The bicycle industry has seen an exponential demand, especially since the Covid-19 pandemic hit. With an increase in commodity prices and new players entering the industry, every manufacturer has to be as efficient as possible to make its bicycle stand out in the market. We talk to Scott Sports India on making its place in the Indian market, the impact of the pandemic and investing in its customers. 

The increase in the purchasing power of consumers in developing nations like India, Mexico and Malaysia is anticipated to be the utmost driver for the bicycle market in the years to come. Also, according to a recent study, the global bicycles market is expected to reach USD 78 billion by 2026, especially with so many bicycle players making their way into the market.

One such company is Scott Sports, a Swiss producer of bicycles, winter equipment, motorsports gear and sportswear, which has also made its place in India. Working towards the development, manufacturing, sales and marketing of high-end performance products intended for biking, the company’s agenda is to get more and more people out on bicycles, cycling outdoors. When the company started off in India, a large part of its customers was, in fact, people from the IT sector. These people had travelled across the world on projects, realising that there is a lifestyle that one can have and that there are bikes that one can buy which actually cater to this lifestyle, giving one a better riding experience. However, as time has gone by, the company has had customers right from a 12- or 13-year-old kid to an 85-year-old gentleman, ever since it started its journey in India in 2012. It currently has about 110 outlets and with the Avanti Giro FM1 brand coming in, it is planning to add another 150 outlets in the next 12 months. 

Bikes suitable for anyone and everyone

Scott Sports introduced Avanti Giro FM1 from New Zealand recently in India, making it suitable for southern hemisphere countries. “In the southern hemisphere, largely, there exists a lot of commute and price-sensitive customers, from India to South Africa to Brazil to Australia etc.,” says Jaymin Shah, Managing Director, Scott Sports India, and continues, “That entire belt of countries consists of sports, but at the same time, is very sensitive to price. Therefore, at the end of the day, they want products that are designed for a particular reason, that can do the work and don’t burn a big hole in their pockets. This is why we launched the Avanti brand, which also lets us reach out to a bigger target audience that is India.”

But introducing a bike for the southern hemisphere is not the company’s only unique element. Scott Sports, till it entered the business, realised that bicycles are available in a one-size-fits-all kind of a category. What Scott Sports did was get the same bicycle in different frame sizes. “Just the way you can buy a shirt in a small, medium, large or XL size, the same can be done with bicycles,” Shah reveals and adds, “This is a change that the Indian customer did not know about (about a decade back).”

Another element that Scott Sports focuses on is called ‘bike fit’. Shah explains, “Bike fit is a concept where one can customise the dimensions on one’s bike. The frame size remains the same, but it has a different leg length, torso length and so on.”

Shah further informs, “We have a system and a software, along with a German partner, where the system scans your body and makes recommendations as per the model you want to select.”

A broken helmet is a good helmet

Customisation or no customisation, one factor that people surely look for in any vehicle, including bicycles, is safety. Catering to this need, we see many bicycle brands offering helmets or other safety features. Scott Sports’ bikes come equipped with reflectors, which are mandatory. “Along with this, we sell a lot of products as accessories, like helmets, reflector vests or even reflector stickers,” Shah asserts. Pointing out a very interesting aspect about helmets, he further tells us, “While the core idea of a helmet is to protect the bicycle rider, many people think that the helmet should not break when they crash. However, the fact is that if the helmet does not crack after a severe crash, then the helmet in question is of a sub-standard variety. A good helmet will crack. This is because the crack is what dissipates the fall and distributes the impact.”

Increase in commodity prices

Scott Sports is currently catering to three segments – lifestyle, commute and sports. Shah believes that the sports and lifestyle segments will see growth. “On the commute side, we have suddenly seen a drop in bicycles, only because cars are back on the streets,” he tells us.

As these segments see growth, prices too will be a factor of consideration. All of Scott Sports’ bicycles are made of alloy and carbon. However, general commodity prices, which include aluminium alloy etc., have seen an increase in price. From Scott’s perspective, the demand has not been impacted for one reason alone – the consumer/target audience not looking for the mass market. “They are looking for premium products,” Shah says and continues, “Only time will tell if this is sustainable or not, because a point may come where the consumer will say that he/she is not willing to pay beyond that price. Plus, global shipping rates have gone through the roof, i.e. by five times, which is huge. Scott has also increased the prices of its products in India from 1st April this year.” 

