Hankook’s Collaborative Effort To Help Lessen Tyre Waste Generation

In an effort to make the world sustainable, Hankook Tire has collaborated with shoe brand YASE to launch eco-friendly shoes made of recycled tyres.Together, they have got on board the ‘Zero – Leave Nothing Behind’ project which aims to upcycle ELTs to make sustainable shoe products. 

Hankook Tire has always been at the forefront of sustainable practices with having set goals such as achieving 100 percent of sustainable raw material use by 2050 and reducing greenhouse gas emissions by 50 percent compared to that of 2018. These initiatives also extend to R&D where the tyre maker has minimised the rolling resistance of its tyres to improve the fuel efficiency of vehicles and ultimately reduce greenhouse gas emissions. The company also established an ESG committee to further strengthen its sustainability management efforts. 

Jimmy Kwon, Vice President of Hankook Tire’s Brand Lab, talks to Rajni Jose from Tyre Trends about this collaborative effort.

Q) What are the purpose and goals associated with this collaboration?

Jimmy Kwon: Hankook Tire and YASE embarked on the ‘Zero – Leave Nothing Behind’ project with a commitment to sustainable materials and environmental protection. As sustainability is a core value and key agenda for us, we have taken the topic of tyre recycling as one of the top agendas each year. We are glad to make good use of recycled tyres by turning them into hard-wearing and robust shoes in collaboration with YASE. We also believe this collaboration will offer the MZ generation, who have not had an opportunity to use tyres yet, a chance to experience Hankook Tire since a pair of shoes is a necessity that people use on a daily basis.

Q) What role does Hankook play in this collaboration? What are the processes involved in the upcycling of used tyres into shoes? 

Jimmy Kwon: Hankook Tire will collect discarded tyres and extract rubber from them to pulverise rubber into a powder so that it can be processed into the outsole. Regarding the processes, upcycling itself benefits the environment as it minimises the volume of discarded materials and waste dumped into the landfills. It also reduces the need for production using new or raw materials, which leads to a reduction in air pollution, water pollution and greenhouse gas emissions.

Q) Is the company looking to produce products other than shoes?

Jimmy Kwon: Currently, Hankook Tire is focusing mainly on footwear in terms of collaboration items as both tyres and shoes share common traits of playing a crucial role in mobility and touching the ground on a daily basis. They also protect people from possible dangers on the road with durability and stability.

Q) What are the other materials used to make these shoes?

Jimmy Kwon: The upper part of the shoes is made of synthetic vegan leather, whereas the insole is made of OrthoLite and natural latex. 

Q) By upcycling used tyres, how much carbon emissions do we save?

Jimmy Kwon: For this collaboration, we have recycled 50 used tyres to manufacture 2,000 pairs of shoes in total. According to the Korea National Institute of Forest Science, 2.8 tonnes of carbon dioxide emissions is reduced by recycling 50 used tyres which weigh approximately 1.5 tonnes. This is equivalent to planting 425 pine trees. Likewise, around 1.9 kg of carbon dioxide emissions is reduced per kg of tyres recycled. This is not a small amount as a 20-year-old tree consumes 6.7 kg of carbon dioxide emission.

Q)  Does the company have a take-back policy? If not, how can the shoes be disposed of sustainably after use?

Jimmy Kwon: We do not have a related policy so far, but our decision to embark on the project of launching upcycling footwear displays our deep sense of care and commitment towards sustainability and environmental protection. It is thrilling that we are giving consumers an option to choose eco-friendly footwear. Shoes made of our old tyres will not only make a positive social impact but will also be hard-wearing and robust as our tyres are developed with high-quality materials and cutting-edge technologies.

Q) Currently, other brands offering shoes made from upcycled used tyres have priced their products higher than regular shoes. How does the company plan to price the products so that customers prefer this sustainable alternative over regular shoes?

Jimmy Kwon: The collaboration items are not specifically priced high compared to regular shoes sold by YASE. For example, a pair of Hankook Tire x YASE Chelsea boots are priced at KRW 102,000 (USD 86) while a pair of existing 506 5CM Chelsea boots are KRW 98,000 (USD 83). It is 4 percent more expensive, but the prices are different only because their designs are different. Hankook Tire is trying to provide customers with excellent quality products at a reasonable price whether they be tyres or shoes.

Q) What are the marketing strategies adopted to attract customers?

Jimmy Kwon: Not only the shoes themselves but the packaging is designed with sustainability initiative as well. Shoeboxes, tags and pamphlets are made of 100 percent sugarcane material. Hankook Tire expects this will resonate with customers who are early adopters and are conscious about the environment. In addition, we have chosen an online fashion retailer that is popular among the MZ generation as a sales channel in Korea since we have found that this generation is especially environment-conscious and keen to making green purchase decisions.

