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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Plaza Tire Service, a prominent tyre and automotive service provider in the Midwest and member of the Sun Auto Network, has expanded its footprint with a new store in Mattoon, Illinois. The addition strengthens the company's presence in the state and offers drivers throughout Central Illinois improved access to trusted tyre and vehicle maintenance services.

The Mattoon location provides motorists with a convenient destination for tyres, preventive maintenance and automotive repair. Customers can choose from an extensive inventory of leading tyre brands while accessing a full range of services, including oil changes, brake service, batteries, alignments, steering and suspension repair and other routine maintenance.

Plaza Tire Service emphasises selection, convenience and value through its Price Match Guarantee and signature 4 Tires in 1 Hour Guarantee, with broad in-stock inventory available for same-day installation. Founded in Missouri in 1963, the company has become one of the Midwest's largest tyre and automotive service providers, operating across five states while combining regional heritage with the resources of the more than 600-location Sun Auto Network.

Rob Kingery, Regional Vice President, Sun Auto Tire & Service, said, "We're excited to bring Plaza Tire Service to Mattoon and introduce more drivers to the convenience, value and trusted service that have defined our brand for more than 60 years. This location allows us to serve the community with the tyre expertise, same-day service and comprehensive automotive care that customers have come to expect from Plaza Tire Service."

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Bridgestone has unveiled the BATTLAX ADVENTURE A42, an adventure motorcycle tyre slated for sequential release across global markets beginning 1 January 2027. Conceptualised as the answer to road-going adventurers, the tyre targets riders who predominantly stay on pavement, aiming to blend peace of mind, economy and comfort. Whether navigating city streets, expressways or winding roads, it seeks to harmonise wet performance and wear life while curbing ride noise to support comfortable long-distance touring.

Adventure motorcycles are prized for their versatility, spanning urban commuting to extended travel. In Europe, demand for tyres in this segment has climbed 45 percent over the past decade. Bridgestone originally addressed this growing category with the BATTLAX ADVENTURE A41 in December 2017, responding to rider priorities such as wet-weather grip during sudden downpours, wear resistance and long-haul comfort.

The new A42 builds on that foundation with measurable gains in three areas. Under straight-line acceleration, tyre slip ratio drops 14 percent versus the prior model, aiding stability in rain. Wear life extends by 18 percent at the front and 25 percent at the rear. A larger contact patch enhances stability and comfort, and internal testing showed a 15 percent reduction in tyre noise.

These improvements stem from new tread compounds, an adventure-inspired tread pattern and optimised construction that carries forward core BATTLAX lineage details with materials tailored to road-oriented adventure bikes. The front compound employs a flexible polymer for road grip, while the rear uses a polymer boosting wear resistance and mileage – both feature tuned silica and carbon content. The aggressive yet refined pattern, inheriting the latest BATTLAX design language, incorporates Pulse Groove water drainage technology and a revised groove layout that raises pattern stiffness, balancing wet performance, wear life and quietness.

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Apollo Tyres Ltd's premium Vredestein brand has reinforced its all-season reputation after the Quatrac Pro 2 and Quatrac delivered strong results across three German group tests by Auto Bild, Auto Bild Allrad and Auto Motor und Sport, with the Quatrac Pro 2 earning Exemplary ratings in both Auto Bild evaluations and the Quatrac securing a Very good rating and a Price Performance recommendation from Auto Motor und Sport.

Auto Bild placed the Quatrac Pro 2 joint second in size 225/45 R 17. Thirty tyres entered wet and dry braking qualification, with 15 advancing to full testing in a Volkswagen Golf and Golf GTI. The tyre produced the best snow performance, with the shortest snow braking distance at 25 metres from 50 kmph, the fastest snow handling at 55.6 kmph and the highest snow slalom lateral acceleration at 2.51 m/s². It recorded the second shortest wet braking distance at 42.8 metres from 100 kmph and the lowest pass-by noise at 69.6 dB(A).

In Auto Bild Allrad's SUV test, the Quatrac Pro 2 finished joint second among 12 products in size 225/55 R 18 on a MINI Countryman, recording the shortest wet braking distance at 51.8 metres from 100 kmph and strong aquaplaning results, sharing second in the snow slalom at 4.70 m/s², recording joint third snow braking at 25.9 metres from 50 kmph, ranking fourth in dry braking at 39.4 metres from 100 kmph and achieving the lowest pass-by noise at 68.2 dB. Launched this year, the Quatrac Pro 2 covers 17- to 24-inch rims, with widths up to 355mm, speed ratings up to 300 kmph and high-load options, while its longitudinal and directional groove tread supports an A wet grip rating.

Auto Motor und Sport tested the Quatrac in size 195/55 R 16 on a Hyundai i20, where it stopped in 30.4 metres from 80 kmph on wet roads, recorded the second fastest wet handling at 88.5 kmph and ranked third in the wet circle at 7.71 m/s². On dry roads the Quatrac recorded the second fastest handling at 115.9 kmph, with testers noting agile steering and stability in avoidance manoeuvres, while it showed balanced snow handling at 88 kmph. Vredestein has been recognised for all-season tyres since the 1990s and now offers one of the market's most comprehensive portfolios.

Yves Pouliquen, Vice President, Commercial EMEA at Apollo Tyres Ltd, said, “Drivers choosing all-season tyres want confidence that they can cope with changing conditions throughout the year. These independent test results demonstrate the strength of our all-season range, from the Quatrac for mid-sized family cars and SUVs, to the Quatrac Pro 2 optimised for high-performance vehicles of all types. These products are the result of enduring commitment to the all-season category, as well as our focus on designing and developing tyres in Europe to meet the needs of European drivers.”

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TBC Corporation, one of North America’s largest marketers of automotive replacement tyres through wholesale and franchise operations, has expanded its Multi-Mile Tires lineup with the Multi-Mile Matrix 4S, an all-weather tyre designed to deliver dependable, durable traction across diverse terrains and weather conditions. The addition broadens a portfolio that now covers nearly 90 percent of the vehicle market, positioning dealers to address virtually any customer requirement.

The Matrix 4S incorporates an advanced all-weather tread compound paired with a distinctive asymmetric tread pattern for strong grip and stable handling. It holds 3-Peak Mountain Snowflake severe snow certification, while turned tread blocks help minimise road noise for a quieter, smoother ride. The tyre comes in 24 sizes spanning 15 to 20 inches, accommodating a broad range of passenger cars and CUVs.

Multi-Mile, a prominent name in the replacement tyre market, offers touring, high-performance and broad-line products for passenger cars, light trucks and SUVs. Every Multi-Mile tyre is supported by the Mile After Mile Protection Plan, encompassing three-year roadside assistance, three-year road hazard protection and a 60-day satisfaction guarantee.

Rachel Tibor, Chief Marketing Officer for TBC Wholesale, said, “The Matrix 4S adds to a Multi-Mile Tires portfolio that has produced durable, reliable and cost-effective tyres for more than 70 years. Multi-Mile Tires deliver the safety and performance drivers have come to expect and the product options dealers demand. We continue to expand our portfolio to provide the right tyres at the right time for any type of vehicle or application.”

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