Shah goes on to mention that the government is doing all it can to cool off commodity prices. “However, I don’t think it all can be controlled by just one government measure. That’s because there are a lot of factors which are beyond our control, from the Russia-Ukraine war to the Covid situation. And this applies not just to India but the world,” he cites. 

One material is as durable as the other

On the material front, he clarifies that whether a bicycle is made of steel, alloy or carbon, the product is a durable one. What’s important is that it has to be maintained well. “The biggest difference between an alloy and a steel bike or an alloy and a carbon bike is the weight of the bicycle. Steel bicycles typically tend to be heavier than alloy bicycles and carbon bicycles tend to be lighter than alloy bicycles. One is as durable as the other,” he explains. 

Educating the customer and mechanics

With the customers’ demand and needs changing rapidly, educating them and making them aware becomes highly crucial. Scott Sports has some singular initiatives in this domain. For one, it has a customer helpline number that is not a sales helpline but simply a customer education helpline. “One can call the helpline and talk to our product specialists who will guide the customer through various factors,” Shah avers. 

Another initiative it has is ‘breakfast rides’ (conducted mainly pre-covid). “We used to conduct breakfast rides with small communities across the country, where our product specialists would address one topic,” Shah puts across and adds, “The topic could be with respect to customer education, bike maintenance, bike fit and would vary in every ride. Also, with everything sort of opening up post-covid, we will be restarting these breakfast rides.”

Scott Sports invests not just in its customers but in its mechanics as well. It runs ‘technical services’ meant for trade only and for all the mechanics. “Here, either our team would go out to a regional centre and call in the mechanics nearby or the mechanics would come to Mumbai,” Shah informs and adds, “This is something we used to do on a regular basis to sensitise the mechanics.”

Covid’s impact on business

Post the lockdown, Scott Sports has grown by 100 percent. “In that sense, it was a great year from a business perspective. However, we also realise that there is a lot of demand out there,” Shah shares. 

While it was a smooth-running chain pre-covid, each country had to be subject to its own lockdowns post-covid, as per their respective government’s measures. “So now, all our bikes come from Cambodia, but a lot of components come from Vietnam or Malaysia or Indonesia. It’s not just about putting a bicycle together – it’s about getting all the moving parts, from the tyres to tubes to suspensions, together. So, from that perspective, tying everything together from different parts of the world became a challenge for us,” Shah enlightens.

Challenges for the industry

With these challenges, we can’t remove the competition out of the equation, especially with new companies entering the market. Nonetheless, Shah claims that at the price-point and quality level where Scott Sports is, it is equivalent to a BMW or a Mercedes or an Audi today. “You can buy a product which is priced at INR 40,000 but also buy a Scott bike which is priced at INR 1 million,” he says and goes on, “The mass brands, we hear, are in over-stocked situations, which is also contributed by so many players entering the market. However, when one looks at the premium market – that we are targeting and have been historically present in – no overnight player can really come in and challenge us over there.”

However, there are other challenges to face. The Indian government’s restriction on import of tyres and tubes has impacted the bicycle owners the most, Shah believes. He asserts that there are local manufacturers for automobile tyres. However, on the bicycle front, with the level of quality required for international brands, the importers requiring such tyres are facing the biggest challenge. 

The next step

Scott Sports sold over 12,000 units during the financial year 2021-2022. Speaking of the company’s targets for the current fiscal, Shah tells us, “Our target is not more than 15,000 next year. This is essentially not a reflection of the demand but a reflection of how many bikes we can get into the country.”

Catering to every personalised requirement

The bicycle industry certainly is seeing tremendous demand and is evolving every day, especially where every consumer gets to choose a bike that suits him/her the best. This, of course, comes with its share of challenges for the industry and customers both. For a market like India, where customers can be price-sensitive and some also willing to invest in bicycles, making them aware goes a long way, catering to their every personalised requirement that they look for when purchasing a bicycle.

Continental has further strengthened its foothold in the electric mobility sector, with its original equipment tyres now featured on the 10 highest-volume electric vehicle manufacturers in the Europe, Middle East and Africa (EMEA) region for 2025. This achievement highlights the tyremaker’s strategic commitment to the expanding e-mobility market. Worldwide, the Hannover-based company supplies tyres to 17 of the 20 largest electric vehicle producers, including a mix of premium and volume brands such as BYD, Volkswagen, Stellantis, BMW, NIO, Hyundai and Renault. In the Americas, Continental currently equips eight of the top 10 manufacturers, while in the Asia Pacific region – the most dynamic market – it supplies seven of the top 10. The Chinese market remains especially fluid, with new high-volume players emerging in the rankings over the past year.

