GRP Reports 20% Revenue Growth, Plans Major Expansion into Tyre Recycling

GRP Reports 20% Revenue Growth, Plans Major Expansion into Tyre Recycling

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.

Sun Auto Network Expands Middle Tennessee Footprint With Quality Tire & Auto Acquisition

Sun Auto Network Expands Middle Tennessee Footprint With Quality Tire & Auto Acquisition

Sun Auto Network has expanded its national footprint by acquiring Quality Tire & Auto in Murfreesboro, Tennessee. The transaction officially closed on 11 May, adding the store to the company’s growing portfolio. This acquisition represents Sun Auto’s third location in the state, reinforcing its regional presence along key transportation arteries in Middle Tennessee.

The Murfreesboro acquisition is part of a broader expansion strategy that has added more than 40 new locations this year through both purchases and new builds. Joining the network provides the shop with enhanced operational support, connected technology and customer-focused service tools. These resources are designed to strengthen the in-store customer experience and support long-term market growth across the Southeast.

The Murfreesboro location delivers complete automotive repair and tyre services, featuring leading tyre brands with a price match guarantee. Additional services include alignments, brakes, oil changes, batteries, diagnostics and preventative maintenance. This addition further improves the network’s connectivity throughout the region.

Rob Kingery, Regional Vice President Operations, said, "Tennessee continues to be an important growth market for our network. Adding Quality Tire & Auto allows us to expand Sun Auto's reach while continuing to deliver the trusted service and customer experience drivers expect."

Sailun Tyre Europe Partners With Germany’s Minrath Gruppe For Regional Expansion

Sailun Tyre Europe Partners With Germany’s Minrath Gruppe For Regional Expansion

Sailun Tyre Europe has confirmed a new partnership with the Minrath Gruppe, a major automotive retail and service provider operating in Germany’s Lower Rhine region. The agreement sees the tyre manufacturer supplying its full product range to support Minrath’s growing replacement tyre and complete wheel business.

Minrath operates 14 dealerships and service locations, representing brands including Audi, BYD, Cupra, MG, Seat, Škoda and Volkswagen Commercial Vehicles. Under the partnership, Sailun will provide its Smart Performance tyre solutions for vehicles powered by electric, hybrid, petrol and diesel drivetrains, encompassing summer, winter and all-season tyres. Special attention has been given to the Sailun 4Seasons Ultra, which earned an ‘AutoBild Approved’ rating and a ‘Good’ result in AutoBild’s tyre test for size 225/40 R18.

The collaboration combines Minrath’s multi-brand expertise with Sailun’s tyre technology. Both companies have expressed anticipation for a successful working relationship, aiming to deliver reliable tyre solutions to more customers across the region.

Borusiak Thomas, Managing Director, Autohaus Minrath GmbH & Co. KG, said, “Sailun’s ‘Smart Performance’ concept and the demonstration of the tyres won us over straight away. The value for money, proven quality and wide range that we can pass on to our customers further strengthens our position in the region.”

Harry Wang, General Manager, Sailun Group Europe, said, “We are extremely proud that the quality of our tyres and our brand philosophy have convinced the professionals at Minrath Group.”

Tegeta Green Planet Launches Youth Environmental Initiative In Batumi Schools

Tegeta Green Planet Launches Youth Environmental Initiative In Batumi Schools

Tegeta Green Planet has launched an educational initiative targeting young people to foster environmental responsibility and awareness. The effort responds to the growing global challenges of sustainable development and environmental protection. By focusing on youth education, the organisation aims to build a foundation for long-term ecological consciousness and active public participation in preserving natural resources.

Operating since 2022, Tegeta Green Planet is among the first entities in Georgia authorised by the Ministry of Environmental Protection and Agriculture under the Extended Producer Responsibility framework. This system is central to modern environmental policy, ensuring full-cycle management of specific waste streams such as used tyres, oils and batteries. The process covers collection, transportation, recycling and further handling aligned with circular economy principles.

