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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In a major step to advance its global manufacturing footprint, China’s Triangle Tyre has unveiled plans for a new facility in Cambodia. The company will invest CNY 3,219 billion (approximately USD 462 million) to construct a tyre plant in Svay Rieng Province, with construction slated to commence in March 2026. This project represents a cornerstone of the firm’s international expansion strategy and a deepening engagement with the Belt and Road Initiative.

The future facility is designed to produce six million high-performance passenger car tyres and one million commercial vehicle tyres annually. It will employ proprietary manufacturing technologies developed by Triangle Tyre. Output from the Cambodian plant is primarily destined for key international markets, including North America, Europe, the Middle East, Africa and Southeast Asia.

Establishing a local, wholly-owned subsidiary will facilitate the project's implementation and ongoing operations. Company officials position the investment as a strategic move to optimize global supply chain and sales networks while enhancing overall market competitiveness. Financial projections indicate the project is expected to generate average annual revenues of approximately CNY 2,585 billion (approximately USD 371 million) upon reaching full production, with an estimated investment return rate of 15.1 percent.

This overseas capacity expansion is viewed as a direct response to China’s ‘Go Global’ policy. It aims to secure new market opportunities and sustainable profit growth, thereby strengthening the company’s position for long-term development in the global tyre industry.

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Hankook Tire commences its second year as the exclusive tyre supplier for all classes of the FIA World Rally Championship (WRC), beginning with the iconic Rallye Monte-Carlo from 22 to 25 January. This 94th edition of the legendary event, covering 339 kilometres across 17 special stages in Monaco and France, is renowned for its unpredictable Alpine conditions. The challenge of rapidly changing surfaces, from tarmac to snow and ice, makes tire selection and performance absolutely critical to competitive success.

For this demanding opener, Hankook will provide its advanced Ventus Z215 tarmac tyre, engineered for precise handling and cornering stability on dry roads. To tackle winter conditions, the company will supply its Winter i*cept SR20, available in both studded and non-studded versions to ensure exceptional traction and control on snow and ice. These products incorporate the brand's latest motorsport technology, developed in collaboration with participating manufacturers to meet the championship's rigorous demands.

Beyond the technical partnership, Hankook plans to enhance its fan engagement throughout the 2026 season. Initiatives include operating ‘Brand World’ marketing booths at service parks for events like the Croatia Rally and Vodafone Rally de Portugal, alongside hosting ‘Stage Hospitality’ at select regional rallies. These efforts are designed to offer unique brand experiences to spectators and partners, solidifying Hankook's premium global image. The company will also leverage its official digital channels to share real-time updates and rally content with a worldwide audience.

The 2026 WRC calendar comprises 14 rounds spanning Europe, Africa, South America and Asia. Having established its technological leadership since becoming the exclusive supplier in 2025, Hankook aims to build on its proven record of consistent performance under extreme conditions, supporting another fiercely competitive championship.

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Continental has enhanced its gravel range with the introduction of the Terra Adventure Graphite-Reflex, a tyre engineered for visibility and extended exploration. This new model incorporates a Graphite Reflective sidewall strip, certified to the R88 standard, to dramatically improve rider visibility during low-light and night-time riding. This key safety feature empowers cyclists to venture further with confidence, bridging the gap between gravel and cross-country mountain biking without compromising performance.

The tyre builds on a foundation of proven off-road technology, featuring a fast-rolling, open tread pattern derived from Continental's mountain bike expertise. This design ensures reliable traction across diverse surfaces, from soft soil to hardpack. Reinforced shoulder knobs provide secure cornering, while a specific 3-3-4 centre stud arrangement offers stability under braking and smooth handling over mixed terrain. Underpinning this capability is Continental's Grip Compound and protective Trail Casing, which work in concert to deliver durable, all-condition performance.

Fully tubeless-ready and hookless rim compatible, the Terra Adventure Graphite-Reflex is available in multiple widths to suit different riding preferences. Ranging from a speed-oriented 45 mm option to a plush 55 mm version, each tyre is constructed to offer long-distance durability and consistent control, making it a versatile choice for riders who demand both safety and uncompromising capability on their adventures.

