OCTOBER 202319diversified setup allows SPR to cater effectively to evolving customer needs. The plant's finishing section is equipped to deliver its products in different physical forms, such as liquids, flakes, pastilles, or free-flowing powder. SPR's packaging facility operates in a tightly controlled environment, which is crucial for moisture-sensitive products like Resorcinol Formaldehyde resins, allowing the company to safeguard product integrity and maintain their quality over time.The team at SPR, drawn from companies like GE Plastics, Motorola, and more, is a powerhouse of diverse expertise, boasting decades of experience in introducing new products and solving customer problems. The team members bring a wealth of knowledge and skills to the table, particularly in the field of Polymers, Product development, and Six Sigma methodologies. The team's focus on client engagement highlights opportunities for customized product development, with sustained customer feedback driving the successful commercialization of specialty products. Advanced development tools and robust process design ensures that the products meet the highest standards and that the processes are efficient and reliable. The Way AheadSPR has been actively responding to the evolving needs of customers in an increasingly sustainability-focused market. The emergence of electric vehicles, and tire labeling regulations, point to the ongoing efforts towards reducing the environmental impact of the transportation industry. Resins have a significant role to play in meeting the challenges imposed by tire labeling regulations. SPR's novel products, designed to meet these industry demands, are rapidly undergoing commercialization.Sustainable tire development focuses on sourcing an ever-increasing percentage of raw materials from sustainable sources- whether recycled products or bio-origin feedstock. While the organization has been striving to provide sustainable solutions all along, the current industry emphasis on sustainability has created a greater demand for environmentally friendly products. SPR has placed a strong focus on the development of 'green' resins that reduce worker exposure without compromising product performance. This commitment has led to the successful introduction of various products in both the tire and non-tire segments. Several initiatives have been undertaken for reducing the carbon footprint of the resin manufacturing and supply chain. SPR is increasing its contribution from bio-renewable content in the upstream supply chain in novel ways, utilizing up to 50 percent renewable sources for their raw material.The United Nations Sustainable Development Goals (SDGs) comprising 17 global objectives was designed to address the world's most pressing challenges and create a more sustainable and equitable future for all. The SDGs provide a comprehensive framework to guide global efforts towards a more inclusive, sustainable, and prosperous future, where no one is left behind by addressing social, economic, and environmental dimensions. Recently, SPR has launched an initiative to align with several of the UN SDGs. Renewable energy and clean burning fuels are being used for the last few years, and SPR strives to increase the share of clean energy in its operations. Zero liquid discharge and rain-water harvesting are initiatives for ensuring a clean and sustainable water supply. Indigenization and localization of raw materials aim to reduce the carbon footprint through the elimination of a transportation-intensive supply chain. Through continuous innovation, the SPR organization aims to address the new challenges brought about by the emergence of electric vehicles. Creating products that will support the industry's push towards e-mobility, SPR recognizes the importance of incorporating sustainability and environmentally friendly practices in its operations. As the rubber industry continues to evolve, SPR remains committed to being at the forefront of innovation, meeting the changing demands of customers, and contributing to a more sustainable future.
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