Photo: Winners of TRAC’s 2025 Industry Leaderships Awards. Left to right: Carol Hochu (TRAC), Tony Mougios (Groupe Touchette), Jon Visaisouk (for Sam Visaisouk; Tyromer Inc.), Neil Bansal (Liberty Tire), Barry Yutronkie (Michelin / TRAC), Dr. Behdad Khamesee (Toyo Tire), Chris Figel (Chair of the Board, TRAC).

The Tire and Rubber Association of Canada (TRAC) recently honoured industry leaders for their exceptional contributions to the tire and rubber sector during its annual awards ceremony on 4 June 2025 in Mississauga. The event, held after TRAC's Annual General Meeting at the Alt Hotel Toronto Airport, celebrated excellence across four key categories: Leader of the Year, Lifetime Achievement, Sustainability and Young Leader. These awards recognise the visionaries and innovators driving progress in tire manufacturing, recycling, and sustainable practices.

Neil Balson of Liberty Tire Recycling received the prestigious Leader of the Year award for his transformative impact on Canada's tyre recycling industry. As Vice President overseeing Canadian operations, Balson has demonstrated remarkable leadership in developing innovative solutions for end-of-life tyre management. His work has been particularly impactful in addressing the challenges of recycling ultra-large mining tyres, where he pioneered processes that reduce their carbon footprint by 80 percent. Beyond technical innovations, Balson has played a crucial role in shaping national policies and fostering international collaborations, establishing himself as a trusted voice at the intersection of business and environmental sustainability.

The Lifetime Achievement Awards honoured three industry veterans whose collective contributions span decades of service. Pamela Scarrow of Bridgestone Canada was recognised for her 25 years of legal leadership and her instrumental role in TRAC's governance as both board member and former chair. The late Sam Visaisouk, former CEO of Tyromer Inc, was honoured posthumously for commercialising groundbreaking devulcanisation technology that revolutionised tyre recycling globally. Barry Yutronkie received recognition for his 30-year career at Michelin and subsequent leadership at TRAC, where he helped harmonise technical standards across North America. Together, these recipients represent the dedication and expertise that have shaped Canada's tire industry.

From left: Phillip Diogenes of Bridgestone Canada Inc. accepting the Lifetime Achievement Award for Pam Scarrow with Chris Figel (Chair of the Board, TRAC).

TRAC's Sustainability Awards highlighted two leaders advancing environmental responsibility in the sector. Dr Behdad Khamesee of Toyo Tire Canada was celebrated for applying his materials science expertise to develop sustainable tyre technologies and influence industry-wide best practices through various technical committees. Tony Mougios of Groupe Touchette was recognised for developing comprehensive ESG strategies, including the company's inaugural sustainability report that established measurable environmental targets.

The Young Leader Award went to Chris Singleton of Niagara Battery & Tire, who at 37 took over the family business following his father's passing and immediately implemented transformative changes. Singleton modernized operations through digital inventory systems, enhanced employee benefits, and expanded mobile services – all while maintaining the company's 68-year legacy as a community staple.

Carol Hochu, President and CEO, TRAC, said, “The Canadian tire and rubber industry brims with innovation and dedication; and this year’s award winners embody the very best of our industry. We’re thrilled to honour seven remarkable individuals whose leadership, ingenuity and commitment to sustainability have set a high bar for excellence, and shape and inspire the future of our sector.”

VMI has secured the prestigious EcoVadis Platinum Medal, the highest possible distinction within the internationally recognised sustainability benchmark. This coveted recognition positions the Dutch company within the top one percent of all enterprises evaluated globally, a ranking determined by rigorous analysis of environmental practices, ethical conduct, labour and human rights standards and sustainable procurement policies.

This year’s Platinum accolade represents a significant advancement from the Gold rating VMI earned in 2025, underscoring a dedicated trajectory of enhanced corporate responsibility. The upgraded status highlights the organisation’s persistent drive to elevate its ecological and social governance benchmarks beyond its previous high standards.

The momentum behind this elevated rating stems from several key corporate initiatives launched over the past year. These include the institution of the enterprise-wide ‘We green it together’ programme, designed to empower diverse teams to achieve specific sustainability objectives, alongside the formal adoption of the VMI Sustainability Manifesto, which articulates long-term aspirations. The recent publication of the 2025 Sustainability Report further complements these efforts by transparently detailing the company’s measurable progress against its established targets.

Harm Voortman, President and CEO of VMI Group, said, “Receiving the EcoVadis Platinum Medal is a proud milestone for VMI and we share this medal with all our employees around the world. This recognition reflects the progress we have made in integrating sustainability into every aspect of our business. From designing more sustainable machines together with our customers to working closely with our suppliers, we continue to improve the sustainability of both our products and our operations. While we are proud to have progressed from Silver to Gold and now Platinum, we see this as a milestone in our journey to build a sustainable future.”

Hankook Tire, the exclusive tyre supplier for the ABB FIA Formula E World Championship, played a central role in the season’s pivotal Japanese double-header. As the official race tyre for all competitors, the company’s iON Race compound was put to the test under extreme and shifting conditions during Rounds 14 and 15 of Season 12 at the 2026 TDK Tokyo E-Prix.

