Sailun Group reported a fall in first-half profit even as revenue hit a record high, as rising costs offset strong sales growth at home and abroad.

Net profit attributable to shareholders dropped 14.9 percent to 1.83 billion yuan in the six months ended June 30, the company said in its half-year report to the Shanghai Stock Exchange. Operating revenue rose 16.1 percent to 17.59 billion yuan, driven by higher domestic sales and robust overseas demand.

Total profit fell 12.3 percent to 2.15 billion yuan, while earnings per share slid to 0.56 yuan from 0.66 yuan a year earlier. By contrast, operating cash flow surged 179 percent to 884 million yuan, reflecting stronger cash receipts from sales.

Overseas revenue jumped 18.7 percent to 13.41 billion yuan, accounting for more than three-quarters of the total, with domestic sales up 9.2% at 3.98 billion yuan.

The Qingdao-based company, ranked the world’s 10th largest tyre producer by industry publications, said it will pay an interim cash dividend of 0.15 yuan per share.

Sailun has stepped up global expansion to strengthen its supply chain resilience. Its new plants in Indonesia and Mexico rolled out their first tyres within nine to twelve months of breaking ground, among the fastest construction paces in the sector. In August, the company announced a plan to invest in a new facility in Egypt with an annual capacity of 3.6 million radial tyres.

It also continued investments in ongoing projects, including the third-phase expansion in Vietnam, semi-steel and all-steel tyre projects in Cambodia, and further capacity build-out in Indonesia and Mexico. In total, Sailun and its subsidiaries committed nearly 8.8 billion yuan in equity investments during the first half, funding both domestic sales companies and overseas units.

“The company has continuously promoted its globalisation strategy and intelligent manufacturing level to provide high-performance products for global users,” Sailun said in the filing.

Sailun warned that it continues to face risks from raw material price volatility, intensifying competition from global rivals such as Michelin and Bridgestone, and rising trade barriers in overseas markets.

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JK Tyre & Industries Ltd. has announced the 2025 edition of its Shiksha Sarthi scholarship programme. This initiative, which began in 2023, is specifically designed to support the higher education of daughters whose fathers are heavy commercial vehicle drivers, acknowledging the critical role these drivers play in the nation's economy. The programme aims to alleviate financial obstacles that frequently prevent young women from pursuing undergraduate studies.

Having already assisted over 320 beneficiaries in its first two years, the scheme is now being expanded to support 500 meritorious students across the states of Rajasthan, Madhya Pradesh, Karnataka, Tamil Nadu and Uttarakhand. This effort is a key part of JK Tyre’s broader commitment to fostering equal opportunity and empowering the next generation of women leaders.

Administered in collaboration with Buddy4Study, the application process for the scholarship is conducted online to ensure transparency and ease of access. The Shiksha Sarthi scholarship is one component of JK Tyre’s wider corporate social responsibility programme, which includes other initiatives focused on healthcare, livelihood enhancement and environmental sustainability. These comprehensive efforts are aimed at creating a positive and lasting impact on underserved communities throughout India.

Anshuman Singhania, Managing Director, JK Tyre & Industries Ltd., said, “At JK Tyre, we firmly believe that education is a powerful catalyst of social transformation. Our commercial vehicle drivers are invaluable assets to the nation, and by supporting their daughters’ education, we are honouring their contribution. With the 2025 edition of the JK Tyre Shiksha Sarthi Scholarship, we are reaffirming our commitment to ensure that no dream is left unrealised due to limited resources. Educating a girl empowers a generation and builds the foundation for a stronger, more progressive society.”

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Ecolomondo Corporation, a Canadian developer of advanced recycling technology for scrap tyres, has announced a significant milestone with the continued commercial shipment of its recovered carbon black (rCB). The company has successfully shipped a fourth truckload of rCB from its Hawkesbury Thermal Decomposition Process (TDP) facility and is preparing to dispatch a fifth, following a new purchase order from a major off-take partner.