Electric vehicles impose distinct demands on tyres. Their heavier weight, due to large batteries, and the instant torque delivered during acceleration contribute to increased tyre wear. Moreover, because these vehicles operate more quietly than traditional combustion-engine cars, tyre rolling noise becomes more perceptible. Continental anticipated these challenges early, focusing on developing tyres with low rolling resistance, reduced noise and long mileage, regardless of the powertrain. The company introduced its first energy-efficient tyre line in 1993 with the ContiEcoContact, and the latest iteration, the EcoContact 7, is now available.

This new model incorporates aerodynamic enhancements, including a golf ball-inspired ‘aerodimple’ structure on the sidewalls, which minimises air turbulence and improves energy efficiency. Such features make it well-suited for both electric and conventional vehicles. Global electric vehicle sales continue to rise, with the Fraunhofer Institute for Systems and Innovation Research projecting a 23 percent increase in battery-electric vehicle sales for 2025, reaching 12.7 million units. The Asia-Pacific region, led by China, remains the dominant market with double-digit growth, while Europe follows as the second largest. North America saw registrations hold steady at 1.4 million vehicles.

Dennis Bellmund, responsible for the global original equipment business at Continental Tires, said, “The EMEA region confirms the success of our strategy. We began designing our passenger tyres for low rolling resistance, quiet rolling noise and high load capacity very early on. These properties are especially important for electric vehicles.”

Antonio Tulio Jou Inchausti has stepped into the role of Chief Executive Officer at Unique Rubber Technologies, taking charge at a pivotal moment as the company sharpens its focus on innovation, operational discipline and long-term growth in the global retreading industry. Speaking exclusively to Tyre Trends, he unfolds the forward path.

What are the first three strategic priorities you plan to redefine Unique Rubber Technologies in your first 12–18 months as CEO?

Focus will be strengthening what truly sustains the company viz-a-viz our people, culture and responsibility for the future. The safety of our teams comes first, and throughout 2026, we are implementing a robust SafeStart programme to further embed a culture of care, prevention and accountability across the organisation.

At the same time, we will continue to invest strongly in the development of our people, empowering them to deliver their best every day and reinforcing talent as a key pillar of our success. These priorities support our sustainable growth journey, honouring the legacy of the 50 years we have recently completed while preparing the company for its next phase of evolution, guided by consistency, purpose and long-term vision.

Where do you see the company under-positioned today and how do you intend to close that gap?

Unique Rubber Technologies is well positioned as one of the most relevant players in the retreading market in Latin America, holding leadership positions through its Tipler and Borex brands. Our continuously expanding dealer network delivers strong value to the market by offering products and services recognised for its high quality, reliability and outstanding mileage performance, exactly what end customers expect from our solutions.

Looking ahead, our focus is on expanding into new and complementary markets, growing alongside our existing customers while also addressing opportunities in product segments where we see room to evolve through innovation and embedded technologies in our processes.

How do modern manufacturing and retreading heritage come together in your value proposition?

We are proud to operate one of the most modern manufacturing facilities in the industry, which reinforces safety, consistency and product quality. At the same time, we remain committed to preserving and advancing the company’s legacy by promoting the efficient use of natural resources, inherent to our retreading processes, and by contributing to lower transportation costs through products that combine high mileage performance, safety and reliability.

How will you balance research and development ambition with cost discipline and time-to-market pressures?

Innovation at our company is guided by a disciplined and long-term approach. Our research and development teams continuously monitor developments not only in the domestic market but also in key international markets, ensuring we remain aligned with the most advanced product concepts, equipment and manufacturing technologies available globally.

At the same time, we consistently optimise our processes to maintain a cost structure that is well aligned with market demand, allowing us to remain competitive while accelerating time to market. Our perspective is not short-term; we regularly review our strategic planning with a five-year horizon, focusing on improvements that will translate into superior products and services over time.

How do you balance innovation with market needs to deliver consistent performance?

We firmly believe that high-quality products delivering superior mileage and performance will always earn customer preference and balancing innovation with market needs, execution discipline and sustainable results is at the core of how we continue to move forward every day.

What specific inefficiencies in operations or supply chain have you already identified and what measurable improvements should stakeholders expect?

As with any industrial operation operating at scale, there are always opportunities to improve efficiency and our focus has been on identifying areas where greater integration, predictability and agility can be achieved across operations and the supply chain.