The weekend’s on-track action produced two dramatic winners. CUPRA KIRO’s Dan Ticktum snatched victory in Round 14 with a last-corner overtake on Jake Dennis, while Nick Cassidy completed the podium. The following day, Mahindra Racing’s Nyck de Vries claimed Round 15, finishing ahead of Cassidy and Dennis, who secured second and third respectively. The entire paddock also observed a period of remembrance for the late Cyril Blais.

The 2.575-kilometre temporary circuit, featuring 18 corners and situated around Tokyo Big Sight, hosted its first-ever night races, drastically altering track conditions from practice to competition. Unstable weather compounded the challenge, with a Sunday thunderstorm cancelling Free Practice 3 and leaving a damp, drying surface for Round 15 that demanded constant adaptation in tyre warm-up and strategy.

Throughout the weekend, Hankook’s iON Race tyre demonstrated reliability across the evolving grip levels and temperature swings. Following the Tokyo results, Dennis retains the championship lead with 146 points, narrowly ahead of Mitch Evans and Pascal Wehrlein. The title battle remains fiercely contested and will be resolved at the season-ending Hankook London E-Prix double-header on 15–16 August.

Manfred Sandbichler, Senior Director, Hankook Motorsport, said, “Bringing Formula E night racing to Tokyo for the first time made this a distinctive weekend and one of the more unusual tyre assignments of our season. The contrast between afternoon running and the 20:05 races shaped how teams prepared for both events, and the iON Race managed that transition and the changing weather conditions well, delivering consistent and predictable performance as the circuit cooled through the evening.”

Tegeta Green Planet recently contributed to the ‘Circular Future’ green camp, an environmental education initiative organised by CENN and funded by the European Union. The camp, which hosted 23 teenagers from the Adjara and Kakheti regions, was designed to deepen ecological understanding, advocate for waste-free systems, and inspire long-term behavioural change among the next generation.

Throughout the week-long gathering, young attendees engaged with forward-thinking methods for minimising refuse, prolonging product life cycles and improving separation and recovery processes. Interactive workshops translated abstract circular economy theories into tangible daily actions, equipping participants with the know-how to conserve materials and shrink their personal environmental toll.

A noteworthy component of the programme occurred on 22 July, when a specialised seminar titled ‘Circular Economy: Waste Reduction and Recycling for Public Health’ was convened. Co-hosted by Tegeta Green Planet, the UNDP and the Waste Management Business Association, the seminar examined the intersection of ecological integrity and human well-being, illustrating how robust recycling systems directly benefit community health outcomes.

Closing the day’s agenda, Tegeta Green Planet’s Director, Shalva Akhvlediani, offered an in-depth look at the Extended Producer Responsibility model currently unfolding in Georgia. He traced the journey of end-of-life vehicle components – from used tyres and spent lubricants to depleted batteries – through collection, transport and reprocessing channels. Akhvlediani also highlighted his organisation’s network of over 350 domestic producers and importers, stressing that youth education remains a cornerstone of their mission. The floor was then opened for a lively exchange, where students posed probing questions, debated local environmental dilemmas and floated their own grassroots suggestions, reinforcing the message that responsible resource use begins with informed individual choices.

Nexen Tire reported second-quarter revenue of KRW 891.3 billion and operating profit of KRW 34.3 billion, as growth in Europe and higher sales of premium products supported performance despite rising costs and geopolitical uncertainty.

Revenue increased 10.8 per cent from a year earlier, driven by demand in key markets, particularly Europe, the company said .

The tyre manufacturer said its strategy of expanding original equipment (OE) supply programmes and diversifying replacement (RE) tyre sales helped support growth amid weaker demand in the automotive market. Sales of 18-inch and larger tyres accounted for 38.8 percent of total sales, up 3.6 percentage points from a year earlier, reflecting a greater focus on premium products.

Profitability came under pressure as higher raw material prices and increased ocean freight rates raised costs. The company also incurred one-off expenses following the final ruling on US anti-dumping duties, which resulted in a higher tariff rate than previously expected.

Europe was the strongest-performing region during the quarter, with revenue reaching KRW 407.2 billion, the first time quarterly sales in the region have exceeded KRW 400 billion.

The company attributed the growth to higher OE sales from its European manufacturing plant, business expansion in the UK, Türkiye and other markets, and improved distribution and logistics following the addition of a finished-goods warehouse at the plant.

In South Korea, demand for electric vehicle (EV) and sport utility vehicle (SUV) tyres remained strong. Nexen Tire said its expanding OE portfolio, which includes the Hyundai IONIQ 6, Kia's EV3 to EV9 models and other domestic electric vehicles, supported higher OE revenue and increased sales of larger-diameter tyres.

The company also said continued growth in rental sales within the replacement market improved its product mix, while its first OE supply agreement with BYD strengthened its position in the global EV market.

Alongside its financial results, Nexen Tire said it had expanded its OE supply during the quarter to electrified models including BYD vehicles and the Hyundai STARIA EV. Supply to premium automotive brands also increased from a year earlier, supported by research and development initiatives, including AI-based performance prediction technologies.

"Despite growing cost pressures from external factors, we have continued to achieve top-line growth on the back of strong sales in key markets," said John Bosco (Hyeon Suk) Kim, CEO of NEXEN TIRE. "With the stable ramp-up of the second-phase expansion at our European plant and the results of our distribution improvements in North America, we expect more tangible improvements in earnings."