tread names form the foundation of the new architecture: Black Sting, Emperor and Red Claw. Each draws inspiration from a different scorpion species, with the name reflecting the creature's characteristics and natural habitat to create a direct link with the conditions and riding style the tyre is engineered for.
Black Sting takes its name from scorpions living in deserts and arid environments. Developed for riders prioritising speed, precision and responsiveness, the fast-rolling tread combines low rolling resistance with controlled braking, suiting hardpack and firm, compact terrain where stability under high loads and at speed is critical. Emperor is the range's most versatile option, building on the previous RACE M tread but fully re-engineered. Like the scorpion it represents, it performs across mixed terrain and changing conditions, balancing traction, control and rolling efficiency. Red Claw, inspired by tropical scorpions in wet, humid environments, targets maximum traction and control. Based on the earlier RACE T design, it is optimised for loose-over-hard, dusty and off-camber terrain.
Pirelli has also evolved its four casing constructions, all now fully eMTB-ready for conventional and electric mountain bikes, including Light and Full Power models. ProWALL is the lightest with sidewall protection, weighing 700 to 900 grammes, and favours responsiveness and climbing efficiency. HardWALL, at 900 to 1,100 grammes, adds structural support and reinforcement against pinch flats. DualWALL, weighing 1,100 to 1,300 grammes, uses a dual-ply build for enduro racing, bike parks and freeride. DH+ WALL, from 1,300 to over 1,500 grammes, is the most protective option, employing tougher base fabrics and extra reinforcement for elite downhill racing.
Three compounds complete the range. Medium, marked yellow, balances grip, comfort and durability. Soft, marked red, provides intuitive handling and consistent grip in dry and wet conditions without sacrificing durability. Supersoft, marked purple, is engineered for the most demanding conditions, offering maximum grip, vibration damping and impact absorption. The range was developed by Pirelli technicians with three-time Downhill World Champion Fabien Barel and world-class athletes including Brendan Fairclough, Jack Moir, Thomas Genon, Juan Diego Salido, Fabio Wibmer and Lachlan Blair.
Fabien Barel said, “Having worked closely with Pirelli, I’ve seen firsthand how deeply their expertise runs, from Formula 1 to the Motorcycle World Championship, from motocross to high-performance cars. That same racing DNA is now driving innovation in mountain biking – across compound technology, casing construction and tread design. What’s particularly interesting is seeing how the company is bringing into cycling that wealth of cross-discipline knowledge built up over years of success at the highest levels of motorsport. What stands out most when riding these new tyres is how consistent the grip feels across the entire tread, no matter the terrain, and how stable the casing stays even when conditions get rough – it’s the kind of confidence you notice within the first few turns.”
Tana Oy Brings Together Distributors From 19 Countries For Dealer Meeting 2026
- By TT News
- September 23, 2026
Tana Oy convened its annual Tana Dealer Meeting 2026 in Hämeenlinna, Finland, drawing distributors from 19 countries for three days of presentations, shared experiences and discussions. Attendees contributed perspectives and insights from markets worldwide, making the gathering a truly global exchange of knowledge and ideas.
The event took place at the historic Vanajanlinna, whose distinctive atmosphere provided an ideal setting for face-to-face meetings, idea exchange and informal interaction. Tana Oy’s 55th anniversary added a special dimension to the occasion. Under the theme ‘No time to waste – From ambition to results’, participants concentrated on sharing knowledge, converting ideas into concrete action, and advancing together.
The main meeting day featured presentations spanning Tana’s operations, with the agenda covering strategy, products, services, spare parts and market development. Beyond formal presentations, distributors contributed valuable field knowledge. Real customer cases and requests were examined collectively, with distributors sharing expertise from their respective markets and introducing fresh perspectives to the discussion.
The final day shifted focus from presentations to hands-on demonstrations. A live demo of the TANA MWB, the newest addition to the shredder family, showcased its capabilities under real operating conditions. Attendees then travelled to Toijala Works for the RD Factory Circuit, where Service and R&D teams guided dealers through stations introducing new features, options and technical developments. The sessions were led by the people who developed these solutions, giving distributors opportunities to ask questions, provide feedback and discuss matters directly with the experts.
