Speciality materials company Trinseo reported a third-quarter net loss of USD 87 million, driven largely by restructuring and other charges totalling USD 26 million. 

This follows recently announced restructuring efforts aimed at streamlining operations. The company posted an adjusted EBITDA of USD 66 million, marking a USD 25 million increase year-over-year.

Despite a one percent year-over-year decline in net sales to USD 868 million, the company attributed an eight percent decrease in sales to intentional reductions in low-margin areas like polystyrene and latex binders. However, a seven percent increase from higher raw material prices partially offset this decline.

Commenting on the company’s third-quarter performance, President and Chief Executive Officer of Trinseo, Frank Bozich said, “As expected, market conditions and Adjusted EBITDA were sequentially similar to the prior quarter. Despite continued weak demand in many of our end markets, particularly building and construction and appliances, we saw significant year-over-year profitability improvement largely as a result of our restructuring actions and continued moderation of European input costs.”

Third Quarter Performance by Segment

Engineered Materials: The segment posted a 12 percent rise in net sales, reaching USD 207 million, driven by increased sales volume in consumer electronics and medical applications. Adjusted EBITDA for the segment rose by USD 20 million to USD 25 million, benefiting from improved margins and a favourable product mix.

 Latex Binders: Net sales increased eight percent to USD 242 million, primarily due to higher prices that offset a drop in sales volume for paper and carpet applications. Adjusted EBITDA increased by USD 8 million to USD 26 million, reflecting improved margins and a positive regional and product mix.

Plastics Solutions: Net sales rose three percent year-over-year to USD 268 million, driven by higher raw material costs. Adjusted EBITDA climbed USD 11 million to USD 28 million, aided by higher fixed cost absorption and inventory builds in preparation for the closure of the virgin polycarbonate facility in Stade, Germany.

Polystyrene: This segment saw a 28 percent year-over-year decline in net sales to USD 151 million, impacted by a 35 percent decrease in volume after the closure of the Terneuzen, Netherlands, facility and a reduction in low-margin sales. Adjusted EBITDA rose by USD 5 million to USD 4 million due to higher margins and cost savings from the Terneuzen facility exit.

Fourth Quarter Outlook

Trinseo projects a net loss of between USD 71 million and USD 81 million in the fourth quarter, with adjusted EBITDA expected to range from USD 40 million to USD 50 million. Bozich noted that while fourth-quarter EBITDA is anticipated to dip from year-end seasonality, restructuring benefits should sustain profitability above prior-year levels. The company also expects positive free cash flow due to seasonal working capital improvements.

Commenting on the fourth quarter outlook, Bozich said, “We expect Adjusted EBITDA to be sequentially lower from year-end seasonality, but still higher than the prior year due to the benefits from our restructuring initiatives. We also expect free cash flow to turn positive in the fourth quarter due to typical seasonal working capital improvements.”

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The Tire Industry Association (TIA) has officially opened voting for its 2025–2026 Board of Directors election, with five seats available – four carrying a standard three-year term and one two-year term to fill a vacancy. Nine candidates, including two current board members, are vying for these positions.

The nominees include industry leaders from across the tyre sector: Stephen Callahan of Liberty Tire Recycling (Pittsburgh, PA); Jeff Campbell from Tire Discounters Inc. (Cincinnati, OH); John Evankovich representing Sam’s Club Tire and Battery Centers (Bentonville, AR); Darrel Jackson of Big O Tires (Kernersville, NC); Michael Jacobsen from Purcell Tire Company (Potosi, MO); Al Klinge of Klinge Group (Sherwood, Australia); Brian Laughlin with Technical Rubber Company (Johnstown, OH); Seth Murphree from Travel Centers of America (Anderson, SC) and Jason Rook of Independent Tire Dealers Group (Wimberley, TX).

All TIA members in good standing are eligible to vote either by mail-in ballot or online at the association’s election portal. The voting period runs from 9 July through 1 September 2025, with election materials distributed to primary contacts at qualifying member companies.

Results will be announced in mid-September, and the newly elected directors will be formally installed during TIA’s Annual Membership Meeting on 3 November 2025, in Las Vegas, held in conjunction with the Global Tire Expo/SEMA Show. This election marks a key opportunity for members to shape the association’s leadership and strategic direction for the coming years.

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As the transportation sector accelerates its shift towards electrification, Maxion Wheels is spearheading the development of specialised wheel technologies to address the distinct requirements of battery-electric trucks. The company's deep engineering expertise and innovative approach position it as a leader in creating solutions that meet the evolving demands of electric mobility.