Alexander Haenke, MTB and Gravel Product Manager, Continental Tires, said, “With the new Terra Adventure Graphite-Reflex, we’re expanding our gravel tyre portfolio for riders who want to venture further with greater confidence. By integrating R88-certified Graphite-Reflex, we’re improving low-light visibility and offering riders extra peace of mind on extended or unpredictable routes. Whether you’re tackling dark-season gravel rides or pushing through late-night bikepacking miles, Terra Adventure Graphite-Reflex adds a meaningful safety advantage without compromising style or performance. At Continental, we’re dedicated to creating products that align with every rider’s adventure – and with this new addition, the journey can continue long after the sun goes down.”

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The Rubber Division, American Chemical Society has announced the recipients of its 2026 Science and Technology Awards, recognising seven researchers for contributions to elastomer science, sustainability and manufacturing innovation.

Dr Rabindra Mukhopadhyay has been named winner of the Sustainability in Elastomers Award, which recognises advances that reduce environmental impact and improve material compatibility across the elastomer value chain.

The Sustainability in Elastomers Award, sponsored by ACE Laboratories, was established in 2018 as the Bioelastomer Award and later expanded to reflect broader sustainability goals. It carries a USD 3,000 prize, an engraved plaque and travel support.

Dr Mukhopadhyay is Chairman of the Indian Rubber Institute and Director and Chief Executive Officer of the Hari Shankar Singhania Elastomer and Tyre Research Institute. He also serves as Director (R&D) at JK Tyre & Industries Ltd. He is a Fellow of several professional bodies, including the Indian National Academy of Engineers, the Institution of Engineers India, the Rubber Division of the American Chemical Society, the Indian Society of Analytical Scientists and the Indian Institute of Quality.

He is a Visiting Faculty Member at a number of Indian universities, including the Indian Institute of Technology, and serves as a Senate Member of the Indian Institute of Technology (Patna). He is also a Member of the Academic Advisory Board of Techno India NJR Institute of Technology, a Member of the Governing Council of the Rubber Skill Development Centre, and a Member of the Advisory Board of Certification Services at the British Standards Institution. Mukhopadhyay has spent 38 years in the polymer industry, with a focus on education, training and research in rubber science and tyre technology, and has authored more than 175 research papers and holds six patents.

The division’s highest honour, the Charles Goodyear Medal, has been awarded to Dr Gregory McKenna. Sponsored by HF GROUP, the medal recognises invention or innovation that has made a significant contribution to the rubber industry. The award includes USD 6,000, a gold medal, a framed certificate, lifetime membership of the Rubber Division and travel expenses.

Dr Will Mars has been selected for the Melvin Mooney Distinguished Technology Award, sponsored by Lion Elastomers. The award recognises sustained technical contributions to rubber science and technology and includes USD 3,000, an engraved plaque, lifetime membership and travel support.

The George Stafford Whitby Award for Distinguished Teaching and Research has been awarded to Dr Rigoberto Advincula. Sponsored by Cabot Corporation, the award honours international excellence in polymer science education and research and includes USD 3,000, an engraved plaque and travel expenses.

Dr Clément Robin is the recipient of the Sparks-Thomas Award, sponsored by Endurica. The award recognises scientific contributions by early-career researchers within 25 years of earning a bachelor’s degree and includes USD 4,000, an engraved plaque and travel support.

The Chemistry of Thermoplastic Elastomers Award has been awarded to Dr Timothy Lodge. Sponsored by Renkert Oil, the award recognises advances in the chemistry of thermoplastic elastomers, particularly work leading to new commercial or patentable materials. It carries a USD 4,000 prize, an engraved plaque and travel expenses.

Dr Gerard Nijman will receive the Fernley H Banbury Award, also sponsored by HF Group, for innovations in rubber processing equipment, instrumentation and manufacturing technology. The award includes USD 3,000, an engraved plaque and travel support.

The Rubber Division, ACS Science and Technology Awards programme has recognised achievement in rubber and elastomer science since 1941. Award recipients will be formally recognised at a forthcoming Rubber Division meeting, where they will deliver technical lectures on their work.

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