AKRON—Jacob Peled has been lecturing on the importance of sustainability in the tire and rubber industry for four decades, and for a long time, it seems, few accepted what he had to say.
But the founder and executive chairman of Israel-based machinery and services firm Pelmar Engineering Ltd., said that's starting to change, and not necessarily because recycling and pursuing more sustainable solutions is the right thing to do.
"I think it is changing now because sustainability is not something you have to do in order to maintain the cleanliness of our world. It is something that you do now because it increases your profits," Peled said in an address May 14 during the International Tire Exhibition & Conference in Akron.
That trend, he said, started in Europe about 20 years ago, when Pirelli began looking at sustainability as a means to bolstering its bottom line.
"Anything to do with recycling is really sustainability," Peled said. "You have to understand that without it, this world will eventually be destroyed. If we do not learn how to recycle and reuse what we use, the world just doesn't have enough resources to sustain it."