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.

Pyrum Innovations AG has announced that its Supervisory Board has extended the contract with Chief Financial Officer (CFO) Kai Winkelmann until 31 March 2030 to ensure continuity in the management of the company.

Winkelmann joined the firm in February 2021, and on 1 April 2022, he was initially named to the Executive Board as CFO. He has so far played a major role in obtaining the company's funding during his tenure at Pyrum, including last year's successful capital raise. Winkelmann is in charge of Finance, Compliance and IT in his role on the Executive Board.

Alf Schmidt, Chairman of the Supervisory Board, said, “We are pleased about the contract extension of Kai Winkelmann, who has proven his skills and in-depth expertise in the financial sector and at the management level in recent years. Over the last four years, he has made a significant contribution to the development of the necessary administrative structures and to the success of the company, and has promoted its rapid further development. We have confidence in his foresight and are convinced that Winkelmann will continue to play a central role in the successful implementation of the company’s goals in the years to come.”

Bridgestone Corporation (Bridgestone) has been selected once again to continue as a constituent of three internationally renowned environmental, social and governance (ESG) indexes: the MSCI ESG Leaders Indexes, the FTSE4Good Index Series and the Dow Jones Sustainability World Index (DJSI World).

Bridgestone has been a part of the MSCI ESG Leaders Indexes for two years in a row since 2023, the DJSI World for three years in a row since 2022 and the FTSE4Good Index Series for seven years in a row from 2018. Bridgestone's specific Mid Term Business Plan (2024-2026) has been steadily implemented, putting sustainability at the centre of its operations. The company's 2020 vision and Mid-Long Term Business Strategy served as the foundation for the plan.

According to the company statement, “Setting forth the vision of ‘Toward 2050, Bridgestone continues to provide social value and customer value as a sustainable solutions company’, Bridgestone links its business to the realisation of carbon neutrality, a circular economy and nature positivity across the entire value chain. From the ‘produce and sell’ phase and the ‘use’ of its products through to their ‘renewal’ to raw materials, Bridgestone aims to build a foundation for creating sustainability value.”

The following initiatives have contributed to Bridgestone's inclusion in these indexes:

• Contributing to a circular economy and attaining carbon neutrality by using ENLITEN technology to make tyres from recycled and renewable resources, using BCMA and switching to ‘Green & Smart’ manufacturing at Bridgestone locations to increase resource productivity and energy efficiency.
• Encouragement of nature positivity through initiatives for the sustainable use of water resources and natural rubber that are closely related to the commercial operations of the firm, including strengthening assistance for natural rubber smallholders.
• Strengthening of a thorough structure and procedure for human rights due diligence that aims to identify, mitigate, avoid and disclose human rights concerns.
• Visualisation and disclosure of the impact of social contribution actions that are in line with the global goals.

German automotive company and tyre major Continental has been added another feather to its cap with bagging the ‘Tire Manufacturer of the Year’ at this year’s Tire Technology International Awards for Innovation and Excellence at this year’s Tire Technology Expo.

With this, Continental becomes the only tyre maker to have won two concurrent awards – Tire Manufacturer of the Year and Environmental Achievement of the Year – Manufacturing. The company’s Lousado facility in Portugal was also recognised for manufacturing tyres CO2-neutrally since last year.

Edwin Goudswaard, Head of Research & Development, Continental Tires, said, "We are especially proud to be the only manufacturer to be honoured twice at the Tire Technology Awards in an extremely competitive field. Both awards highlight our strong commitment to sustainable tire development and manufacturing. In such a highly competitive market, this success demonstrates our innovative prowess and our ability to actively shape the future of the industry."

Interestingly, this also marks it the fourth time that the German company has bagged the Tire Manufacturer of the Year award. The awards took into consideration tyre makers globally and were evaluated by a jury of 27 independent industry experts.

Going forward, Continental has outlined its ambition to switch all of its tyre plants to fully carbon-neutral production processes by 2040 at the latest.

Hankook Tire & Technology (Hankook Tire) has appointed Jongseon Ahn and Sanghoon Lee as Executive Directors and new Co-CEOs, following a resolution passed at the Annual General Meeting and Board of Directors meeting held on 26 March.

Ahn will be in charge of Hankook Tire's global innovation, R&D, procurement, production and quality, while Lee will be in charge of global sales and marketing initiatives to strengthen the premium positioning of the company's unified global brand, Hankook, as well as the supply of original equipment (OE) tyres for new vehicles. In addition to the leadership nominations, shareholders approved all eight agenda items at the Annual General Meeting, including the approval of the consolidated financial accounts, partial revisions to the Articles of Incorporation and director appointments.

Ahn has extensive leadership expertise and a proven track record of advancing technology innovation in the operational holding firm, Hankook & Company. He oversaw general management and spearheaded innovative initiatives in 2021 while serving as COO of Hankook & Company and Head of ES (Energy Solution) Business Headquarters. He became the CEO in 2022 and oversaw the company's expansion of premium Absorbent Glass Mat (AGM) battery sales into important international markets, which greatly increased profitability and strengthened the company's platform for long-term success.

Lee's vast worldwide leadership experience serves as the foundation for his profound understanding of marketing and global sales strategy. He has held important regional leadership positions in China and Europe since 2018, during which time he has played a crucial role in bolstering the company's premium brand positioning internationally and continuously promoting creative business performance, both of which have greatly increased revenue. At the conclusion of last year, he was nominated as Hankook Tire's Co-CEO due to his success and leadership.