The U.S. Tire Manufacturers Association (USTMA) and its member companies have thrown their full support behind H.R.3401, a bill aimed at strengthening the American tyre retreading industry. The legislation, reintroduced by U.S. Representatives Darin LaHood (R-IL) and Emilia Strong Sykes (D-OH), proposes tax credits for fleet purchasers of American-made retreaded commercial tyres, with the goal of bolstering domestic manufacturing, creating jobs and promoting sustainable tyre solutions.

Anne Forristall Luke, President and CEO of USTMA, said, "Approximately 15 million tyres are retreaded annually in the U.S., including nearly 44 percent of commercial truck tyres in the U.S. and Canada. By providing tax credits to fleet purchasers who buy American-made retreaded commercial tyres, we have a critical opportunity to support domestic manufacturing and strengthen our national economy. This legislation is about more than just tyres – it's about investing in American workers and promoting a sustainable and innovative manufacturing sector."

Tyre retreading is highlighted as a vital component of American remanufacturing, currently employing over 51,000 workers and supporting more than 268,000 jobs across the broader U.S. tyre industry. Retreaded tyres are characterised as a nearly 100 percent domestically produced product, primarily manufactured by small, independent businesses that typically employ between 10 and 60 individuals.

Despite its significance, the American tyre retreading sector has faced a substantial decline, with the number of facilities shrinking from over 3,000 in 1982 to just 500 at present. This decline is attributed, in part, to an increase in imports of foreign new tyres, about 65 percent of which are less likely to be retreaded due to their design and construction. This trend not only undermines efforts to build robust tyre recycling programs but also accelerates the decline of U.S. retreading facilities.

H.R.3401 seeks to revitalise the U.S. retreading industry by making fleet purchases of retreaded commercial tyres more financially appealing. This measure is expected to create high-quality manufacturing jobs, enhance supply chain resilience and bolster local economies.

Furthermore, retreading aligns seamlessly with the U.S. tyre manufacturing industry’s commitment to a circular tyre economy, aiming to reduce waste and minimise the environmental impact of commercial trucking. Compared to new tyres, retreaded tyres demand significantly fewer natural resources, contributing to lower carbon emissions and energy conservation. Specifically, retreaded tyres:

• Use 15 gallons less oil and 90 lbs. less material per tyre.
• Save 215 million gallons of oil annually in the U.S. and Canada.
• Reduce CO2 emissions by 24 percent.
• Reduce water consumption by 19 percent.
• Reduce air pollution by 21 percent.
• Keep 1.4 billion pounds of waste out of landfills each year.

"The retreading industry has long been a leader in sustainable manufacturing, but the sharp decline in domestic retreading facilities highlights the need for policy solutions that support this critical sector. We applaud Reps. LaHood and Sykes for their leadership in reintroducing this bill and ensuring that American-made retreaded tyres remain a key pillar of our economy and environment," concluded Luke.

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The Indian Rubber Institute (IRI) has confirmed Vijay K Misra as its new Chairman following a formal election. With a distinguished career spanning nearly 50 years in the tyre and rubber sector, Misra possesses extensive expertise in technology, product development, international collaborations and major greenfield projects.

His deep industry connections and proven leadership are anticipated to steer the IRI through its next period of growth and enhanced impact. The Institute also formally acknowledged Misra's pivotal role in founding the Dr D Banerjee Centre of Excellence in Mysuru, a premier hub for advanced training and industry-academia synergy.

Concurrently, sincere appreciation was extended to outgoing Chairman Dr R Mukhopadhyay for his valuable guidance, as he continues to support the Institute in the role of Chairman Emeritus.

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Sumitomo Rubber Industries, Ltd. has announced that its Board of Directors has approved a forthcoming change to its representative leadership at a meeting on 25 December 2025, pending formal ratification at the Annual General Meeting of Shareholders scheduled for 26 March 2026.

The shift is part of a planned reorganisation of the company’s management framework effective from that date. Under the new structure, current Director and Senior Executive Officer Yasuaki Kuniyasu is slated to be appointed as the new Representative Director, President and CEO. Concurrently, the present President and CEO, Satoru Yamamoto, is expected to transition to the role of Representative Director and Chairperson of the Board.

