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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Demonstrating its advanced SUV tyre technology to North American customers, Hankook Tire took part in the prestigious King of the Hammers off-road race in California’s Johnson Valley on 6 February. This gruelling event, which challenges drivers across desert, rock and mud, is a major North American motorsport spectacle, annually drawing over 500 teams, 80,000 spectators and millions of online viewers.

For the competition, Hankook equipped the vehicles of drivers Joel Dulac, Justin Dulac and Jacob Pacheco with its extreme-terrain Dynapro MT2 tyre. This model is engineered to provide exceptional traction, grip and durability on severe off-road surfaces. Its specialised tread pattern enhances performance on mud and gravel, while a robust V-shaped sidewall design offers protection against sharp rocks and obstacles. The tread block design also ensures stable control and comfort across both on- and off-road environments.

The Dynapro series represents SUV tire technology already validated in major North American motorsports. At last year's King of the Hammers, drivers Dulac and Pacheco achieved outstanding results using the Dynapro MT2, and at the 2024 Antigo Off-Road National, Michael Funk earned a podium finish with Dynapro tyres. Beyond performance, the tyre’s innovative design has been globally recognised, winning a Red Dot Design Award in 2020.

Hankook Tire is actively strengthening its North American market presence through innovation and its premium unified brand. Beyond sponsoring teams at events like King of the Hammers, the company engages customers at major automotive exhibitions such as the SEMA Show and Overland Expo. It further amplifies its technology-driven brand image through partnerships in sports and entertainment, including its role as an Official Tire Partner and Founding Partner of the US-based Tomorrow Golf League (TGL) presented by SoFi.

Looking forward, Hankook intends to solidify its global market leadership by leveraging performance data from its involvement in over 70 motorsports events worldwide, such as the ABB FIA Formula E World Championship and the FIA World Rally Championship. This strategic use of real-world racing insights will advance the development of its core ultra-high-performance tire technologies.

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Linglong Tire hosted its second Chinese fan event with Chelsea Football Club early this year in Chongqing, reinforcing its role as the club’s global tyre partner. The gathering attracted a wide range of guests, partners and media, who joined Chelsea icon Gianfranco Zola for an engaging experience. Located in central China, roughly 1,500 kilometres west of Shanghai, Chongqing is a dynamic metropolis of 32 million people and a vital commercial hub, reflecting the progressive spirit both Linglong Tire and Chelsea embody.

Linglong Tire’s Vice President, Guo Kuntao, inaugurated the event by reviewing key milestones of the partnership, established in 2024. He emphasised the natural alignment between the two brands, noting shared commitments to innovation, excellence and high-quality standards. Attendees then enjoyed various interactive opportunities, such as taking digital photos with virtual backgrounds featuring Chelsea stars and Stamford Bridge, collecting autographs from Zola and participating in digital football matches. Throughout the event, Linglong highlighted its newest tyre products, underscoring that safety and quality remain central to its development philosophy.

The celebration culminated in a public viewing of Chelsea’s Premier League match against Brentford, where fans united in song and cheered the team’s comfortable 2-0 home victory. By organising ‘The Famous CFC’ event in Chongqing, Linglong Tire not only showcased its international brand strength but also deepened its influence in the Chinese market, creating lasting impressions among fans and potential customers. Moving forward, the company plans to expand such activations to additional cities across China, further energizing its sports marketing initiatives and supporting the growth of football culture nationwide.

Zola said, "It is an honour for me to represent Chelsea Football Club at the Linglong Tire event today. This collaboration reflects Chelsea's commitment to fans worldwide, particularly in strengthening relationships with the passionate fan community in China. Many thanks to Linglong Tire for supporting the club. I hope everyone has a wonderful time in Chongqing."

Kuntao said, "We take this opportunity to sincerely thank the fans for their love for Chelsea and their trust in Linglong Tire. In the future, we will continue our efforts to strengthen the passion and joy of football through further events."

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Nokian Tyres has launched its ‘Carve the Corners’ contest, offering hockey fans in United States and Canada a chance to win a trip to the 2026 IIHF Ice Hockey World Championship. The promotion runs from 6 February to 20 March. Entrants can visit a dedicated page on the company’s website for their opportunity to win an all-expenses-paid experience. This includes airfare, lodging and tickets to the semifinal games in Zurich, Switzerland, on 30 May. One winner will be randomly selected from each country, each receiving a trip for themselves and a guest.

The tournament itself, for which Nokian Tyres is an Official Sponsor for a two-year period, takes place from 15 to 31 May. It is the world’s largest annual winter sports event, featuring 64 games where 16 top national teams compete for the World Champion title, captivating millions of viewers. Beyond the grand prize, the contest page allows participants to predict the tournament’s overall winner and leading scorer, and also provides information on Nokian Tyres products.

The company is promoting the campaign extensively. Efforts include social media outreach on platforms like Facebook, Instagram, TikTok and Threads, where followers can find competition updates, driving tips and hockey-related content. Nokian Tyres is also working with its network of tyre dealers and hockey media across both countries to raise awareness. This broader campaign involves dealer showrooms, podcast discussions and various grassroots channels. Additionally, a separate contest is available exclusively for tyre dealers, offering them a chance to win tickets to the championship, promoted through the company’s dedicated dealer communications.

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MRF Limited reported a 15 per cent rise in consolidated total income for the third quarter ended 31 December 2025, supported by stronger demand across original equipment and replacement segments.

Total income rose to INR 81.75bn, compared with INR 70.99bn in the corresponding quarter a year earlier. Consolidated profit before tax increased to INR 9.17bn, up from INR 4.24bn a year earlier, after providing for an exceptional item of INR 0.77bn related to the new Labour Code.

Provision for tax during the quarter stood at INR 2.25bn. Consolidated net profit more than doubled to INR 6.92bn, compared with INR 3.15bn in the corresponding quarter of the previous year.

The company said both original equipment and replacement sales were robust during the quarter, aided by higher demand following the reduction in goods and services tax rates. Rural demand also improved, supported by good and widespread monsoons.

MRF said demand momentum from lower GST rates was expected to continue into the fourth quarter. Original equipment manufacturers were also expected to raise production levels, driven by higher anticipated sales and lower channel inventories.

The company said increased government spending on infrastructure, announced in the Union Budget, was positive for commercial vehicles and, in turn, the tyre industry. It also noted that trade agreements under discussion with several countries, including the European Union and the United States, could create export opportunities in the future.

The board of directors declared a second interim dividend of INR 3 per share, representing 30 per cent on the face value of INR 10, for the financial year ending 31 March 2026.

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