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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Hankook Tyre UK has confirmed its return as headline sponsor of Supercar Fest for a seventh consecutive year in 2026. The longstanding partnership continues with one of United Kingdom’s most anticipated gatherings of high-performance automobiles. As a flagship event on the national automotive calendar, Supercar Fest is known for combining immersive displays of speed, technical innovation and engineering excellence.

The 2026 season begins with The Runway at Sywell Aerodrome on 16 and 17 May, where attendees can witness top-speed runs along a one-kilometre straight section. Visitors will also see an extraordinary lineup of hypercars and performance models. Among the featured tyres on display will be the ultra‑ultra‑high‑performance Ventus S1 evo Z, the ultra‑high‑performance Ventus evo and the all‑season Kinergy 4S 2. A Hankook stand will include a Formula E car, reflecting the brand’s role as exclusive technical partner and tyre supplier to the ABB FIA Formula E World Championship.

The action moves to Shelsley Walsh on 13 June for The Hill Climb, returning to the world’s oldest motorsport venue where Supercar Fest was born in 2019. This historic setting hosts an adrenaline‑filled day of supercar spectacle. As exclusive tyre supplier to the FIA World Rally Championship, Hankook will display a WRC car demonstrating its on‑track performance, aligning the venue’s heritage with the brand’s deep motorsport involvement.

At both events, the Hankook stand will showcase advanced tyre technologies, including the iON electric vehicle family. This range comprises the summer tyre iON evo, the all‑weather iON FlexClimate and the iON GT for compact EVs and SUVs. Engineered for electric mobility, the iON tyres offer reduced rolling resistance, low noise, enhanced load capacity and specific management of instant torque to help extend range and deliver a smoother drive. Interactive experiences, branded merchandise and conversations with the Hankook team will also be available.

Mark Webb, Event Director, said, “Hankook Tyre UK have been with Supercar Fest since the very beginning in 2019, and their continued support has been incredible. As our longest-standing partner, they are truly part of the Supercar Fest family. It feels especially fitting that this year we return to Shelsley Walsh, where it all started. From showcasing a Formula E car at our flagship Runway event in May, to bringing a WRC car for live demonstrations at the Hill Climb, they continue to raise the bar. Shelsley Walsh, as the oldest motorsport venue in the world, provides the perfect backdrop for this. The venue’s rich history combined with Hankook’s cutting-edge motorsport presence will create something genuinely special for our visitors. We’re proud to have them alongside us on this journey and look forward to another fantastic year together.”

Ben Francis, Sales Manager, Hankook Tyre UK, said, “We’re proud to continue our partnership with Supercar Fest, one of the UKs leading automotive events. Visitors can experience Hankook’s world-class tyre technology up close, showcased alongside a Formula E car at Sywell Aerodrome and a live action WRC car at Shelsy Walsh – a true spectacle on a historic track.”

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TyreSafe, UK’s charity dedicated to raising tyre safety awareness, has entered into a new collaboration with Bradford Council aimed at raising tyre safety awareness among road users across the district. Given that Bradford’s roads see over 1.5 billion vehicle miles travelled annually, combined with a dense urban traffic environment and a significant number of learner and newly qualified drivers, maintaining legally compliant and well-maintained tyres has become essential for road safety. Both TyreSafe and the Council are existing partners of West Yorkshire Vision Zero, a 2024 initiative designed to eliminate all road deaths and serious injuries in the region.

Under this partnership, TyreSafe will work directly with Bradford Council’s Road Safety Team to encourage simple, preventative tyre checks. The goal is to help drivers understand how tyre condition influences braking performance, wet weather grip and overall vehicle control, especially on crowded urban roads where shorter stopping distances are critical. Bradford Council continues to invest in education, engagement and enforcement to lower road casualties, with a strong emphasis on helping road users develop safer habits and keep their vehicles roadworthy.

Through joint campaigns and engagement activities, TyreSafe and Bradford Council aim to improve tyre safety knowledge, support safer travel and contribute to the Council’s broader casualty-reduction objectives.

