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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Sumitomo Rubber Industries will rename a number of its overseas subsidiaries to carry the Dunlop brand as the company moves to unify its global tyre business and strengthen brand value across key markets.

The changes, approved by the board on 27 November, follow Sumitomo Rubber’s acquisition earlier this year of the Dunlop trademark and related rights for four-wheel tyres in Europe, North America and Oceania. The company said the rebranding supports its long-term strategy, “R.I.S.E. 2035,” which places Dunlop at the centre of its global operations. The move is still subject to approval at each subsidiary’s extraordinary shareholders’ meeting.

With the new rights in place, the firm aims to present a consistent brand message to customers around the world. It said Dunlop’s value should be reflected not only in products but also in services, user experience and corporate identity. Subsidiaries across Europe, the US, Australia, Latin America, the Middle East and Taiwan will adopt new Dunlop-branded names from January 2026, with one change planned for February.

In Europe, Falken Tyre Europe GmbH in Germany will become Dunlop Tyre Europe GmbH, while Srixon Sports Europe Ltd. in the UK will be renamed Dunlop Golf Europe Ltd. In the US, Sumitomo Rubber North America, Inc. will become Dunlop Tires North America, Inc., and in Australia, Sumitomo Rubber Australia Pty. Ltd. will take the name Dunlop Tyre Australia Pty. Ltd. Subsidiaries in Chile, Taiwan and the Middle East will also adopt the Dunlop identity.

Sumitomo Rubber said the rebranding is expected to strengthen customer recognition and help build Dunlop into a brand “chosen by customers” across regions. The company is also seeking to reinforce brand management as it expands globally, particularly in the competitive replacement tyre market.

The firm clarified that use of the Dunlop brand continues to carry certain regional exclusions, such as India and parts of Southeast Asia for four-wheel tyres, and India, Europe and Oceania for motorcycle tyres. Nevertheless, the company said it intends to apply a unified brand approach wherever possible to support long-term growth.

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Bridgestone has introduced a new addition to its Potenza ultra-high-performance line: the RE-71RZ extreme summer tyre. Designed specifically for grassroots racing, this tyre succeeds the acclaimed RE-71RS model. It aims to deliver quicker lap times and sharp, responsive handling, empowering drivers to maximise their performance on the circuit. A cornerstone of its design is the incorporation of ENLITEN technology, Bridgestone's next-generation platform focused on enhancing durability and advancing sustainable product design.

The tyre's development directly targets key performance metrics. On-track testing at Japan's Tsukuba Circuit demonstrated significant improvements, with the RE-71RZ achieving lap times approximately three-quarters of a second faster than its predecessor in both dry and wet conditions. This gain is attributed to several advanced engineering features. A new high-grip rubber compound, developed using insights from motorsports and proprietary NanoPro-Tech, enhances traction at a molecular level. The tread pattern has been redesigned with a stiffer construction and a larger outside shoulder to improve grip and stability, while a strategically placed main groove on the inside edge helps suppress uneven wear for longer track life. Furthermore, Bridgestone utilised its unique ULTIMAT EYE digital modelling tool to optimise the tyre's structure, creating a more uniform contact area for superior cornering grip.

Professional drivers Masahiro Sasaki and Yuji Tachikawa provided critical feedback during development, their expertise helping to refine the tyre's track-focused characteristics. The Potenza RE-71RZ builds upon a legacy that began in 1979, crafted for enthusiasts who demand competition-ready performance that transitions from daily driving to weekend motorsports. It has been approved for competition use by the Sports Car Club of America (SCCA) and will be eligible for Solo and Time Trials events starting in 2026. The tyre will be offered in 45 sizes and is scheduled to launch in the North American market on 31 December 2025.

Sasaki said, “As its strong point, the Potenza RE-71RZ achieves a high level of performance in both grip and controllability. It delivers improved dry and wet performance for street use while also achieving faster lap times and better wear resistance on the track. This tyre delivers high performance in various situations, making it enjoyable and easy to handle for both everyday driving and track use.”