We have already identified opportunities to optimise process flows, reduce variability and strengthen coordination with key suppliers, leveraging data, standardisation and better planning tools. These initiatives are designed to improve lead times, increase reliability and enhance overall operational efficiency without compromising quality or safety.

What measurable improvements can stakeholders expect from this strategy?

Stakeholders can expect measurable improvements in service levels, operational consistency and cost efficiency over the coming cycles as well as a more resilient supply chain capable of supporting our growth strategy. Our approach will be focused on delivering tangible results and keep building a continuous and stronger operational foundation for the future.

How will your approach to client engagement differ from the previous co-CEO model, particularly with global OEMs and strategic partners?

Approach to client engagement is built on continuity while further strengthening clarity, consistency and proximity in how we engage with our customers and partners. The company has established strong relationships over the years and my role as CEO is to enhance those connections through more direct and structured strategic dialogue, particularly with global OEMs and key strategic partners.

We will ensure closer alignment between our commercial, technical and operational teams, enabling faster decision-making and a more cohesive value proposition across markets. Beyond transactional interactions, our focus is on deepening long-term partnerships through collaboration, joint development initiatives and shared growth agendas.

With the former co-CEOs remaining active in governance bodies, how will decision-making authority be clearly defined to avoid strategic overlap or delays?

The transition to a single-CEO model is supported by a well-defined governance structure that clearly separates strategic oversight from executive decision-making. While the former co-CEOs continue to contribute through governance bodies, their role is focused on guidance, continuity and long-term perspective, rather than day-to-day management.

Executive authority and accountability are clearly defined within the leadership team, enabling agile, timely and consistent decision-making. This structure ensures strategic alignment without overlap, preserves institutional knowledge and allows us to move forward with clarity, speed and discipline, fully aligned with our long-term objectives and growth strategy.

Will future growth come from expansion, new products or deeper market penetration?

Our future growth will be driven by a balanced combination of geographic expansion, innovation in product platforms and deeper penetration in existing markets. We see significant opportunities to strengthen our presence where we already operate by expanding our portfolio, increasing customer proximity and extracting more value from established relationships.

At the same time, we will selectively pursue geographic expansion into markets that align with our capabilities and long-term strategy. Innovation remains a key enabler across all fronts, allowing us to develop new product platforms and solutions that respond to evolving customer needs and regulatory requirements. This diversified growth approach provides resilience, scalability and consistency, ensuring that the company continues to grow in a disciplined and sustainable manner.

How prepared is the company to meet stricter regulatory and ESG demands?

Sustainability is deeply embedded in our business model and operational practices, well beyond branding or positioning. Our retreading solutions inherently contribute to the efficient use of natural resources and lower environmental impact, which places us in a strong position to meet increasingly stringent regulatory and ESG requirements.

We continuously invest in safer, more efficient processes, advanced technologies and responsible sourcing to ensure compliance with evolving regulations across the markets we serve. At the same time, we work closely with customers to align our products and services with their sustainability and compliance mandates, offering solutions that combine environmental responsibility, safety, performance and economic value.

Which competitors or substitute technologies pose the biggest threat to your business model over the next five years?

Rather than focusing on individual competitors, we closely monitor broader industry dynamics and substitute technologies that could influence customer choices over the next five years.

The main competitive pressure comes from solutions that promise lower upfront costs or alternative lifecycle approaches, even if they do not always deliver the same levels of performance, safety or sustainability over time.

How does the company turn industry and regulatory shifts into competitive advantage?

Our business model is built on proven technology, high-quality products and superior mileage performance, which continue to be highly valued by customers focused on total cost of ownership and operational efficiency.

We remain attentive to technological shifts, regulatory changes and evolving mobility trends and we continuously invest in innovation, process optimisation and product development to ensure our solutions remain relevant and competitive. This proactive and disciplined approach allows us not only to mitigate potential threats but also to turn industry evolution into opportunities for differentiation and long-term growth.

How will you define success in this role?

I will define success in this role by the strength and sustainability of the organisation we continue to build. Success means a company where people feel safe, engaged and empowered, where customers recognise us as a trusted and long-term partner and where our products consistently deliver quality, reliability and performance.

It also means advancing the company’s strategic objectives with discipline, clarity and consistency while preserving the values and legacy built over the past 50 years. Ultimately, success will be reflected in the company’s ability to grow responsibly, adapt to change and create lasting value for customers, employees and all stakeholders.

