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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Alliance, a leading global brand of agricultural and off-highway tyres, introduced the Agri Star II Row Crop tyre, a significant new product extending its proven technology into the specialised row crop segment, at the Agritechnica 2025 show. This launch represents a strategic expansion of the successful Agri Star II series, which has achieved remarkable commercial success with one million units sold since its 2020 debut. Building on this momentum and driven by farmer feedback, the company has adapted its core Stratified Layer Technology (SLT) for the specific demands of row crop equipment, such as sprayers.

The new tyre is engineered as a comprehensive solution for the high-speed, multi-terrain nature of contemporary farming. It is designed for reliable performance both on the road and in the field, offering enhanced traction, greater longevity and improved road handling, all supported by a 7-year warranty. Central to its performance is the proprietary Stratified Layer Technology, which constructs each lug with two distinct layers to maintain consistent performance throughout the tyre's life. This design not only boosts braking and roadability but also helps protect crops by minimising soil compaction.

Further ensuring durability, the tyre features a robust build with integrated stubble guards and advanced, wear-resistant compounds to defend against common hazards like cuts and cracks. Its enhanced speed rating of up to 70 kmph meets the demands of modern, efficient farm logistics. To provide a tailored fit for a wide array of machinery, the Agri Star II Row Crop will be available in a comprehensive selection of sizes, ranging from 24 to 54 inches.

This product introduction reinforces Alliance’s ‘Always By Your Side’ brand philosophy and its 70-year legacy of agricultural innovation. By delivering a customised solution for the row crop category, the company aims to solidify its market position and continue addressing the evolving challenges faced by farmers worldwide.

Angelo Noronha, President & CEO, Yokohama-ATG, said, “At Alliance, we take pride in our ability to adapt and innovate based on customer feedback. The Agri Star II Row Crop tyre is a testament to our commitment to empowering farmers with solutions that address their specific challenges. By bringing our proven SLT technology to the row crop segment, we aim to set new standards for performance and reliability in this category.”

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The valedictory function for Vigilance Awareness Week 2025 at the Rubber Board served as a significant culmination to the week-long campaign, held from 27 October to 2 November. The event, which aligned with the Central Vigilance Commission's directives, aimed to champion integrity and galvanise a collective stand against corruption in public life.

Presiding over the ceremony, the Honourable Principal District and Sessions Judge for Kottayam, Manoj M, delivered the keynote address. He emphasised the severe detrimental effects of corruption on a developing economy, stating that it fundamentally undermines the constitutional values of justice and rights. He elaborated that corruption extends beyond bribery to include misappropriation, misconduct and nepotism, all of which erode the foundation of public institutions.

M Vasanthagesan, IRS, Executive Director of the Rubber Board, set the tone by welcoming the gathering and underscoring that the fight against corruption is a shared duty which must begin with individual accountability. A highlight of the function was the distribution of prizes to winners of various competitions held for students and Board employees during the observance week. The ceremony concluded with a vote of thanks proposed by Sreevidya P, the Assistant Vigilance Officer, formally bringing the awareness campaign to a close.

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JK Tyre & Industries Limited has reinforced its leadership in environmental, social and governance (ESG) standards by achieving a top-tier rating of CareEdge ESG 1+. This prestigious accolade, supported by an impressive overall score of 81.2, places the company well above the industry average.

The high rating is a direct result of the firm's exceptional management of ESG risks, which is demonstrated through superior disclosures and robust policies. Key to this performance is the company's strategic focus on proactive carbon and energy management, backed by sophisticated monitoring systems and major investments in renewable energy and decarbonisation technologies.

Raghupati Singhania, Chairman & Managing Director, JK Tyre & Industries Ltd.  said, “It gives me immense pride that our company JK Tyre has been rated CareEdge ESG 1+, the highest ESG rating for the 3rd consecutive year. This is a recognition of our unwavering commitment to sustainable growth, ethical business practices and social responsibility in addition to a key driver to long-term value creation, risk management and operational resilience. We have achieved the industry leading ESG score of 81.2, which is a strong validation of our disciplined approach to integrating sustainability into our core business and financial strategy.”

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Vredestein, the premium European tyre brand from Apollo Tyres Ltd, has strengthened its Indian market presence with the launch of its first exclusive retail outlet in Coimbatore, Tamil Nadu. This strategic initiative was executed in partnership with Sri Subham Tyres and Alignment, which will host the new store. The inauguration ceremony was attended by the proprietor of the host dealership alongside senior members of the Vredestein India Team, marking a significant milestone in the brand's expansion.

The brand, renowned for its heritage in the luxury segment, initially entered the Indian market in 2021. Its product line for India is domestically manufactured at Apollo's advanced production facilities and is specifically engineered for the country's premium and luxury passenger vehicles. The new Coimbatore outlet features a modern design and an extensive, immersive display of Vredestein's latest tyre range.

The products are intelligently organised by driving style and performance characteristics, assisting customers in selecting the ideal tyres for diverse needs, from robust off-road exploration to ultra-high-performance road driving. This customer-centric retail approach underscores Vredestein's commitment to not only expanding its footprint but also enhancing the driving experience for discerning Indian consumers through its cutting-edge technology and high-quality products.

Rajesh Dahiya, Vice President – Commercial, Apollo Tyres Ltd, said, "Coimbatore’s thriving community of auto enthusiasts makes it an ideal market for our tyre brand. Vredestein’s new store is designed to serve the city’s discerning motorists, offering a premium range of high-performance tyres for luxury cars and superbikes. Through superior products and exceptional service, we aspire to become the go-to destination for driving enthusiasts, building enduring relationships and accelerating sales growth."

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