Q) Where will these be produced?

Jimmy Kwon: These eco-friendly shoes are produced in Korea where the YASE factory is located. 

Q) Is the company looking into exports? 

Jimmy Kwon: Although we are not considering shipping overseas or exports at the moment, we would like to proceed in the future when there is an opportunity.

Q)  What are the further expansion plans of the range?

Jimmy Kwon: Currently, we have unveiled five products through collaboration: four dress shoes and one comfort insole. We plan to continue collaboration with YASE to add special edition running shoes in October. 

Q)  What future do you see for upcycled used tyre products in the fashion industry?

Jimmy Kwon: Consumers are getting more and more conscious of the damaging effects of wastes, which explains why upcycling is becoming increasingly popular in the fashion industry. A tyre is a good resource for upcycling since tyres, especially the ones developed with Hankook’s high-quality materials and cutting-edge technologies, are durable and robust. We believe it’s a kind of collaboration that leads to mutually inspired progressive innovation for both industries and that there can be many opportunities forward. It’s a great way to widen customers’ eco-friendly options and to give old tyres a second life.(TT)

Eurogrip Tyres, the leading tyre manufacturer in India, showcased its premium two-wheeler tyres at the 17th edition of Feria 2 Ruedas (F2R) International Motorcycle exhibition held at Plaza Mayor, Medellin, Colombia. The dates of this high-profile business event in South America's two-wheeler sector are 15–18 May 2025.

For more than 17 years, the Feria de las 2 Ruedas (F2R) has been the leading motorcycle industry event in Latin America. The expo, which takes place every year in Medellín, Colombia, is a vibrant venue for commerce, innovation and growth in the motorcycling sector. Additionally, it gives aficionados the chance to investigate the most recent developments and trends in the industry. The company showcased its premium lineup at exhibit N24 in the Tented Pavillion, which included a range of sport touring, off-road and trail tyres. High-performance versions including the Roadhound, Protorq Extreme, Trailhound STR, Climber, Bee Connect, Terrabite DB+ and Badhshah LX were on display.

P Madhavan, Executive Vice-President – Marketing & Sales, TVS Srichakra Ltd, said, “Eurogrip is focused to deliver innovative products for the global markets. Latin America is a priority market for us, and F2R Expo is a promising platform to engage with our target audience. We are looking forward to interesting business opportunities arising from this expo. Such specialised industry tradeshows add exceptional value to our quest in becoming a leading global tyre brand delivering world class tyre technology.”

Denka Company Limited announced it would record an extraordinary loss of approximately 16.1 billion yen (£85.8 million) as an impairment on manufacturing facilities at its US subsidiary. It will indefinitely suspend chloroprene rubber production at the Louisiana plant.

The Japanese chemical manufacturer, which holds a 70 percent stake in Denka Performance Elastomer LLC (DPE), cited mounting operational challenges, including unexpectedly high costs for pollution control equipment and declining production volumes at the American facility.

“DPE has faced significant cost, production and other challenges at its facility in the United States,” the company said in a statement. “Rising costs are attributable to, among other factors, identification, design, purchase, installation, and operation of pollution control equipment to reduce chloroprene emissions that DPE did not anticipate being required when it acquired the facility from E.I. DuPont de Nemours and Company.”

The subsidiary was established in December 2014 and acquired the chloroprene rubber business from DuPont in November 2015. The Louisiana facility was intended to serve as a second manufacturing site in North America, complementing Denka’s Omi Plant in Itoigawa, Niigata, Japan.

However, according to the company statement, DPE has struggled with multiple operational issues, including “rising energy costs and a shortage of qualified staff necessary to operate new pollution control equipment and implement other emission reduction measures. “

Production volumes have declined partly due to “operational restrictions arising from the pollution reduction measures and unscheduled plant outages associated with supply chain disruptions and severe weather events,” Denka said.

The company noted that these challenges, combined with changes in the global economic environment for chloroprene rubber, have pressured profitability, making near-term improvement difficult.

Denka confirmed that DPE employs 250 people as of December 2024 and will not restart its chloroprene rubber manufacturing facilities following a regular maintenance shutdown. Instead, “all options for the business, including a potential sale of the business or its assets, will be considered,” the statement said.

The company emphasised that “no decision regarding a permanent closure of the facility has been made at this time.”

Customers will continue to be supplied from current inventories and production at the company’s Omi Plant in Japan.