This commercial activity follows the recent installation and commissioning of new milling equipment and a dedicated processing line for recovered carbon black at the Hawkesbury plant. After an initial quality validation and a first purchase order received on 16 July 2025, the company has now fulfilled four orders with a fifth imminent.

In a further endorsement of product quality, a second major off-take customer, based in the United States, has formally approved Ecolomondo’s rCB for use in its manufacturing processes. This approval is anticipated to lead to substantial bulk purchase orders in the near future.

The company views these successive orders and the new quality approval as strong validations of the operational performance and output quality of its Hawkesbury TDP facility. When the plant reaches full operational capacity, it is projected to recycle roughly one million scrap tyres from cars, SUVs and trucks annually. This operation will yield an estimated 4,000 metric tonnes of recovered carbon black, 5,000 metric tonnes of pyrolysis oil, 2,000 metric tonnes of steel and 1,200 metric tonnes of process gas, contributing to a more circular economy.

Interim CEO JF Labbé said, “Off-take customers are steadily adopting the rCB on a global scale and are now integrating it into their regular production to produce new sustainable products. It is satisfying to see that scrap tyres are being processed to produce re-usable end-products to manufacture other consumable products.”

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Kuwait is launching a comprehensive initiative to convert its stockpiles of waste tyres from an environmental concern into a driver of economic growth. As reported by the Arab Times Kuwait, the nation is moving millions of used and damaged tyres from vast dumpsites, like the one in Rahiya, to specialised recycling plants. This strategic shift aims to mitigate ecological hazards while simultaneously generating new investment prospects and job opportunities.

While three recycling facilities are currently operational, officials acknowledge that the annual output of nearly two million waste tyres necessitates a significant expansion of capacity. To address this, plans are actively progressing to establish new factories in Salmi. This increased infrastructure is intended to ensure all locally generated tyres are processed and transformed into valuable commodities.

The government sees substantial economic potential in this sector, citing international success stories where tyre recycling generates billions in annual revenue. For Kuwait to achieve similar results, officials emphasise the need to strengthen regulatory frameworks and encourage continued investment. The repurposed materials are anticipated to supply several local industries, finding applications in road construction, athletic flooring, insulation and fuel production.

This priority was recently underscored in a high-level meeting chaired by Prime Minister Sheikh Ahmad Al-Abdullah Al-Sabah. The discussions focused on accelerating recycling projects, underscoring the dual objective of safeguarding the environment and cultivating new financial resources for the state.

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In a concerted effort to build a more cohesive and vibrant organisational culture, HS HYOSUNG is significantly broadening its range of value-sharing initiatives for its workforce and their families. Central to this mission is the ‘Culture Together’ series, an internal cultural project established in 2024 on the suggestion of Vice Chairman H S Cho. This programme is designed to provide shared cultural experiences that enhance communication and unity across the company.

A key component of the '2025 Culture Together' series involved securing tickets for over 100 domestic and international employees to attend Psy’s Summer Swag concerts. To ensure accessibility for staff based in various locations, the company arranged for performances across six different cities, including Incheon, Gwacheon, Uijeongbu, Suwon, Gwangju and Busan. This follows earlier global cultural events organised this year, such as company outings to the Coldplay concert in Seoul and the Disney 100th Anniversary Exhibition.

Beyond music, HS HYOSUNG has also engaged employees through cinema and sports. A private screening of the hit film F1: The Movie was held for more than 200 staff members, offering a story of teamwork that resonated with the company’s own values. The company’s support for athletic events included inviting employees and their families to high-profile football matches, such as FC Barcelona’s friendly game in Korea and an upcoming FC Seoul match, where employees' children will participate as official escort kids.

These ongoing efforts, operating under the slogan ‘Value Together’, are a fundamental part of HS HYOSUNG’s strategy to foster empathy and strengthen bonds among its employees. The company has committed to continuing this path by developing ever more diverse and relatable programmes aimed at nurturing a warm and dynamic corporate culture.

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