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.
Yokohama ADVAN-Equipped BMW M3 Touring 24H Wins SP-X Class, Finishes Fifth Overall At Nürburgring 24H
- By TT News
- May 27, 2026
The Yokohama Rubber Co., Ltd. has announced that a vehicle equipped with its ADVAN global flagship brand tyres claimed victory in the SP-X class at the ADAC RAVENOL 24h Nürburgring, held in Germany from 14 to 17 May. The car also secured an impressive fifth place overall in the gruelling endurance race.
The winning No 81 BMW M3 Touring 24H, fielded by partner BMW M Motorsport, started from 22nd position before rapidly advancing into the leading pack. Designed as a fan-focused car for the Nürburgring, it shares its technical foundation with the BMW M4 GT3 EVO while retaining the M3 Touring body shell. The team maintained high speeds and error-free driving to finish fifth overall, competing alongside SP9 class leaders.
Two additional ADVAN-equipped cars finished within the top 10 overall. Haupt Racing Team’s No. 67 Ford Mustang GT3 EVO secured eighth place, followed by BMW M Motorsport’s No. 77 BMW M4 GT3 EVO in ninth. These results at one of the world’s most demanding circuits underscore the high performance of Yokohama Rubber’s ADVAN racing tyres.
Beyond the 24-hour race, Yokohama Rubber supplies ADVAN tyres to KONDO RACING and the same three teams competing in this year’s Nürburgring Langstrecken-Serie, which began in March. BMW M Motorsport’s No. 77 already won NLS Round 3 in April, and the company anticipates further victories from its partner teams throughout the season.
Prinx Chengshan Brand Open Day Held At JMC Product R&D Institute
- By TT News
- May 27, 2026
Prinx Chengshan hosted its Brand Open Day on 21 May at the Jiangling Motors Corporation (JMC) Product R&D Institute, showcasing cutting-edge achievements and technical strengths. The event was designed to build deeper mutual trust and align industrial development strategies between the tyre manufacturer and the automaker.
The partnership between Prinx Chengshan and JMC began in 1992, and over 34 years, their collaboration has continuously deepened. They have expanded beyond traditional strongholds like pickup trucks, light trucks and light buses into passenger vehicle supporting businesses, achieving integration in supply chain stability and technological co-innovation. Executive President Jiang Xizhou addressed industry trends such as electrification and connectivity, positioning Prinx Chengshan as a future-oriented, technology-driven enterprise. R&D Center Director Li Chongbing detailed the company’s digital R&D system and collaborative innovation ecosystem, while Marketing Center Director Wang Hongdian introduced the brand portfolio and strategy for the global flagship brand, PRINX.
During technical exchange sessions, Prinx Chengshan leveraged its fundamental research capabilities to discuss tyre NVH technology, virtual tyre sampling, EV tyre formulations and smart tyre solutions with the JMC R&D team, reinforcing consensus on core technologies. At a separate Technical Showcase Area, the company set up experience zones for Silenteck silent technology and low-temperature low-rolling-resistance technology, turning abstract principles into immersive demonstrations. Other innovations on display included X-CHIP smart tyres, colourful tyre technology, Vanta Black and Healteck self-healing technology.
The open day served as both a comprehensive brand showcase and a major opportunity to deepen the longstanding cooperation. Prinx Chengshan will now accelerate its transformation from a tyre supplier into a technical partner for automakers, working closely with JMC on R&D innovation, vehicle matching and technical upgrades to jointly drive sustainable development in the transportation industry.
Dunlop And Fanatec Join Forces For Three-Year Virtual Motorsport Collaboration
- By TT News
- May 27, 2026
Dunlop Tyre Europe GmbH has secured a fresh three-year alliance with Fanatec, a premier sim racing hardware manufacturer and an official Formula 1 partner under the Corsair Group. Fanatec’s high-end equipment is widely used by both passionate sim racing amateurs and professional esports athletes.
Dunlop has been actively involved in digital motorsport since September 2025 through an official role with Gran Turismo on PlayStation, developed by Polyphony Digital and Sony Interactive Entertainment. That simulation platform allows Dunlop to express its performance heritage virtually. The new Fanatec deal logically extends this foundation, combining Gran Turismo’s authentic racing scenarios with Fanatec’s premium gear to deliver a lifelike driving experience.
A primary focus of the partnership is improving audience engagement with motorsport. Fanatec’s racing setups will appear at live trade shows and events, starting with TIRE COLOGNE 2026 from 9 to 11 June, giving attendees a chance to enter a virtual cockpit and feel racing firsthand.
This cooperation seeks to bridge different enthusiast groups and strengthen ties between the motorsport and sim racing communities. By merging digital authenticity with high-grade hardware, Dunlop aims to advance motorsport both technologically and emotionally, ensuring it stays relevant for contemporary audiences.
Dennis Wilstermann, Marketing Manager, DUNLOP Tyre Europe GmbH, said, “As an official partner of Gran Turismo, it was clear to us that collaborating with Fanatec is the next logical step. Together, we are creating a platform where motorsport can be experienced at every level – digital, virtual and real.”
JK Tyre Approves INR 49.8 Bln Capacity Expansion for TBR and PCR Tyres by FY30
- By Sharad Matade
- May 26, 2026
JK Tyre & Industries has approved a phased capacity expansion plan involving an investment of INR 49.8 bllion to strengthen its presence in the Truck and Bus Radial (TBR) and Passenger Car Radial (PCR) tyre segments.
The company said its board of directors, at a meeting held on May 26, approved the expansion of TBR production at its Chennai Tyre Plant (CTP) and Vikrant Tyre Plant (VTP), along with PCR capacity expansion at the Chennai facility.
JK Tyre currently has an installed TBR and PCR capacity of 21 million tyres per annum, including capacities under implementation, with utilisation levels running at over 90 percent. The proposed expansion will increase overall capacity by 24 percent and is scheduled to be completed by FY30.
The investment will be undertaken in phases and financed through a combination of internal accruals and debt, the company said in its regulatory filing.
According to JK Tyre, the expansion is driven by robust demand across tyre categories in the Indian market and the need to maintain and strengthen its market presence.
The announcement comes alongside the company’s strong FY26 performance, with JK Tyre reporting record revenues and profitability amid rising domestic demand and higher sales volumes.
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