As per Govt. of India’s Automotive Mission Plan, by 2026, India will be the third largest automobile manufacturer globally, 12% of GDP will be from automobile sector and will generate around 65 million employment. As per Rubber Skill Development Council (RSDC), in the next decade, 1 million trained and skilled manpower will be required in the Indian Rubber MSME sector including organized Tyre & non tyre sectors. This translates to 1 lakh people have to be trained every year. This is a gigantic task and it requires to create significant infrastructure for skill development & training in the country for rubber sector.

Centre of Excellence

Encouraged by our Hon’ble. Prime Minister’s Skill India Mission and Atmanirbhar Bharat and continuous effort for Skill development & to enhance indigenous technology development capability, we the members of Indian Rubber Institute (IRI) took initiative to establish Centre of Excellence for Rubber Technology Education, Training, Research, Testing and Skill Development at JSS Science & Technology Campus, Mysuru. The JSS Mahavidyapeetha Management were kind enough to provide 10,000 sq.ft land area on long lease for establishment of this centre. In this regard, IRI has signed an MoU with JSS MVP on 18th March 2021. IRI decided to dedicate this Centre of Excellence under the name of late Dr D. Banerjee, who is known as Father of Indian Rubber Industry. This Centre is aimed to be empanelled with RSDC / NSDC, Ministry of Skill Development & Entrepreneurship, Govt. Of India as a premier institute for Skill Development for rubber sector in India. We envisage that this center would not only generate employment but also produce a large number of entrepreneurs, who in turn would generate further employment and contribute to MSME segments. Apart from producing skilled manpower, this Centre is also planned to provide Rubber product development, consulting and testing services to the rubber industry in order to become self-sustainable Centre in future.

The construction of the 32,000 sq. ft. building for proposed Centre of Excellence already completed. This building consists of one auditorium (seating capacity 225 people), two training halls, one library-cum-documentation centre, one workshop, rubber processing lab and various testing laboratories (Physical, Analytical, Chemical & characterization) including data analytic lab for training, skill development and hands on training on equipment & machineries for rubber & allied industries including tyre testing and auto rubber component testing facility. These testing facilities will cater the needs of meeting skill requirement of Emerging Legislations & Regulations in automobile and tyre industries like Fuel Efficiency, Safety, etc.

The estimated cost of this establishment is around Rs 60 Crores for Building, Furniture/fixtures and equipment/machinery in three phases. National Skill Development Corporation (NSDC), under Ministry of Skill Development & Entrepreneurship and Rubber Skill Development Council (RSDC) are helping IRI to establish the centre.

Activities of Dr. D Banerjee Centre of Excellence

• To fulfil the objective of Indian Rubber Institute

• To provide sustainable employment and improved quality of life to more than 20,000 people through implementation of this project in next seven years in association with RSDC/NSDC.

• Entrepreneurship Development - To upgrade skill of workers in rubber & allied industry (MSME Sector) and to encourage entrepreneurship through appropriate skill & technology interventions as to enable them to produce quality rubber products at a competitive price.

• Providing training to increase the productivity & efficiency of MSME Sector in Rubber & Allied industry.

• Testing, Benchmarking, Reverse Engineering, Failure Analysis, Compound Development, Product Development, Simulation & Modeling, Data Analytics and Certification for tyre & non tyre sector (Tyre Testing and Auto Rubber Component Testing facility)

• Technology Development for Rubber MSME sector for creating new avenues for sustenance of MSMEs in rubber industry - To create Design Studio for development of new products / designs and prototypes to cope with diversification and changes in use of rubber in the industry

• To create Centre of excellence with well integrated forward and backward linkages.

• To impart with latest information regarding technology, process, marketing and the changing needs of customers.

• To coordinate with all associations (AIRIA, ATMA, ACMA, SIAM, SAE, IITs & Other Universities for promoting Rubber Technology Education, Training, Skill Development, Testing and R&D for Rubber and allied industries.

• Continue to offer Diploma & Post Graduate Diploma in Rubber Technology in association with RTC, IIT Kharagpur and expanding to neighbouring countries (Sri Lanka, Thailand, Malaysia, Vietnam etc.)

• Starting of B.Voc. Course in Rubber Technology in association with JSS Science & Technology University, Mysore and Rubber Skill Development Council (RSDC).

• Jointly conducting short term courses, workshops, seminars & conferences with Department of Polymer Science & Technology, JSS S&T University, Mysore and other Universities/institute of national importance.

