It was in 1993, the first edition of the K.M. Philip Gold Medal was instituted to recognise and honour contribution of individuals that have made a mark in the Indian rubber industry. The biennial award is presented under the aegis of the All India Rubber Industries Association (AIRIA). Since 1993 and till 2019, AIRIA has given this award to 13 distinguished individuals for their contribution towards the growth of the Indian rubber industry.

Philip had played a key role in establishing the Indian Rubber Manufacturer Research Association (IRMRA), helping it grow into a leading research laboratory associated with the Council of Scientific and Industrial Research (CSIR). Under his vision, IRMRA became a critical institution for tyre testing for both Indian and foreign manufacturers.

The K.M, Philip family feels that the award has served its purpose. Hence as a gracious closure and a finale event, the foundation has decided to honour three individuals/institutions/bodies with the  distribution of the final K.M. Philip Gold Medal in the following three categories –

K.M. Philip Gold Medal Research and Development Award

This award recognises individuals or institutions for their contributions to research and development in the rubber industry, with a particular emphasis on innovations that promote environmental sustainability.

K.M. Philip Gold Medal Entrepreneur/Businessman for the MSME Industry Development Award

The award recognises entrepreneurs who have achieved notable success in building a business from the ground up (greenfield projects) or elevating a first-generation enterprise to a global standard. The recipient should have led their industry to a prominent position in its product segment, with a preference given to those who have reduced their business's carbon footprint.

K.M. Philip Gold Medal for Institution and Rubber Industry Brand Builder Award

The award acknowledges individuals or institutions that have significantly contributed to the growth, recognition, and brand value of the Indian rubber industry and its institutions. The recipient must have initiated and executed initiatives that enhanced the industry’s overall reputation, including infrastructural institutions.

Philip is often referred to as pioneer in the rubber industry. From founding AIRIA to receiving a National Award, his legacy continues to inspire the next generation of leaders.

The past winners of the K.M. Philip Gold Medal include –

1. Late Manu M Patel (1993): Rendering services through development work, introduction of usage of synthetic rubber, technical service and training etc.
2. Late W G Desai (1995): Rendering services through pioneering work in reclaim rubber, technical services and training, standardisation, assistance in growth of SSI etc.
3. Late Shri S V Lathia (1997): Successful research work carried out to manufacture products, previously imported, thus saving in foreign exchange and for outstanding work in social and rural development work.
4. Late R K Jain (1999): pioneering efforts and developing work in promotion of exports, import substitution, technical upgradation and setting high standards in growth of SSI etc.
5. Prof Anil K Bhowmick (2001): pioneering research into the chemistry of polymers and incorporation of these new developments into technologies and outstanding contribution to imparting education to Indian rubber technologists.
6. Dr Raghupati Singhania (2003): Pioneering efforts to usher in radial tyre technology to India, his foresightedness in setting up state-of-art R&D center HASETRI, his commitment to industrial growth through his leadership in numerous group companies etc.
7. Dr R K Matthan (2005): pioneering efforts in technology transfer, establishment and commissioning of TSR factories, his continued association with technical development and usage of new forms of natural rubber, development of ultra safe\catheters, his continued association with IRI, IRMRA, Cochin university etc.
8. Late Anil Sampat (2007): For his pioneering work in conceiving and successfully organising IRE and providing a platform to the rubber industry to expose its latest technology and to facilitate two way technical exchange and trade, his entrepreneurial qualities in rubber, footwear and textile industries etc.
9. Late R K Raman (2011); His pioneering efforts in establishing world class facility MIL Industries for manufacture of rubber lining coupled with using cold bond process for first time in India, developing advanced technology applications of rubber products in Aerospace industries etc.
10. R V Gandhi (2013): pioneering efforts in developing wide range of reclaim rubbers made from natural and synthetic elastomers, establishing GRP as the largest and most respected manufacturer of reclaim rubber in the world and putting India at the forefront of export of reclaim rubber, his initiative in developing global specifications for reclaim rubber under the aegis of ISO TC 45, his contribution to the cause of education, empowerment of women and training in ethical values etc.
11. Late M F Vohra (2015): For pioneering efforts in developing Zenith Rubber into a global scale manufacturer and supplier of quality rubber sheeting and allied rubber products and exporting 80% to developed markets, for his pioneering his leadership efforts at CAPEXIL in removing impediments to exports of rubber products thereby enabling double digit annual growth of rubber products exports, etc.
12. P K Mohamed (2017): For his pioneering efforts and contribution to high technology in core processes in tyre manufacturing, his pivotal role in standardising tyre dimensions, his passionate commitment to IRI and other technical bodies etc.
13. Arvind Poddar (2019): For his pioneering efforts in evolving BKT from a family enterprise into one of the largest technologically sophisticated companies in the Off-Highway Tyre segment, for his commitment to use green technology, for being recipient of several Government of India Awards for R&D etc.