Alberta Recycling Management Authority (ARMA) has announced the appointment of Vahid Rashidi as its new Vice President of Extended Producer Responsibility (EPR). The leadership addition marks a strategic step in the organisation's ongoing evolution to better serve the needs of Albertans.

Rashidi brings extensive experience and strategic vision to the role, with a strong track record in driving impactful results. His appointment underscores ARMA’s commitment to navigating complex regulatory systems and strengthening its leadership capacity. He is expected to play a pivotal role in advancing the organisation’s EPR initiatives and reinforcing its dedication to sustainability and compliance excellence.

His results-oriented approach aligns with ARMA’s mission to deliver responsible solutions for industries and communities across the province. The organisation anticipates that his leadership will accelerate progress towards its goals, inspire internal teams and help position ARMA for continued success within a shifting regulatory landscape. The appointment has been met with enthusiasm as the authority looks to build on its momentum in environmental stewardship.

After more than three decades in tyre recycling, Pliteq CEO Paul Downey argues that despite rising sustainability rhetoric, the industry’s core technologies and material flows have barely evolved. While perceptions of recycled materials have improved, real innovation, he said, has been slower, narrower and far more uneven than expected.

Paul Downey, Chief Executive Officer of Pliteq, has worked in end-of-life tyre recycling since 1990. In that time, he expected major breakthroughs in pyrolysis and tyre-to-tyre recycling. He says they never came.

“When you look at pyrolysis, that hasn’t really changed in 30 years,” Downey said in an exclusive interview with Tyre Trends. “When you look at the use of rubber back into tyres, still a very small percentage of waste tyres goes back into new tyres,” he added.

Despite more money, more participants and more attention on recycling, he describes the sector as remarkably static. These, he said, were the areas where he expected research and to unlock scale. “Frankly the needle hasn’t moved very far in all those years. I’ve only seen very, very small changes in the last 30 years,” Downey noted.

One reason is energy. “Tyres take a tremendous amount of energy to grind up. So, you still need a lot of energy. Energy challenges are going to be an ongoing issue,” he said, pointing to wider stress on energy infrastructure.

That energy intensity affects both mechanical recycling and pyrolysis, where tyres are broken into oil, gas and carbon black. While refining recovered carbon black has long been studied, Downey says progress has been limited.

“You can refine the carbon black to make it more useful by tyre companies in terms of not degrading the quality of the finished tyre,” he said, adding that this has been researched for decades without dramatic improvement.

Pyrolysis remains minor in North America with a significant share of tyres still used as tyre-derived fuel. Downey divides end-of-life tyre use roughly into thirds viz-a-viz moulded goods, tyre-derived fuel and applications such as rubber-modified asphalt, which he says has also seen limited uptake since 1990.

After university, Downey joined a company that was already working with tyre manufacturing waste with materials that could not be used in new tyres due to quality deviations.

“When you produce a tyre, about two to three percent of the materials are off-spec. These materials can’t be used to make a tyre, so that becomes waste. That waste, combined with ELTs, was processed into noise and vibration products, primarily for automotive, heavy truck, and off-the-road vehicle applications,” he explained.

“This was back in the early 1990s. The original use was non-tyre. It was mostly in the noise and vibration space for vehicles,” Downey said.

In 1998, after developing multiple patents in Canada and the United States, Downey founded his own company. Initially, the business model revolved around licensing those patents to manufacturers, largely in the US. Over time, that approach evolved. “When I formed Pliteq, I stopped doing the licensing. All of the patents are now being used by the company,” he said.

FROM PATENTS TO PLITEQ

Today, Pliteq focuses on manufacturing finished products rather than licensing technology. The company produces sound and vibration control materials, insulated floor mats and building products made from recycled ELT rubber. Its applications range from isolating vibration caused by subway and railway lines to managing noise and vibration from HVAC systems, pumps, compressors and mechanical rooms in buildings.

“We’re looking at all the places in or around a building under construction where rubber could be used,” Downey explained.

Asked what has changed in the tyre recycling industry over the last 30 to 35 years, Downey’s answer is candid. “Remarkably, little has changed,” he quipped.

While markets for recycled tyres have expanded, the underlying technologies and material flows remain largely the same. Pyrolysis, often cited as a future solution for ELTs, has not progressed as dramatically as expected. “That hasn’t really changed tremendously in 30 years,” Downey noted.

Similarly, efforts to put recycled rubber back into new tyres have seen limited success. “There have been some efforts by major tyre companies but still a very, very small percentage of waste tyres goes back into new tyres. Those were areas where I thought there was a lot of potential for research, but the needle hasn’t moved very far,” he said.

