Rubber, Chemical & Petrochemical Skill Development Council (RCPSDC) celebrated its Annual Awards on 16 December, 2022 in New Delhi, India. The award ceremony was held to facilitate the best performers in the rubber, chemical and petrochemical skilling ecosystem.

RCPSDC claims that the yearly awards ceremony drew active participation from government departments, the rubber, chemical and petrochemical industries, training partners and assessment agencies and important stakeholders from across the country.

KK Dwivedi, IAS, Joint Secretary, Ministry of Skill Development and Entrepreneurship, Government of India, was the Chief Guest at the event. Dwivedi recounted his first-hand experience of working closely with the rubber sector in Assam in his earlier innings as Principal Secretary of the state. According to RCPSDC, Dwivedi stated that there was an urgent need to equip the fast-growing rubber sector with skilled workforce, both in tapping and processing. “The rubber and chemical sector is expected to grow at eight to ten percent in the next few years and will require a continuous supply of a large skilled workforce. By upskilling one of the largest segments of the economy comprising the rubber, chemical and petrochemical sectors, RCPSDC is best placed to be a driver of India's economic growth. For that, all the stakeholders need to come in support of the sector skill council. The government is taking rubber, chemical and petrochemical as a priority sector and is committed to creating an empowering ecosystem,” said Dwivedi.

Furthermore, at the event, Vinod Patkotwar, Chairman, RCPSDC, emphasised in his welcoming speech the necessity to expand the skilling programmes in the country in order to meet the demand for a trained workforce, both domestically and internationally.

Hena Usman, IPoS, Joint Secretary, Ministry of Skill Development and Entrepreneurship, Government of India, also honoured the occasion as the guest of honour. RCPSDC states that Lt Col Gunjan Chowdhary, Director, National Corporation for Vocational Education & Training (NCVET), Dr Maneesh Mishra, Executive Vice President, National Skill Development Corporation (NSDC), Dr Deepak Paliwal, Joint Director, Pandit Sunderlal Sharma Central Institute of Vocational Education (PSSCIVE), Bhopal and Dr Vinay Swarup Mehrotra, Professor, National Council of Educational Research and Training (NCERT) were also the guests of honour.

Besides celebrating excellence, RCPSDC claims that it exchanged three MoUs at the awards ceremony, with Government Tool Room & Training Centre (GTTC), Karnataka for the execution of dual certification programmes and with Rabindranath Tagore University (RNTU), Bhopal for B Voc, and dual certification programmes. A further significant MoU was inked with the Bahadurgarh Chamber of Commerce and Industries (BCCI), Haryana for the implementation of re-skilling and upskilling programmes under various state/central government schemes.

RCPSDC further states that it launched the project ‘Utthaan’ at last year’s Annual Awards in 2021. ‘Utthaan’ is one of the ambitious projects aimed at the upskilling of workforce (unorganised or organised) in plastic waste segregation, processing and recycling job roles and to help them perform their jobs more effectively and enhance their productivity. Through an audio-visual presentation this year at the Annual Awards 2022, the participants were updated on the achievements of the project ‘Utthaan’ and how the same is transforming the lives of neglected strata of the society, according to RCPSDC. In the first phase, 205 sanitation workers have been trained under the project. On the occasion, special recognition was conferred on Dr Pradeep Mehta, State Head, United Nations Development Programme (UNDP) for the Utthaan project, the training being imparted by Lok Bharti Group (an affiliated training partner of RCPSDC) and Rajiv Pandey, Assistant Director, Urban Development Directorate, State Urban Development Agency (SUDA), Government of Uttarakhand, as per RCPSDC.

Amongst industry partners, special awards were presented to JK Tyre & Industries (Best Industry Partner – Rubber), Varroc Polymers (Best Industry Partner – CPC) and Bridgestone India (Best CSR Project). Training partners across different training methodologies were recognised as well, claims RCPSDC. Prerna Group (Best Training Partner – RPL BICE), Yashaswi Group (Best Training Partner – NAPS), Wayline Management Consultants (Best Training Partner – RPL) and VDA Technologies (Best Training Partner – STT) were adjudged the winners. Mercer Mettl (Best Assessment Agency – First Prize) and Trendsetters Skill Assessors Private Limited (Best Assessment Agency – Second Prize) received awards as best assessment agencies, according to RCPSDC.