Electric trucks present unique technical challenges due to their substantial battery weight, which can add 2-3 tonnes compared to conventional diesel vehicles. Proposed European regulations allowing increased gross vehicle weights for zero-emission trucks further intensify the demands on wheel systems. The instant torque characteristics of electric drivetrains, often delivering 2-3 times more torque than traditional engines, combined with the stresses of regenerative braking, create unprecedented loads. These factors can increase front axle loads by up to 500 kg per wheel, necessitating stronger yet lightweight wheel designs.

Maxion addresses these challenges through material science innovation, employing micro-alloyed high-strength steels with yield strengths exceeding 550 MPa – approximately 20 percent stronger than standard wheel steels. The company's proprietary Lightweighting Process integrates advanced engineering techniques including topology optimisation algorithms that simulate natural growth patterns, finite element analysis of over 5,000 load scenarios and precision forming methods that enhance material properties.

The company's substantial investments in high-performance computing have revolutionised its development capabilities. These powerful systems enable evaluation of more than 15,000 design iterations during development cycles, sophisticated multi-physics simulations combining mechanical, thermal and fatigue analysis and digital twin validation that has reduced physical prototyping requirements by 40 percent.

Current production solutions include certified 22.5-inch steel wheels with exceptional 4,250 kg load capacity, weight-optimised designs saving approximately 50 kg per axle compared to conventional wheels, and customized variants tailored to different battery configurations. Looking ahead, with market analysts projecting electric trucks will capture 25 percent of the commercial vehicle market by 2030, Maxion is actively developing next-generation solutions including aluminium hybrid wheels for premium applications, advanced composite materials for lightweight designs and enhanced testing protocols for extreme fast-charging thermal conditions.

Ralf Duning, Vice President of Global Engineering at Maxion Wheels, said, “At Maxion Wheels, we are committed to leading the charge in e-mobility by developing lightweight wheel solutions that meet the unique demands of battery-electric trucks. Our latest designs not only enhance payload capacity but also ensure that our customers can transition to sustainable transport without compromising on performance or durability.”

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As the Bundestag concludes its final session before summer recess, Germany's rubber industry is pressing the federal government to accelerate promised regulatory reforms. Michael Klein, president of the German Rubber Industry Association (wdk), highlighted the stalled abolition of the Supply Chain Due Diligence Act as a key example of delayed action.

Klein emphasised that the coalition agreement between the CDU/CSU and SPD explicitly committed to repealing the German Supply Chain Act. He described this as a straightforward opportunity to reduce bureaucratic burdens, where minimal government effort would yield significant economic benefits. The industry leader noted that while Chancellor Friedrich Merz's administration initially earned praise for its pro-business stance, companies now urgently need tangible relief measures.

The wdk president specifically called for eliminating excessive reporting requirements, arguing that suspending supply chain obligations would provide immediate relief without complex implementation. Klein cautioned against bureaucratic expansion, stressing that creating new ministries like the Digital Ministry shouldn't come at the cost of increasing red tape that later requires reduction.

The association maintains that swift action on these reforms would send a crucial positive signal to businesses facing regulatory pressures. With the summer legislative pause approaching, the rubber industry seeks concrete progress on these long-promised measures to support Germany's industrial competitiveness.

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Pirelli has launched a groundbreaking production tyre containing over 70 percent bio-based and recycled materials, setting a new industry benchmark for sustainability. This innovative P Zero tyre features FSC-certified natural rubber, ensuring responsible sourcing from plantations to manufacturing. By 2026, all-natural rubber used in Pirelli's European plants will meet this rigorous certification standard. Initially available for select Range Rover models on 22-inch wheels, this development supports Jaguar Land Rover's (JLR) commitment to sustainable luxury vehicles.

The tyre bears dual certification: the FSC mark for responsibly sourced rubber and Pirelli's proprietary logo for tyres exceeding 50 percent eco-friendly content, verified by Bureau Veritas. Achieving ultra-high performance while incorporating sustainable materials presented significant R&D challenges. Key innovations include recycled steel from scrap metal, silica derived from rice husk waste for wet-weather grip and circular carbon black produced from end-of-life tyres through pyrolysis. The compound also utilises bio-based polymers from repurposed cooking oil and plant-derived resins that enhance dry/wet performance balance.

As Pirelli's flagship innovation platform, the P Zero line continues its tradition of technological leadership. This launch builds on Pirelli's 2021 milestone of creating the first FSC-certified tyre and strengthens its partnership with JLR, which in 2024 became the first automaker to use tyres with 100 percent FSC-certified rubber. The new P Zero serves as both a production tyre and a testbed for future material advancements, with plans to progressively increase sustainable content. This achievement underscores Pirelli's dual commitment to performance excellence and environmental responsibility in tyre manufacturing.

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