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.

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In a significant leadership transition, PCBL Chemical, a part of the RP-Sanjiv Goenka Group, has appointed Nilesh Koul as its Managing Director for a five-year term, effective immediately. The company's Board confirmed this appointment during its meeting on 3 November 2025 subject to final ratification by shareholders through a postal ballot. This change was prompted by the resignation of the former Managing Director, Kaushik Roy, who stepped down for personal reasons, effective from the same date. The Board emphasised that selecting Koul is a strategic step aimed at ensuring leadership continuity and driving the company's future growth.

Koul is an experienced leader with a career spanning 28 years across diverse sectors including metals, oil and gas, construction materials and FMCG. His professional background includes senior executive roles at prominent organisations such as Hindalco Industries, British Petroleum, Castrol India, LafargeHolcim and Pidilite Industries, where he managed international operations. His most recent position was Senior President and CEO of the Aluminium Downstream business at Hindalco Industries. Academically, he is a graduate of G B Pant University and an alumnus of IIM-Ahmedabad, and he also serves on the Board of the Aerospace India Association.

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Tire Rack is celebrating the induction of its co-founder and longtime CEO, Mike Joines, into the Tire Industry Hall of Fame. The company credits Joines' automotive passion as the foundational spark for its mission to transform the tyre industry. Under his leadership, Tire Rack pioneered one of the first e-commerce platforms for tyre retailing, fundamentally changing how consumers research and purchase tyres.

The company’s philosophy, established by Joines, centred on empowering customers through comprehensive information rather than just completing a sale. This customer-first approach was built upon providing detailed product reviews, performance testing data, side-by-side comparisons and expert guidance.

Tire Rack also acknowledges that Joines understood the critical role of its team, noting that the ingenuity and integrity of its employees have been the true driving force behind decades of innovation and sustained customer trust. The company honours Joines as an enthusiast, innovator and leader whose devotion remains a source of inspiration.

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Goodyear Tire & Rubber reported a net loss of USD 2.2 billion for the third quarter of 2025, weighed down by significant non-cash charges, even as its “Goodyear Forward” transformation programme continued to deliver strong operational benefits and major divestitures were completed.

The tyre maker said segment operating income rose to USD 287 million in the quarter, reflecting USD 185 million in cost-saving benefits from Goodyear Forward, which helped offset inflationary pressures, lower volumes and the absence of prior-year insurance recoveries.

“We delivered a meaningful increase in segment operating income relative to the second quarter in an industry environment that continued to be marked by global trade disruption,” said Mark Stewart, Chief Executive Officer and President. “This growth underscores our strong product portfolio and the consistency of our execution under the Goodyear Forward plan, both of which we expect to support further acceleration in our earnings during the fourth quarter.”

Goodyear’s quarterly net sales were USD 4.6 billion, with tyre unit volumes at 40 million. The company recorded a USD 1.4 billion non-cash deferred tax asset valuation allowance and a USD 674 million goodwill impairment charge during the quarter. Adjusted net income was USD 82 million, compared with USD 102 million a year earlier.

The company stated that all planned asset sales under its Goodyear Forward plan had now been completed, generating total gross proceeds of approximately USD 2.2 billion, which will be used to reduce debt and reinvest in growth.

On 31 October, Goodyear finalised the sale of the majority of its Goodyear Chemical business to an affiliate of Gemspring Capital Management, LLC, for USD 650 million, subject to adjustments. At closing, Goodyear received approximately USD 580 million in cash, which reflected working capital adjustments, including those for intercompany receivables.

“With the sale of our Chemical business, we have completed all of the planned asset sales included in our Goodyear Forward transformation program,” said Stewart. “Additionally, we surpassed initial expectations, with total gross proceeds from the divestitures of approximately USD 2.2 billion. As a result, we have a more focused, streamlined portfolio that will allow us to grow our core products and services and achieve our vision of being #1 in Tires and Service.”

The sale included Goodyear Chemical facilities in Houston and Beaumont, Texas, as well as a research office in Akron, Ohio. The company retains its chemical plants in Niagara Falls, New York, and Bayport, Texas, as well as the rights to the products produced there.

By region, the Americas segment reported third-quarter sales of USD 2.7 billion, a 4.2 percent year-over-year decline, as replacement tyre volumes decreased due to high inventories of imported products in the US market. Segment operating income fell to USD 206 million from USD 251 million.

In Europe, the Middle East and Africa (EMEA), sales rose 4.4 percent to USD 1.4 billion, supported by favourable currency movements and stronger price/mix. Operating income increased to USD 30 million from USD 23 million a year earlier.

Asia Pacific sales fell 18.9 percent to USD 501 million, reflecting the sale of the Off-the-Road (OTR) tyre business and softer demand in Japan, Australia and China. Segment operating income dropped to USD 51 million from USD 72 million.

Goodyear said it expects to achieve about USD 1.5 billion in annualised run-rate benefits from the Goodyear Forward programme by the end of 2025.

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Tomoshige “Tomo” Mizutani, advisor and former Chairman and Chief Executive of Nitto Tire USA Inc., has been inducted into the Tire Industry Hall of Fame, one of the sector’s most prestigious honours.

The induction, hosted by the Tire Industry Association (TIA), will take place in Las Vegas alongside the 2025 SEMA Show, running from November 4 to 7.

With more than four decades in the tyre industry, Mizutani is widely credited with transforming Nitto Tire USA from a struggling operation in the early 1990s into a billion-dollar brand recognised for its innovation, performance, and strong connection with car enthusiasts.

“Our 2025 inductees embody the spirit of innovation and service that defines the tyre industry,” said Dick Gust, CEO of the Tire Industry Association. “Their contributions have improved safety, expanded opportunity, and shaped the way we do business worldwide.”

Mizutani’s approach combined deep market insight with bold risk-taking. By engaging with emerging communities of young car enthusiasts and later expanding into the off-road segment, he helped reposition Nitto as a brand built around passion and creativity.

Known for embracing innovation, Mizutani was among the first to champion enthusiast-driven product development and leverage digital and social media marketing to build brand loyalty. Under his leadership, Nitto cultivated a social media community exceeding 13 million followers, making it one of the most engaged automotive brands online.

“When new game-changing innovations would arise,” Mizutani said, “we viewed them as huge opportunities instead of risks.”

A frequent speaker at leading universities and industry events, Mizutani has shared his philosophy of creativity, resilience and perseverance with aspiring business leaders, often reminding audiences to “never ever give up.”

“This honour is beyond my dreams,” Mizutani said. “I’ve been privileged to meet and learn from industry legends who inspired me since my first day in America. I am deeply grateful for the incredible people who have guided, challenged, and supported me throughout my journey.”

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