As part of this drive, company representatives visited multiple schools in Batumi, a Black Sea coastal city and major tourist hub. Given Batumi’s rapid urbanisation and growing tourism, the need for proper waste management and ecological awareness is especially acute. The interactive sessions included presentations and workshops, teaching students how to handle used tyres, batteries and oils correctly; why such management is vital and how waste can become a resource through circular economy models. Students also learned how individual responsible behaviour affects the environment and the future.

The programme employs a practical format with educational games and activities after presentations, encouraging participants to ask questions and discuss eco-friendly daily choices. Attendees receive symbolic gifts and prizes as motivation. Through this project, Tegeta Green Planet continues its educational work across Georgia, aiming to inform and involve the younger generation in building a cleaner environment. The organisation maintains that environmental care extends beyond waste management to include education and a culture of responsibility for a sustainable future.

TyreSafe And Good Egg Safety Launch National Partnership To Tackle Child Seat And Tyre Risks

TyreSafe And Good Egg Safety Launch National Partnership To Tackle Child Seat And Tyre Risks

TyreSafe and Good Egg Safety CIC have formed a major national partnership to tackle child seat misuse and vehicle safety together. The collaboration unites the UK’s leading child seat safety organisation with the country’s road safety charity, creating a pioneering programme designed to address both risks at scale. Following a planned pilot with Bradford City Council’s Road Safety Team, the initiative will roll out joint child seat and tyre safety check clinics across the UK using a data-led approach that reflects real-world road risks.

Good Egg Safety’s evidence, drawn from over 45,000 child seat checks, shows that more than 60 percent of child restraints are incorrectly fitted or incompatible, with many involving serious errors that could lead to life-changing or fatal injuries. Simultaneously, unroadworthy or illegal tyres remain a critical but often overlooked factor in many collisions. The partnership directly confronts both hazards by protecting children inside the vehicle while ensuring the vehicle itself is safe for emergency manoeuvres.

Good Egg Safety is known for its government-funded Advanced Child Seat Training Programme, which has accredited hundreds of professionals from police, fire and rescue, public health and local authorities. Unlike awareness-only campaigns, its evidence-based and behaviour-led approach has produced average knowledge increases of over 500 percent among professionals and up to 96 percent retention at six months. The new partnership extends this impact into real-world intervention and prevention.

Joint clinics will offer expert child seat checks, identification of high-risk installations, tyre safety inspections including tread depth and pressure and practical pre-journey advice. This whole-vehicle safety model aligns with the UK’s Safe System approach. The partnership will be showcased at the TyreSafe National Briefing in June 2026 and the Road Safety GB National Conference in November 2026, where early findings and national rollout plans will be presented. By combining training, community engagement and hands-on checks, the programme provides one of the most scalable and effective interventions available to protect children on UK roads.

Stuart Lovatt, Chair of Tyresafe, said, “This partnership with Good Egg Safety CIC represents a significant step forward in our shared ambition to reduce avoidable road casualties. By combining expertise in child seat safety with tyre safety checks, we are addressing two critical but often disconnected risk factors in a practical, evidence-led way. The planned pilot in Bradford, followed by national rollout, will allow us to better understand real-world vehicle safety issues and intervene directly with families at the point of need. Working together in this way strengthens the Safe System approach and has the potential to make a measurable difference in saving lives and reducing incidents on UK roads.”

Janis James MBE, CEO, Good Egg Safety CIC, said, “For too long, road safety messaging has treated risks in isolation. In reality, a correctly fitted child seat cannot compensate for a vehicle that cannot stop safely – and safe tyres cannot protect a child who is incorrectly restrained. This partnership is about bringing those two critical elements together in a way that is practical, evidence-led and capable of saving lives at scale.”

Alison Lowe OBE, Chair of the West Yorkshire Vision Zero Board, said, “The fact that two thirds of children are at risk travelling in unsafe seats is deeply troubling. Being a nana myself, I made sure to make use of the Good Egg Safety service and I am very glad that I did. We have worked with them for a number of years to run child car seat checking events. I am pleased to say that another 50 sessions will be taking place over the coming months in West Yorkshire as part of our work to reduce road deaths and serious injury to zero by 2040.”