• This centre will act as a Nodal Centre for Skill Development and Training in Rubber Sector in Southern Region in particular in the State of Karnataka. (TT)

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Goodyear has reached a significant milestone in its global sustainability strategy with the completion of a major solar installation at its Kunshan facility. The 12.3 MW on-site project, which was finished in May 2025 and became grid-connected the following month, supplied 10 percent of the plant's power needs for the remainder of the year. Looking ahead, it is projected to account for more than 12 percent of annual electricity consumption. The system is designed to generate roughly 11,500 MWh of power each year, resulting in an estimated reduction of 7,500 metric tonnes of carbon emissions annually over its 25-year lifespan.

This advancement reinforces the company’s commitment to securing 100 percent renewable electricity for its manufacturing operations by 2030 and achieving total renewable energy use by 2040. Within the Asia Pacific region, cumulative solar investments now contribute more than 40 MW of on-site renewable capacity. Beyond the numbers, the project exemplifies a broader dedication to operational excellence and environmental stewardship, showcasing how innovation can drive meaningful progress towards a cleaner energy landscape.

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NEXEN TIRE has inaugurated the Purple Snow Ivalo Center, a new facility in Ivalo, Finland, specifically designed for the development and testing of winter and all-weather tyres. The launch event brought together the company’s Chief Technology Officer, Jong Myung Kim, and members of the European automotive media, who were able to witness the centre’s advanced capabilities firsthand. This included test-driving winter tyres and touring both the indoor and outdoor testing areas managed by UTAC, Europe’s premier automotive testing organisation, within whose expansive proving ground the new centre is situated near the Arctic Circle.

The establishment of this dedicated facility marks a significant step in the tyre manufacturer’s strategy to enhance its winter tyre research and development. It complements internal efforts such as a specialised laboratory focused on winter road surface characteristics. The newly secured proving ground, under a long-term lease, features a variety of snow handling tracks, including a large flat circuit and courses with different gradients and curves. This real-world testing environment is particularly crucial as several major European countries, including Germany, Italy and Sweden, now mandate the use of winter tyres bearing the Three-Peak Mountain Snowflake symbol. With Europe representing over 40 percent of the company’s revenue, strengthening competitiveness in this market is paramount.

A key advantage of the Ivalo location is its capability to test studded tyres, which are essential for the icy conditions found in Northern Europe, allowing for a more strategic response to regional demand. Beyond immediate testing, the centre serves as a vital link between virtual simulation and physical validation. Following the introduction of a high-dynamic driving simulator, the first in the Korean automotive industry, the company can now instantly verify its performance predictions with on-snow driving tests. This integration is expected to accelerate the advancement of AI-driven virtual development technologies and create new opportunities for original equipment projects, thereby strengthening the foundation for producing high-performance tyres.

This new testing infrastructure is one component of a broader market approach. Complementing the facility’s opening, NEXEN TIRE has been actively expanding its product portfolio. Recent additions include the WINGUARD Sport 3, launched in Europe last year, and the ongoing expansion of the N’BLUE 4Season 2 lineup, an all-weather tyre engineered to satisfy winter tyre requirements.

John Bosco (Hyeon Suk) Kim, CEO, NEXEN TIRE said, “This testing centre brings together a uniquely favourable northern European location with a long winter season and the operational expertise of a leading testing specialist. It will serve as a key hub for advancing our research and development capabilities for winter and all-weather tyres. Based on this foundation, we will continue to enhance our testing and research capabilities in line with the requirements of the European and global markets and further strengthen our competitive position.”

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Apollo Tyres will invest INR 58 billion over three years to expand passenger car and truck tyre capacity at its Andhra Pradesh plant, as utilisation in India moves into the high 80s and truck and bus radial lines approach full capacity.

The board has approved the capital expenditure for financial years 2027 to 2029, with about INR 20 billion scheduled for FY2027. Total consolidated capex in FY2027 is expected to be about INR 30 billion, including roughly INR 7 billion of maintenance and operational spending and ongoing expansion in Hungary.

Neeraj Kanwar, Managing Director And Vice-Chairman, said the company was “running at close to 100 percent utilisation” in truck and bus radial tyres and was seeing shortages in truck, passenger car and farm segments.

For the quarter ended December 2025, consolidated revenue rose nearly 12 percent year on year to INR 77.4 billion, the highest quarterly revenue on both a standalone and consolidated basis, the company said. EBITDA stood at INR 11.9 billion, with a margin of 15.3 percent, compared with 14.9 percent in the previous quarter and 13.7 percent a year earlier.