Tachikawa said, “This tyre is designed for easy handling, allowing anyone to experience precise control along with excellent grip. The tyre is focused on quick warm-up for immediate, high-grip performance as well as reliable wet grip, resulting in a well-balanced tyre suitable for various driving conditions.”

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Prometeon Tyre Manufacturing is in discussions with Egypt’s Ministry of Investment and Foreign Trade over a planned US$400 million expansion, as the company moves to scale up production and strengthen its position in one of its key regional hubs.

A senior delegation from parent company China National Tire & Rubber Company met Minister Hassan Al-Khatib in Cairo to outline Prometeon’s growth plans for its Amreya factory in Alexandria. The group included chairman Wang Jian Jun, vice president Sun Deng, Prometeon Egypt chairman Omar Mehna, deputy general manager Yuan Liang, Africa–Middle East CEO Stefano Ziliani and CFO Hisham Abdel-Hadi.

During the meeting, Al-Khatib commended the pace of Prometeon’s development efforts, saying the ministry “will spare no effort to meet the company's requirements, in the context of preparing a conducive climate for investment and to protect the competition”. He also said Prometeon would receive continued backing through the China Unit at the General Authority for Investment and Free Zones to ensure the company has “all the necessary information and required data”.

Prometeon executives told the minister that the planned investment aims to increase its investments by $400 million, which is in production of 1 1 one million additional car tires and upskill the existing factory efficiency.

 Prometeon’s Alexandria complex currently produces about 5.2 million tyres annually, and the expansion would introduce new manufacturing technologies to raise output and improve capability.

As part of its proposal, the company is seeking an additional 200,000 square metres of land adjacent to its current site to support the enlarged facility. Prometeon is also exploring the establishment of a dedicated free zone to serve its export-focused operations.

For Prometeon, the investment aligns with its strategy to reinforce Egypt as a central platform for supplying markets across Africa, the Middle East and Europe. The company views the country’s manufacturing base and export access as key strengths as global demand patterns shift.

The talks signal the company’s intention to deepen its long-term commitment in Egypt, subject to final approvals and land allocation.

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Yokohama Rubber Co. has opened a new passenger-car tyre plant in Hangzhou, completing the project one month ahead of schedule and marking the first major milestone under its fast-build manufacturing strategy in China.

The company held an opening ceremony recently, attended by local government officials and community representatives. Yokohama Rubber was represented by President and COO Shinji Seimiya, who praised the speed of construction and stressed the plant’s role in the group’s long-term ambitions.

In his remarks, Seimiya said he was grateful for the support that allowed the project to finish ahead of plan. He also noted that the new plant is a very important project for Yokohama Rubber's sustainable growth in the future and that every effort will be made to quickly achieve mass production and deliver high-quality, high-value-added products to the Chinese market as soon as possible.

The Hangzhou facility is the first plant built under the company’s “1-year plant” challenge, a core initiative in its medium-term strategy, Yokohama Transformation 2026. The programme aims to speed up factory construction while lowering production costs and improving efficiency. Work on the new plant began in December 2024, with operations now starting in November 2025.

The project also fulfils a request from the Hangzhou government to relocate an older plant as part of the city’s environmental plans. The new factory will have an annual capacity of 9 million tyres—about 3 million more than the site it replaces—positioning Yokohama to meet rising demand for passenger-car tyres in China. Full-scale production is expected by the second quarter of 2026.

The expansion strengthens the company’s supply of high-value tyres for China’s fast-growing new energy vehicle market, including EV-focused designs and larger rim sizes.

Alongside the rapid-build initiative, Yokohama is pushing to raise the share of premium products in its consumer tyre business by expanding sales of its ADVAN and GEOLANDAR brands, winter tyres, and 18-inch and larger tyres. The company is also rolling out regional product strategies to tailor development and sales to market-specific trends.

The opening of the Hangzhou plant underscores how Yokohama Rubber is trying to sharpen its competitive position in Asia’s largest tyre market while keeping pace with shifts in vehicle technology and local regulations.

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