Stuart Lovatt, Chair of TyreSafe, said, “Tyres are fundamental to a vehicle’s safety, yet they’re often overlooked. In a district like Bradford, where traffic levels are high and journeys are frequent, worn or under-inflated tyres can significantly increase risk. By partnering with Bradford Council, we can reinforce the importance of regular tyre checks and help road users understand how maintaining their tyres plays a key role in keeping themselves and others safe.”

Cllr Alex Ross-Shaw, Portfolio Holder – Regeneration, Planning & Transport at Bradford Council, said, “Vehicle condition is an important part of road safety, and tyres play a crucial role in how a vehicle performs – particularly when braking or driving in wet conditions. Working with TyreSafe allows us to strengthen our road safety messaging and encourage drivers across the district to take simple steps that can make a real difference on Bradford’s roads.”

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Trelleborg Tires is showcasing its latest agricultural tyre innovations at Agrishow 2026 in Ribeirão Preto, Brazil, a premier Latin American trade fair. The company will present its advanced solutions at booth E8b, focusing on how tyre technology is driving progress in modern farming. Central to the showcase is ProgressiveTraction technology, which enhances traction and operational efficiency to meet the growing demands of agricultural operations that increasingly blend fieldwork with road transport.

Agricultural operations in Brazil face rising challenges such as higher loads, mixed usage cycles and continuous work in segments like sugarcane. In this environment, tyres have transformed from simple components into strategic assets that influence productivity, fuel efficiency and cost per hectare. Trelleborg’s latest innovations aim to support this shift by improving performance while preserving soil structure and optimizing overall efficiency.

The flagship product is the TM1000 ProgressiveTraction tyre, displayed in size VF 710/70R42 PFO 184D for high-horsepower tractors. It combines VF and PFO technologies with a specialised tread design to increase load capacity, enhance traction and reduce soil stress. Widely recognised as original equipment on premium tractor brands such as Fendt, the TM1000 will be exhibited alongside a Trelleborg wheel to demonstrate a fully integrated original equipment solution.

Another key highlight is the TM800 PowerFlex in size VF 710/70R38TL 178D, introduced to Brazil for operations requiring both field and road capability. Its VF-PFO construction and ProgressiveTraction tread include a central rib inspired by road tyres. Tests have shown up to 20 percent more traction under specific conditions, plus reduced soil stress, improved self-cleaning, lower rolling resistance, enhanced comfort and extended service life. The portfolio also debuts the TM200 in Brazil at Agrishow 2026, extending ProgressiveTraction benefits to new applications, alongside the TM900 for high-power tractors.

Marcelo Natalini, Regional President South America, Yokohama TWS, said, “Brazil is one of the most important agricultural markets globally and is rapidly advancing in the adoption of more efficient technologies such as VF and radial tyres. Trelleborg plays a leading role in this transformation, bringing to Brazil innovations already established in global markets and helping farmers increase productivity while preserving soil health.”

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The Alliance for the Future of Tires (AZuR) has expanded its network by securing Siemens AG (Digital Industries) as its newest partner, taking another step towards advancing digital transformation throughout the tyre and recycling sectors and transformation to a tyre circular economy. This new collaboration reinforces AZuR’s standing as a cross-disciplinary hub that connects innovation, industrial know‑how and sustainable practices.

Siemens brings deep experience in automation and digitalisation to the Europe-wide network, with the shared goal of accelerating a sustainable, ethical and green tyre value chain. The company pursues a holistic approach covering the entire tyre lifecycle, from production and use to end-of-life. A particular emphasis is placed on the end-of-life segment, where Siemens aims to expand its ecosystem through more efficient processing methods and continuous data collection across the increasingly extended lifecycle of tyres.

Working closely with stakeholders including raw material suppliers, machine manufacturers and producers, Siemens seeks to help meet regulatory requirements while unlocking new efficiency gains. A key technological example is the digital twin, a virtual representation of real-world systems and processes. These simulations allow dynamic testing of developments, process optimisations and new methods without physical prototypes, enabling resource-conserving, data-driven improvements for individual tyres or complete recycling and retreading plants.

Siemens’ digital solutions also support precise planning and efficient operation of tyre recycling and retreading facilities for all vehicle types, as well as data-driven tyre tracking for transparent lifecycle documentation. Through this partnership, AZuR demonstrates that transforming the tyre industry depends on the interplay of technology, data and cooperation.

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