DPE is 70 percent owned by Denka USA LLC, a wholly owned subsidiary of Denka Company Limited, and 30 percent by Diana Elastomers, Inc., a subsidiary of Mitsui & Co., Ltd.

Yokohama Rubber reported a 56.9 percent year-on-year decline in profit attributable to owners for the first quarter of 2025, despite posting a 9.0 percent increase in sales revenue.

The Japanese tyre maker recorded a profit of 8.53 billion yen for the three months ended 31 March, down from 19.8 billion yen in the same period last year. Business profit fell 3.2 percent to 24.07 billion yen, while sales revenue rose to 275.12 billion yen.

The company maintained its full-year forecast, projecting an 11.4 percent increase in sales revenue to 1.22 trillion yen and an 8.8 percent rise in profit to 81.5 billion yen for the fiscal year ending 31 December 2025.

Yokohama Rubber attributed the profit decline to one-time costs related to its February acquisition of Goodyear’s off-the-road (OTR) tyre business, which it purchased for approximately 143 billion yen.

“Profit from existing businesses was strong,” the company said in its earnings statement. “In addition to increased sales volume for the company’s consumer tyres, mainly in overseas markets, and continued expansion of sales of high-value-added ADVAN, GEOLANDAR, and Winter tyres as well as high-inch tyres, profit was boosted by the MB segment’s MIX improvements and structural reforms.”

The tyre segment, which accounts for 91percent of the group’s consolidated sales revenue, saw a 10.4 percent increase in sales to 250.32 billion yen. Original equipment tyre sales were higher year-on-year, driven by “strong sales in Japan of vehicle models equipped with YOKOHAMA tyres and expansion of shipments for Chinese automakers’ new energy vehicles,” the company said.

Replacement tyre sales also increased, supported by higher sales of summer and winter tyres in Japan, increased sales of high-inch tyres in Europe, and stepped-up sales efforts in Asia.

The MB (Multiple Businesses) segment, which represents 8.4 percent of total sales, experienced a 3.2 percent revenue decline to 23.02 billion yen. This was attributed to lower demand from construction machinery makers in Japan and automakers in North America.

The company described an “upbeat” business sentiment in Japan for the quarter, noting that “a steady recovery in inbound demand and increasing orders for construction and logistics projects compensated for weak consumption by domestic households curbing spending in response to rising prices of consumer goods.”

Overseas, the company observed rising inflation concerns weighing on consumer spending in the United States, while in Europe, “manufacturing industries are rebounding and corporate business sentiment is improving.” In China, personal consumption was boosted by the Spring Festival holiday, but high US tariffs “reduced China’s exports and created uncertainty about the future that is weakening industrial activity.”

Swedish speciality chemicals firm Nynas reported solid financial results for 2024, posting an Adjusted EBITDA of 1,333 million Swedish kronor, marginally higher than the 1,316 million kronor recorded in 2023.

The company, which specialises in naphthenic speciality oils and bitumen products, attributed its performance to operational efficiency and commercial success in its niche markets.

“We are delighted with the progress made during 2024, evidencing our right-sized cost base and a more targeted commercial and manufacturing footprint. We have redefined our strategic direction, positioning Nynas as a speciality chemicals company, enabling the energy transition and setting our course for 2035,” Nynas CEO Eric Gosse said in a statement.

The firm highlighted strong cash generation from operations, which it said would support planned investments and longer-term growth initiatives. Nynas also mentioned the ongoing transformation of its Harburg site with plans to monetise the asset eventually.

All three of the company’s production facilities maintained high operational reliability between 95 percent and 99 percent. The Nynäshamn refinery achieved a notable milestone: in May 2024, it set a new monthly production record for naphthenic speciality oils at 42,000 tonnes.

Strategic pivot towards sustainability

Nynas outlined a strategic shift focused on higher-margin speciality materials with sustainable characteristics. The company aims to strengthen its position in European markets through innovation and sustainability initiatives.

“Nynas is uniquely positioned to contribute to the energy transition. Our strategy reflects our purpose to advance a more sustainable society, and our product development pipeline is fully aligned with this goal," Gosse added.

In 2024, the company received an EcoVadis Gold rating, placing it in the top 5 percent of globally rated businesses for sustainability performance.

With consecutive years of strong financial performance, Nynas indicated it continues to monitor debt capital markets to optimise its capital structure “at the appropriate time potentially”.

The Swedish chemicals producer noted that, having ceased operations in the United States in 2022, it remains largely insulated from recent global trade tensions surrounding US import tariffs. The company imports only minimal feedstock from America, shielding it from potential cross-border trade disputes.