A highlight of the meeting was the Dealer of the Year Awards, which recognise distributor achievements and dedication worldwide. Four winners were celebrated. Máquina Solo of Brazil received Dealer of the Year 2025 for opening a new landfill compactor market during a challenging economic year while achieving full participation in all 2025 tenders. Tana Italia s.r.l. earned Excellence in Marketing and Promoting Tana 2025 for consistently innovative exhibition concepts and marketing ideas. Smart Equipment B.V. received Excellence in Service for its skilled, dependable, and positive approach. Earthmoving Solution Limited was named Newcomer 2025 for remarkable landfill compactor sales growth in Bangladesh within a short period.
Triangle Tyre Earns Second Consecutive EcoVadis Gold Rating
- By TT News
- September 23, 2026
Triangle Tyre has secured the EcoVadis Gold Rating once more, posting an overall score of 85 that places it within the top 5 percent of assessed companies globally. The company had initially received the Gold Rating in 2025 during its first participation in the assessment, making history as the first Chinese tyre manufacturer to attain that distinction. This repeat recognition cements Triangle Tyre’s standing as a frontrunner in sustainable development within China’s tyre sector.
The EcoVadis platform stands among the most widely acknowledged corporate sustainability assessment systems worldwide, with results frequently guiding multinational corporations in supplier selection. Its evaluations span over 180 countries and more than 150,000 companies. The methodology examines four dimensions: environmental performance, labour and human rights, ethics and sustainable procurement. A gold rating signals globally leading sustainability performance among assessed firms.
Triangle Tyre’s environmental efforts centre on expanding its green manufacturing framework through its national-level green factory platform. The company has adopted low-carbon processes including intelligent vulcanisation, accelerated low rolling resistance tire development and increased use of recycled and bio-based materials to reduce lifecycle environmental impact. A digital energy management platform supports ongoing energy conservation and carbon reduction, efforts that earned recognition as an Energy Efficiency Leader in key industries from China’s Ministry of Industry and Information Technology.
Regarding labour and human rights, the company’s Caring for People culture protects employee rights through diversified development and care mechanisms, occupational health and safety systems and closed-loop hazard management. Comprehensive training and career pathways support employee growth, yielding consecutive Top Employer honours. On ethics, all employees receive business ethics and anti-corruption training, with ISO 37001 certification across the company and subsidiaries, a Business Conduct Supervision Committee, confidential reporting channels and regular compliance programs. Sustainable procurement involves strengthening upstream raw material management, advancing natural rubber traceability and conducting supply chain ESG assessments.
As a UN Global Compact member with two consecutive sustainability reports, the renewed Gold Rating validates Triangle Tyre’s achievements and bolsters international credibility for overseas expansion and green trade barrier navigation.
Hankook Tire Successfully Wraps Up IAA Transportation 2026, Debuts Winter And Trailer Tyres
- By TT News
- September 23, 2026
Hankook Tire wrapped up its showing at IAA Transportation 2026, the commercial vehicle industry’s largest global expo, held in Hannover, Germany, from 15 to 20 September. The company used the event to introduce three new tyres.
The debut lineup included the Smart Control AW53 and DW53 winter tyres, plus the Smart Flex TH51 trailer tyre for regional and long-haul use. All three rely on SMARTEC, Hankook’s advanced truck and bus radial technology system, which targets safety, mileage, chip and cut resistance, retreadability and braking.
The AW53 and DW53 are built for steer and drive axles respectively, delivering grip and braking on snow and ice. Testing at Hankook’s Ivalo proving ground in Finland showed gains in snow braking, acceleration and handling over the prior generation. Hidden Groove technology sustains performance as tread wears and extends tire life by as much as 15 percent.
The TH51 pursues high mileage and low rolling resistance, with zigzag grooves and drainage channels for water evacuation. Its Hidden Groove design, made possible by 3D-printed tread moulds, preserves grip to the end of service. Hankook also displayed Smart Line, e-SMART City, the Laufenn LF95+, Alphatread and Smart Fleet while continuing its presence at European events such as the Road Transport Expo, Transport Logistic and The Tire Cologne.
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