Where the industry has evolved more meaningfully is in moulded goods. “That’s where we’ve seen the most development,” Downey said, pointing to sound and vibration products, underlayments and recycled rubber flooring used in schools, hospitals, gyms and fitness facilities. In North America, he estimates that moulded goods account for roughly one-third of ELT usage.

Another third of ELTs is used as tyre-derived fuel, while the remainder goes into applications such as rubber-modified asphalt, an area Downey says existed in 1990 and has not seen significant market uptake despite ongoing research.

CHANGING PERCEPTIONS

One of the most significant shifts Downey has witnessed is not technological but cultural. “When I started, recycling was a bad word. People didn’t want to buy recycled products because they thought it was garbage,” he said.

That perception has changed substantially. Today, architects, builders and developers show strong interest in sustainable materials, particularly in construction. While Downey does not attribute this shift directly to regulation, he acknowledges a broader market preference for sustainability.

“Now people don’t view recycling as inferior. That attitude has definitely changed over the last 30 years,” he said.

Moreover, public scrutiny around recycled rubber has intensified in recent years, particularly regarding the use of crumb rubber in athletic fields. Downey addressed these concerns directly, referencing studies he has reviewed.

“I haven’t seen any research that shows a correlation between crumb rubber and health issues. The Synthetic Turf Council conducted a multi-year study that showed exactly the opposite,” he said.

In Downey’s view, the primary concern around crumb rubber is environmental rather than medical. “It’s a powder. Potentially, it can wash away into the water supply,” he said.

Pliteq, however, is not active in the turf infill market. “We don’t sell crumb into athletic fields. We strictly manufacture moulded goods for sound control, vibration isolation, flooring and building products,” Downey clarifies.

SCALE AND FOOTPRINT

Pliteq operates offices in seven countries and sells into approximately 50 markets worldwide. Its main manufacturing facility is located in Canada, supported by two smaller plants in United States. Collectively, these facilities produce about 44,000 metric tonnes of finished products annually.

To achieve this output, Pliteq consumes roughly 60,000 metric tonnes of ELTs. “We don’t use the steel or textile,” Downey explained, referring to the components removed during tyre processing.

The company sources tyres primarily from North America, tapping into a collection network that has been established over the past three decades. ELTs are categorised into three distinct groups viz-a-viz passenger and light truck tyres, heavy truck tyres and mining or off-the-road tyres, each with different rubber compositions and properties.

“We keep those three categories separate. The amount and type of rubber are quite distinct,” Downey said.

Pliteq’s patents focus on application and use rather than core processing technologies. Beyond patents, the company relies heavily on proprietary know-how. “We have a number of trade secret processes that we don’t disclose,” Downey said.

These include particle selection, tyre source selection, screening, cleaning, formulation, mixing and moulding. “We do things in a way that nobody else in the world is doing. That allows us to achieve certain quality levels, surface finishes and performance characteristics that aren’t generally available,” he says.

Quality control is embedded throughout the manufacturing process. Downey estimated that each product passes through around seven distinct quality checks, supported by machine operators, automated systems and visual inspections. Any waste generated during production is reprocessed and reused, reinforcing a closed-loop manufacturing approach.

Pliteq operates a hybrid business model. Technology development, product design and manufacturing are largely centralised, while sales, warehousing and distribution are managed regionally. This structure allows the company to adapt products to local market needs.

“Some markets have very distinct requirements. What’s needed in UK might not be required in Singapore, Australia or US,” Downey said.

THE ROAD AHEAD

Looking forward, Downey sees gradual rather than dramatic change. Energy consumption remains a major challenge as tyre grinding is energy-intensive. Broader issues such as energy infrastructure strain and shifting global trade patterns also weigh on the industry.

Despite these challenges, Pliteq continues to reinvest its earnings back into the business. “We’re on a growth curve. We reinvest all the money back into the company and into the markets,” Downey said.

The company is currently operating at around 80 percent capacity, a level Downey stated is close to optimal. Expansion will focus first on strengthening existing teams across its seven offices before opening new locations.

“We’ve built the manufacturing model so it can scale as demand grows. But we only put new facilities where the market can sustain them,” he said.

After more than three decades in the ELT space, Downey remains pragmatic. The industry may not have transformed as dramatically as once hoped, but in moulded products and building applications, Pliteq continues to carve out a space where recycled tyres deliver measurable performance and growing acceptance in the built environment.