In India, revenue was INR 51.4 billion, up more than 13 percent, with mid-teens volume growth in OEM and replacement channels and exports growth just short of 20 percent. The company said utilisation across India operations was in the high 80s for both passenger car radial and truck and bus radial tyres.

In Europe, revenue was €180 million, broadly flat year on year, reflecting a subdued market. The European passenger car replacement market declined 4 percent in the quarter. EBITDA in Europe was €32 million, with a margin of 17.9 percent, compared with 17.7 percent a year earlier and 12.7 percent in the preceding quarter.

In Europe, the group will close its Enschede plant in the Netherlands by the end of June 2026. Production is being transitioned to Hungary and India. Management expects the benefits of the restructuring to begin flowing through from the second half of FY2027, although it declined to provide margin guidance.

The India expansion will lift passenger car tyre capacity by 10,500 tyres per day from an existing base of about 58,000 tyres per day, an increase of 17–18 percent. Truck and bus radial capacity of more than 15,000 tyres per day will rise by 3,600 tyres per day, or more than 20 percent. Some capacity will come on stream in FY2028, with the full benefit expected by FY2030.

Gaurav Kumar, Chief Financial Officer, said the expansion equates to roughly INR 170 million per metric tonne of added capacity, compared with INR 115-120 million per tonne in the previous Andhra investment in FY2021. The increase reflects “inflationary pressures” and the adoption of “state-of-the-art” technology to cater to global OEMs in India, Europe and the US.

He added that the decision marked a shift from incremental debottlenecking to larger civil construction. “We reached a stage where we could not further increase the capacity by line balancing and hence, any further increase in capacity needed civil,” Kumar said.

The company expects to take on some additional debt during the capex cycle. Consolidated net debt fell to INR 13 billion at the end of December 2025, from INR 26 billion at the end of September, driven by lower short-term borrowings and stronger operational cash flow. Net debt to EBITDA declined to 0.4 times from 0.8 times.

Kumar said net debt to EBITDA would remain below the long-term ceiling of 2.0 times “even at the peak levels” of capex.

Return on capital employed is running at 13.5 percent, below the 15 percent target previously outlined by the group. Management said it would revisit capital allocation and return metrics as it formulates a new five-year plan to March 2031.

On raw materials, the company expects costs to remain steady in the fourth quarter. In the December quarter, natural rubber was about INR 195 per kg, synthetic rubber INR 170 per kg, carbon black INR 115 per kg and steel cord about INR 155 per kg.

Apollo does not hedge rubber or crude oil. “We came to the conclusion to stay away from rubber or crude oil hedging,” Kumar said. Foreign currency borrowings are fully hedged, while operational exposure in India is hedged between 75 percent and 100 per cent.

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Kuraray Co., Ltd. reported a sharp fall in net profit for 2025 after recording impairment losses in its isoprene and elastomer businesses, even as operating cash flow remained positive and the group outlined a recovery in 2026.

The Japanese chemicals group posted net sales of USD 5.27 billion for the year to December 31 2025, down 2.2 percent from USD 5.39 billion year earlier. Operating income declined 30.8 percent to USD 383.7 million, while ordinary income fell 36.8 percent to USD 335.0 million.

Net income attributable to owners of the parent dropped 76.5 percent to USD 48.9 million, reflecting extraordinary losses that included USD 193.5 million in impairment charges related to the isoprene chemical business and thermoplastic styrene elastomers.

Total assets rose to USD 8.49 billion at year end from USD 8.44 billion , while net assets fell to USD 4.92 billion, resulting in an equity ratio of 57.0 percent. Interest-bearing debt increased, contributing to a rise in total liabilities.

Net cash provided by operating activities amounted to USD 642.3 million, compared with USD 901 million in the previous year. Investing activities used USD 641 million, largely for capital expenditure, and financing activities used USD 106.5 million, including USD 196.1 million in share buybacks and USD 113.7 million in dividends. Cash and cash equivalents at the end of the period stood at USD 705.5 million.

By segment, vinyl acetate sales declined 2.5 percent to USD 2.64 billion while the isoprene business recorded sales growth of 5.3 percent to USD 523.8 million but remained loss-making. Functional materials sales were broadly flat, while operating income fell. Fibres and textiles saw lower sales but improved profitability. Trading sales edged higher.

For 2026, Kuraray forecasts net sales of USD 5.54 billion and operating income of USD 456.0 million. Net income attributable to owners of the parent is expected to recover to USD 260.6 million.

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