Titan International, a major global manufacturer of wheels and tyres for off-highway equipment, has secured expanded production rights for the Goodyear brand across multiple segments while renewing its existing farm tyre licensing agreement.

The deal extends Titan’s Goodyear brand manufacturing rights to include light construction, industrial, all-terrain vehicle (ATV), lawn and garden and golf tyre categories, significantly broadening the company's market reach.

The Illinois-based firm will continue to produce agricultural tyres under the Goodyear Farm Tyres brand, maintaining its presence in a sector where it manufactures products ranging from small implement tyres to the massive Goodyear Optitrac LSW1400/30R46, which features the company's proprietary Low Sidewall Technology.

"We are excited to expand our rights into new segments, as this positions us to serve our customers better and seize emerging market opportunities. Our research and product development teams are already working on new tyre designs incorporating innovative tyre technologies for the lawn and garden segment," said Paul Reitz, President & CEO of Titan International, Inc. "In addition to our newly acquired rights, we are reaffirming our commitment to the farm tyres segment, a vital part of our business."

Industry analysts note the expansion comes as demand for specialised off-highway tyres remains robust across construction, agriculture and recreational sectors despite broader economic headwinds.

Strategic growth initiative

The licensing expansion aligns with Titan's strategy to offer comprehensive wheel and tyre solutions across forestry, powersports, outdoor power equipment, agricultural, earthmoving, and light construction markets throughout the Americas, Europe, Africa and Oceania.

The company did not disclose the financial terms of the licensing agreement with Goodyear.

Titan International has manufactured Goodyear-branded farm tyres since 2005, when it acquired Goodyear's North American farm tyre business. It has gradually expanded these rights to other regions, including Latin America, Europe, the Middle East, Africa, Russia, and Australia.

Targets International Expansion With Robust Fy25 Performance

CEAT Ltd, the RPG Group’s flagship tyre company, reported a capital outlay of INR 9–10 billion  for FY2025–26, keeping with its capacity expansion strategy and global integration. This follows a strong FY25 performance of record revenues and double-digit growth across segments despite headwinds in overseas markets.

The business ended FY25 with consolidated revenue of INR 132.18 billion, up 10.6 percent year on year, and Q4 revenue at INR34.21 billion, up 14.3 percent compared to the corresponding quarter previous year. The standalone full-year EBITDA was INR 15 billion, and the Q4 operating margins improved by more than 100 basis points sequentially at 11.5 percent.

"We incurred capex of INR 9.46 billion in FY25 and expect a similar investment of INR 9–1.0 billion in FY26," said Kumar Subbiah, Chief Financial Officer of CEAT. “Our focus will remain on expanding capacities, particularly at the Ambarnath and Chennai facilities, and funding the integration of the recently acquired Camso compact construction business.”

In FY25, CEAT depreciated assets amounting to INR11.40 billion. Much of its FY26 capex will also fund equipment modernisation and normal maintenance at its Sri Lankan operations under Camso, putting a cost estimate of INR1-1.25 billion a year over the next two years.

The Camso acquisition, which is effective from Q2 FY26, is likely to significantly enhance CEAT's global presence. "Integration work has started in full acceleration," said Arnab Banerjee, Managing Director and CEO. “Initial focus will be on customer retention and business continuity, with consolidation expected to double Camso’s current capacity utilisation over the medium term.”

Despite international uncertainties, CEAT renewed its medium-term global growth forecast. Exports are expected to form 25–26 percent of the revenue post-Camso integration. Turbulence still exists in Latin America and North America due to tariff policies and exchange rate weakness. CEAT, however, has reported consistent performance in Europe, the Middle East, and Southeast Asia.

