Kolkata-headquartered Himadri Speciality Chemical has announced its financial results for Q3 FY2025 with revenue of INR 11.32 billion, up 7.5 percent YoY, as against INR 10.53 billion for the same period a year ago. The EBITDA came at INR 2.2 billion, as against INR 1.69 billion, and net profit grew by 31.48 percent at INR 1.42 billion as against INR 1.08 billion for the same period last year.

Anurag Choudhary, CMD & CEO, Himadri Speciality Chemical, said, “We are excited to share our Q3 and 9M FY25 results, which showcase a strong and sustainable performance across all key financial and operational metrics. We achieved our highest-ever quarterly EBITDA of INR 2.22 billion in December quarter. For the 9M period, our sales volumes grew by 24 percent, reaching 415,679 MT, up from 335,265 MT in the same period last year. This growth was reflected in a 34 percent increase in EBITDA to INR 6.11 billion, and a 35 percent rise in PAT to INR 4.0 billion, further solidifying our upward trajectory. Our balance sheet continues to reflect our financial discipline and resilience, with a net positive cash balance of INR 1.09 billion. This positions us well to capitalise on strategic opportunities and drive long-term value creation.”

“I am pleased to inform you all that Himadri Speciality Chemical has recently been awarded with EcoVadis Platinum medal. This recognition is awarded to the top 1 percent of companies assessed by EcoVadis in the world amongst more than 130,000 assessed companies globally. This distinction reflects the quality of the company's sustainability management system and demonstrates the highest level of corporate governance and a commitment to promoting transparency throughout the value chain. Himadri has reported robust performance across its portfolio of products. Our export portfolio is strengthening, particularly bolstered by the commencement of our high-temperature Liquid Coal Tar Pitch export terminal at Haldia Port in October 2024,” he added.

Furthermore Choudhary announced that the company had earmarked INR 1.2 billion towards expanding its presence in high-value products – including Anthraquinone, Carbazole, Fluorene – from its existing coal tar distillates. The expansion is expected to be completed within the next 18 months.

Furthermore, it sees the booming electric vehicle industry in India to provide new growth impetus. Himadri Speciality Chemical expects the demand for lithium-ion battery, in the cathode active material space, LFP continue to be the leading technology, with graphite anodes dominating the anode technology. The company shared that it has been progressing well on development of these technologies and its LFP cathode project is moving forward as planned.

It is also on track to commence operations and enter the tyre space on the back of its acquisition of Birla Tyres. The commercial production is expected to start soon with ramping up of production being planned over the next two to three years.

Adding to that it is also enhancing carbon black production from its Singur facility from the existing 180,000 MTPA to 250,000 MTPA by Q3 FY2026. This also will see it scaling up its specialty carbon black capacity to more than double at 130,000 MTPA from the present 60,000 MTPA. 

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The Yokohama Rubber Co., Ltd. has announced that a car equipped with its premium ADVAN tyres has secured a landmark victory in the SP9 PRO-AM class at the 53rd ADAC RAVENOL 24h Nürburgring, held from 19–22 June in Germany. The winning car, the No. 65 HRT Ford Mustang GT3 entered by Haupt Racing Team (HRT), delivered an exceptional performance, finishing fourth overall – the highest ever for a PRO-AM team – while claiming top honours in its class.

The SP9 PRO-AM category features a mix of professional and amateur drivers competing in the premier SP9 class. The HRT Ford Mustang GT3 demonstrated remarkable consistency, maintaining a top-10 position throughout the gruelling 24-hour endurance race. This triumph also marked the first major European victory for the Ford Mustang GT3, further highlighting the performance and reliability of Yokohama’s ADVAN racing tyres.

Beyond this achievement, Yokohama Rubber and HRT continue their collaboration in the Nürburgring Langstrecken-Serie (NLS), where the team will again rely on ADVAN tyres in upcoming races, including the sixth round in August. The Nürburgring 24-Hour Race, held on one of the world’s most demanding circuits, serves as a key battleground for leading tyre manufacturers. Yokohama Rubber has a strong legacy in the event, with three overall victories to its name.

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Frost & Sullivan has officially recognised Linglong Tire as the world's largest original equipment tyre supplier for New Energy Vehicles (NEVs) in 2024, based on its sales performance. NEVs, encompassing both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), saw Linglong provide over nine million tyres to major automakers, including Hongqi, BYD, Geely and Dongfeng Nissan. The company’s NEV-specific tyres feature low rolling resistance, reduced noise levels and superior grip, tailored to meet the unique demands of electric and hybrid vehicles.

Beyond its global NEV leadership, Linglong Tire also dominated China’s passenger car tyre market in 2024. This success was driven by its dual-engine strategy, focusing on product excellence and sales expansion. The Linglong Sport Master line, known for its premium quality, played a key role in boosting market share across all major segments. Strategic collaborations, such as its partnership with JD Car Maintenance, along with an optimised nationwide distribution network, further fuelled sales growth. These achievements solidify Linglong’s position as a key player in both domestic and international tyre markets.

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Hankook Tire demonstrated its technical excellence at the 2025 Hankook Berlin E-Prix, hosting Rounds 13 and 14 of the 2024/2025 ABB FIA Formula E World Championship. The event marked a pivotal moment in the season, with Mitch Evans and Nick Cassidy securing crucial victories that reshaped the championship battle. Oliver Rowland retained the lead in the drivers' standings with 184 points, though Pascal Wehrlein remains a strong contender with 125 points. Meanwhile, TAG Heuer Porsche Formula E Team has extended its advantage in the teams' championship, now holding 226 points.

The Tempelhof Airport circuit, with its rugged concrete surface originally designed for military aircraft, pushed tyres to their limits. The abrasive track conditions tested grip, durability and braking performance across two intense race days. Hankook’s GEN3 Evo iON Race tyre, engineered exclusively for Formula E’s GEN3 Evo cars, delivered outstanding results. Its specialised compound and tread design ensured consistent traction and thermal management, even as track temperatures fluctuated. Drivers praised the tyre’s stability in high-speed corners and under heavy braking, as well as its ability to handle the unpredictable grip levels caused by off-line dust accumulation.

DS Penske driver Maximilian Günther said, “It gave me the consistency I needed across both races – and that kind of trust in a tyre is key at this point in the championship. Racing here on home soil always means a lot to me – so to feel that level of confidence in the car and tyres was really special.”

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The Tyre Recovery Association has announced the date and venue for the 2025 Briefing Day event. As per the official statement, the UK tyre recycling’s premier event will be held on 16 September 2025 at Ardencote Hotel, located in Warwickshire’s Shakespeare’s country.

Participation is free for media representatives, TRA members and its industry partners and regulators. For other participants, a nominal charge of GBP 70.00 plus VAT per person is applicable, which includes buffet lunch and refreshments.

The Outline Programme is as follows:

• KEYNOTE ADDRESS
Georgia Elliott-Smith, CEO, Fighting Dirty

• MARKET AND DATA INSIGHTS
Astutus Research

• TACKLING ILLEGAL WASTE SHIPMENTS
The EA National Environmental Crime Unit

• PROPECTS FOR PYROLYSIS – THE UPDATE
Weibold Consulting

• OPPORTUNITIES FOR RUBBERISED ASPHALT
The European View – ETRA

• A NEW FUTURE FOR RETREADING
Vaculug Tyres

• SUSTAINABLE AVIATION FUEL – A MAJOR ELT OPPORTUNITY
Wastefront Limited

• POINTS OF VIEW

• RESOLVING THE EXPORT PROBLEM
George Eustice, Penbroath Consultants

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