The best trainers and assessor’s awards were bestowed on Abhinav Swami (Best Trainer – CPC), Abdul Raoof A (Best Trainer – Rubber), Pushpendra Singh Arya (Best Assessor – Rubber) and Manash Jyoti (Best Assessor – CPC). RCPSDC states that the best trainees were chosen from a large number of entries – Sunita Devi (Best Trainee – Plastic Waste Management and Segregator, First Prize), Shobha (Best Trainee – Plastic Waste Management and Segregator Second Prize), Sandeep Prajapati (Best Trainee – CPC, First Prize), Azad Mansuri (Best Trainee – CPC, Second Prize), Dipali Das (Best Trainee – NR Plantation, First Prize), Sudip Sarkar (Best Trainee – NR Plantation, Second Prize), Kanchan Dashrath More (Best Trainee – Rubber Manufacturing, First Prize), Akash (Best Trainee – Rubber Manufacturing, Second Prize).

Sharing his views, Saif Mohammad, CEO, RCPSDC, said, “I congratulate all of the awardees and give my best wishes to RCPSDC for completing a successful decade of hard work in the skilling ecosystem. We are committed to continuing our efforts to boost the efficiency of the rubber, chemical and petrochemical sector through skill training, and unlock the sector's growth prospects. RCPSDC is actively pursuing excellence in the rubber, chemical and petrochemical sectors, and we look forward to acknowledging and celebrating the achievements of our stakeholders in the coming years.”

Indian tyre manufacturer Apollo Tyres Ltd reported a 3% increase in annual revenue to INR 261.23 billion for fiscal year 2024-25, while its net profit fell 35 percent from the previous year.

The company, which markets its products under the Apollo and Vredestein brands, saw its operating profit decline to INR 35.71 billion for the full year, compared with INR 44.47 billion in the previous fiscal year.

For the fourth quarter ended March 31, Apollo Tyres posted a revenue of INR 64.24 billion, up 3% year-on-year, while quarterly net profit dropped to INR 1.85 billion from INR 3.54 billion in the same period last year.

"We acknowledge that our performance over the past few quarters has not met industry benchmarks and our own expectations. After a thorough internal review, we have identified the key challenges that contributed to this underperformance," said Onkar Kanwar, Chairman of Apollo Tyres.

"With targeted strategies now in place to address these issues, we are confident in our ability to deliver stronger results in the coming quarters," he added.

Apollo Tyres, which has manufacturing facilities in India, the Netherlands and Hungary, distributes its products in over 100 countries.

Elmer Wiemer, Chief Financial Officer and designated Chief Executive Officer of Heuver Group, has passed away. The group shared the sad news in a statement announcing that he passed away on 4 May at the age of 48 after a brief illness.

Wiemer has had a lasting impact on the Heuver Group since he took office in 2020. As CFO, he played a pivotal role in bolstering the course, advancing the organisation's professionalism and attaining long-term success. His strategic vision and astute financial sense were always bolstered by a strong sense of accountability and a kind, humane leadership style.

“He was a true inspiration. Elmer’s legacy is tangible in the way we work together, in the culture he helped shape and in the ambitions he helped realise. We lose in him not only a leader, but also a warm personality, a dedicated colleague and a dear friend,” said Heuver Group management.

Goodyear has launched the award-winning Goodyear Eagle F1 Asymmetric 6 tyre in the United States and Canada. The premium summer tyre has emerged the winner in the 2025 AutoBild test for ultra-high-performance (UHP) tyres and is aimed at a wide range of sporty and luxury cars, crossovers and SUVS.

With its unique tread composition that optimises rubber-to-road contact, the Goodyear Eagle F1 Asymmetric 6 offers responsiveness and stability for dynamic driving. While the flexible tyre compound provides better grip in hot weather, the asymmetric tread pattern guarantees rapid responsiveness and traction in turns. To guarantee a peaceful, pleasant ride, the tyre pattern and lightweight design also reduce road noise. Goodyear's SoundComfort and SealTech innovations are two notable features found in certain Eagle F1 Asymmetric 6 fitments. For a more peaceful and elegant driving experience, SoundComfort reduces road noise, while SealTech successfully seals punctures up to five mm. Because of its high load rating and low rolling resistance, it is perfect for contemporary SUVs and electric cars, which require more from their tyres in order to maximise economy and range.