CEAT also indicated a likely raw material cost stabilisation in Q1 FY26, potentially softening by Q2, to support its margin growth initiatives. The gross margin was 37.5 percent in Q4 FY25, and the target was above 40 percent in the near term.

Banerjee signaled ongoing activity in electrification, premiumisation, and digitalisation. "With our technology outlays and new product introductions, we are hopeful of sustaining 20–25 percent market share in electric vehicle segments," he asserted.

The debt levels of the company are under control. The gross debt as of 31 March 2025 was INR 19.28 billion with a debt-to-EBITDA ratio of 1.3x and debt-to-equity ratio of 0.44x. Subbiah added that CEAT's strong cash generation will allow it to finance both organic and inorganic growth without materially diluting leverage metrics.

Black Swan Graphene Inc. (Black Swan) has appointed Jobin George as Technical Sales Manager for the Europe, Middle East and Africa (EMEA) region with immediate effect. This significant move, which supports Black Swan's worldwide commercial team as it promotes adoption of its graphene-enhanced products, follows Dan Roadcap’s appointment as Head of Technical Sales and Business Development.

George has an MBA from ICFAI University in India, a Post Graduate Diploma from the Central Institute of Petrochemical Engineering and Technology in India and a Bachelor of Science in Chemistry from Mahatma Gandhi University, India. He brings with him more than 20 years of global expertise in project management, business development and technical sales. George has had positions at Sands International Plastics and Sojitz Corporation in the United Arab Emirates, as well as Aquapak Polymers and H-Pack Global Ltd.

Simon Marcotte, President and Chief Executive Officer, Black Swan Graphene, said, “The addition of Jobin to our commercial team marks another important milestone in our global expansion strategy. His international experience, particularly in the EMEA region, and his proven ability to translate technical capability into commercial success make him an ideal fit as we continue scaling our graphene business.”

George said, “Black Swan is positioned at the forefront of advanced materials innovation. The opportunity to contribute to the adoption of such a transformative technology across the EMEA region is tremendously exciting. I look forward to engaging with our existing customers and partners, along with exploring opportunities for new clients as well, to showcase the performance and value of Black Swan’s graphene solutions.”

The Tire Recycling Foundation (TRF), a joint initiative led by the U.S. Tire Manufacturers Association (USTMA) and the Tire Industry Association (TIA), has appointed Stephanie Mull as its Executive Director.

Mull will spearhead the organisation's initiatives to promote innovation and invest in the circular tyre economy, expand the market for end-of-life tyres and support studies to fill in the gaps in the sustainability and tyre recycling supply chain in her new role at TRF. Mull brings a wealth of experience in the sustainability field and a broad understanding of fleet management and decarbonisation, including converting fleets to electric and alternative fuel vehicles. In her role as PepsiCo's Sustainability Senior Manager, she oversaw major electrification projects, obtained grant money and spearheaded efforts to lower Scope 1 and Scope 2 emissions throughout Pepsi and Frito-Lay's North American fleets. Mull oversaw the local government's efforts to upgrade municipal vehicles to greener technology and volunteered to help the Red Cross electrify its fleet.

Anne Forristall Luke, TRF Board President, said, “Stephanie Mull brings the passion, in-depth expertise and history of excellence that will drive TRF and its partners to achieve critical tyre recycling and reclamation milestones. We are thrilled to have her join the Foundation as we advance tyre sustainability while tackling the challenges and opportunities ahead.”

Mull said, “I’m honoured to join the Tire Recycling Foundation and support its sustainability mission to achieve 100 percent end-of-life tyre circularity. TRF is a vital nexus of expertise and leadership, and I look forward to working with all stakeholders in developing tyre recycling solutions that pave the way for a more sustainable future.” 

The Tire Recycling Foundation is dedicated to achieving 100 percent circularity for end-of-life tires by advancing innovation, building partnerships and supporting scalable recycling and reclamation solutions. Consisting of 15 global industry leaders with expertise in the manufacturing, recycling and transportation industries, TRF’s Board primarily focuses on the acceleration and adoption of emerging end-of-life tyre market technologies like rubber-modified asphalt (RMA).