Investor Presentaiton
B.
1.
d)
e)
Increased rain water recovery to optimize the sourcing
water requirement.
Undertaking of sustainability and net zero carbon
initiatives to achieve targets.
TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATIONS
Efforts made towards technology absorption, adaptation and
innovation:
a. Joint R&D with Indian and foreign universities and research
institutes:
b.
C.
Our company has a robust in-house R&D for technology and
product excellence. However, towards continued excellence
in the ever-evolving tyre technology, we work on R&D
projects with Institutions of Eminence in India and abroad.
The projects cover a broad range of comprehensive scientific
understanding of the interfaces in tyres, materials and design
parameters on noise-vibration-harshness (NVH), exploration
of new-and sustainable (bio-derived) materials, and nano-
and nanostructured materials with the overall stated aim of
the company to continuously advance green and sustainable
tyre technologies. The joint R&D programs result in PhDs,
international publications and patents.
New product and material development, elimination of
hazardous materials, etc.:
To improve sustainability of products, our company is working
on the multipronged 4R strategy, that is reduce (reduction in
CO2 emission by low RR tyres) - recycle (usage of recycled
materials from end-of-life tyres as raw materials for new tyres)
- reuse (by making multiple re-treadable tyres and doing
the retreading process by itself) and renewable (critical raw
materials with lower carbon footprint from environmentally
sustainable sources such as biomass, waste, etc.).
Towards import substitution, we have initiated joint
development programs for raw materials such as sulphur,
resource-formaldehyde resin, accelerators, antioxidants, butyl
rubber, halo butyl rubber, microcrystalline wax, super tackifier
resin, etc. with domestic suppliers.
Key product developments:
Our company has adopted sustainability as an integral part
of our business policy. We have improved the share of
2.
3.
4.
sustainable raw materials in all our tyres. To meet the emission
norms under R117 and AIS 142 standards, we developed
several low RR tyres which were approved by Indian and
global passenger car OEMs. Similar activities are underway in
tyres for commercial vehicles as well. Our company is in the
process of adopting sustainability goals and targets in-line with
the net-zero target of Govt. of India, Paris Climate Change
Agreement and COP resolutions.
Benefits derived as a result of the above efforts:
The in-house and joint R&D programs resulted in knowledge and
confidential information to maintain technological superiority in
the market. Development of low rolling resistance tyres with an
increased share of renewable materials resulted in more sustainable
tyres. Efforts towards import substitution of raw materials such as
resins, rubber, accelerators, antioxidants, wax, process aids, etc.
resulted in cost-saving as well as a positive direction towards the
Atmanirbhar Bharat initiative of the Govt. of India.
Details of imported technology (imported during last 3 years
reckoned from the beginning of the financial year).
No technology was imported during the last 3 years and MRF is self
reliant with regard to tyre technology for several decades.
(Crores)
2022-2023
25.15
109.92
Expenditure incurred on Research and Development:
R & D Expenses
(a)
Capital
(b)
Recurring
C.
FOREIGN EXCHANGE EARNINGS & OUTGO
(Crores)
2022-2023
1763.33
5117.88
Foreign Exchange Earnings
Foreign Exchange Outgo
Chennai
03rd May, 2023
On behalf of the Board of Directors
KM MAMMEN
Chairman & Managing Director
DIN: 00020202
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