Yasuaki Kuniyasu, aged 56, began his career with the company in April 1992. His tenure includes significant leadership roles, such as General Manager of the Tyre Technology Headquarters and, from January 2023, General Manager of the Corporate Management Planning & Administration Department. He has served as a Director and Senior Executive Officer since March 2023 and held 8,400 shares in the company as of 30 June 2025.

This planned succession aims to establish a renewed executive team to guide the company forward under its new governance model.

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Hankook Tire has secured a top-tier ‘A’ rating from the Carbon Disclosure Project (CDP) in Climate Change category for the second year in a row, affirming its status as a global leader in environmental stewardship. The CDP assessment is among the world’s most authoritative benchmarks for corporate sustainability, evaluating governance, emissions reduction and transparency. Hankook’s achievement reflects its comprehensive approach to managing climate impacts throughout its entire value chain, from raw materials to end-of-life tyre management.

This recognition is underpinned by a robust, long-term strategy targeting net-zero emissions by 2050. In 2023, the company’s near-term 2030 goals and its 2050 net-zero ambition were formally validated by the Science Based Targets initiative (SBTi). Governance is central to this progress, with a dedicated Board-level Climate Change Committee ensuring climate risks and opportunities are integrated into core business decisions and that reduction progress is meticulously tracked and disclosed.

Operationally, Hankook is transforming its global production towards sustainable systems. It pioneered the International Sustainability & Carbon Certification (ISCC) PLUS in the tyre industry at its Geumsan Plant in 2021, a milestone since extended to facilities in Hungary and Daejeon. This establishes a certified framework for manufacturing sustainable tyres across consumer, original equipment and motorsport segments.

Complementing these efforts, Hankook is driving material innovation through strategic partnerships. The company is collaborating with firms like ROTOBOOST and Solvay to develop next-generation, low-carbon materials such as turquoise hydrogen-based carbon black and circular silica. It is also engaging in national research consortia to scale promising carbon reduction technologies. These initiatives are part of Hankook’s broader circular economy vision, branded E.Circle, which focuses on reducing fossil fuel dependence, conserving natural resources and systematically cutting carbon emissions.

Hankook’s leadership has garnered significant external validation. It earned the highest environmental accreditation from the Fédération Internationale de l’Automobile and was named one of the World’s Most Sustainable Companies of 2024 by TIME and Statista. Together, these accomplishments demonstrate how Hankook Tire is embedding sustainability into its corporate identity to build long-term value and industry-wide resilience.

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ULTIMATE GREEN XT tyre has won two awards at the Awards, receiving Sustainable Product of the Year and being Highly Commended in the Innovative Product of the Year category.

The awards were presented last week in Dubai and add to earlier recognition for the product, which received the Best Innovation in Sustainability award at in Chicago earlier this year.

The Sustainable Product of the Year and Innovative Product of the Year categories recognise products that demonstrate environmental responsibility and technological innovation in the global automotive and mobility industry. The judges cited the tyre’s use of environmentally friendly materials and its reduced environmental impact.

The ULTIMATE GREEN XT, identified by its green colour, has been developed with a focus on sustainability while maintaining performance, durability and safety standards. The Sustainable Product of the Year award reflects its contribution to more sustainable mobility solutions, while the innovation commendation highlights its design and engineering approach.

Automechanika Dubai is the largest international trade fair for the automotive aftermarket across the Middle East, Africa and South Asia, bringing together manufacturers, suppliers and industry leaders. Recognition at the event underlines the international profile of the ULTIMATE GREEN XT following its earlier award in the United States.

Barry Guildford, global commercial director of GRI Tires, said, “This recognition at Automechanika Dubai is a proud milestone for GRI. The ULTIMATE GREEN XT reflects our vision of delivering innovative tire solutions that support sustainability while meeting the evolving needs of our customers worldwide.”

GRI said it would continue to invest in research and development aimed at advancing sustainable tyre technologies, following the continued recognition of the ULTIMATE GREEN XT in international markets.

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