Nearly 90 percent of SKUs for the Goodyear Eagle F1 Asymmetric 6 are 18 inches or greater, with over 100 sizes available in the 17–23-inch range. Numerous well-known automobiles, such as the BMW M3/M4/X3/X4/X5/X6/X7, Audi A4/S4/A5/S5/A3/S3, Mercedes C-Class, Porsche Macan/Boxster/Cayman and Cayenne, and Tesla Model S, may be fitted with the Goodyear Eagle F1 Asymmetric 6. Customers may feel more secure about their purchase with the Goodyear Eagle F1 Asymmetric 6's 30,000-mile (50,000-kilometre) tread life limited guarantee. It is available at authorised Goodyear retailers across the United States and Canada.

Ryan Waldron, President, Goodyear Americas, said, "The Goodyear Eagle F1 Asymmetric 6 represents the next evolution of ultra-high-performance summer tyre, delivering precision, grip and comfort for drivers. As an award-winning tyre designed for a wide range of sporty and luxury vehicles, including the larger rim sizes on many of these vehicles, it provides a driving experience tailored to today's most premium enthusiasts. We're proud to introduce this globally recognised product to North America, bringing advanced technology and innovation that keeps drivers confident on the road."

Toyo Tires reported record first-quarter sales of 135.5 billion yen ($880 million), marking a 6.2 percent increase year over year and reaching its highest level since adopting its current accounting period in 2013. Despite the top-line growth, operating income fell 13.7 percent to 22.4 billion yen due to rising raw material costs and foreign exchange headwinds.

“Strong sales of large-diameter tyres in North America drove revenue growth but couldn’t fully offset higher production costs,” said the company in its earnings statement. The Japanese tyre maker saw a 7.7 percent sales increase in North America, which remains its largest market.

Profit Squeeze

Ordinary income plunged 42.7 percent to 18.3 billion yen, while profit attributable to owners dropped 41.4 percent to 13.5 billion yen, primarily due to foreign exchange losses from the yen’s appreciation. The Japanese currency strengthened to 154 yen per dollar during the quarter, compared to 146 yen in the year-ago period.

The company maintained its full-year forecast, projecting annual sales of 585 billion yen, up 3.5 percent from FY2024. Operating income is expected to reach 85 billion yen, down 9.6 percent , with operating margin declining to 14.5 percent from 16.6 percent last year. The annual dividend forecast is 125 yen per share, up from 120 yen in the previous fiscal year.

“Assuming tariff impact can be absorbed with appropriate measures, earnings forecasts for FY2025 remain unchanged,” the company stated, maintaining its dividend payout ratio target of 30 percent  or higher.

Production and Expansion

The tyre maker plans to increase production volume by 6 percent in FY2025 compared to the previous year, with significant growth in both Japanese and European operations. First-quarter global production volume was 59,100 tons, representing 98 percent of the previous year's level.

Capital investment for FY2025 is projected at 35.6 billion yen, up from 25.6 billion yen in FY2024, signalling continued expansion despite market headwinds. The company has invested 194 billion yen in capital expenditures over the past five years.

Market Conditions and Raw Materials

Raw material costs continue to pressure margins, with the company projecting a negative impact of 10.5 billion yen for FY2025. Natural rubber price increases are expected to cost 7.4 billion yen, while petroleum products will add 2.0 billion yen in costs, and other materials will contribute 1.1 billion yen to the cost pressure.

First-quarter sales volume showed strong recovery in the Japanese replacement tyre market, reaching 97 percent of the previous year’s level. In comparison, North America demonstrated robust growth at 105 percent year-over-year.

Product Innovation and Corporate Initiatives

The company recently launched premium tyres for high-roof kei cars in Japan with enhanced wet grip performance. These tyres feature eco-friendly materials that improve wet braking performance by 12 percent while reducing rolling resistance by 9 percent.

In March, the company introduced new SUV tyres designed specifically for quiet city driving that meet the “Low Car Exterior Sound Tyres" voluntary standard established by the Japan Automobile Tyre Manufacturers Association.