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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BKT Tyres, the tyre mobility brand of Balkrishna Industries Ltd. (BKT), has introduced a 24x7 journey assistance programme called BKT YOU FORWARD for two-wheeler riders. The initiative marks the company’s shift from a pure tyre manufacturer to a comprehensive mobility partner, offering support that extends well beyond the point of sale and aligns with its Elevate Your Drive philosophy.

Available across India, the programme provides round-the-clock assistance through a dedicated helpline for unexpected incidents like punctures, breakdowns or accidents. Services include towing, repairs, ambulance access, cab arrangements and legal aid, all aimed at reducing rider anxiety and ensuring uninterrupted mobility.

A digital-first campaign film starring veteran actor Rakesh Bedi brings the initiative to life through everyday riding scenarios, showing how reliable support turns stressful roadside moments into reassuring experiences.

BKT YOU FORWARD offers three structured plans with two-year validity: the Basic Plan at INR 99, the Signature Plan at INR 149 and the Elite Plan at INR 199. Partner agencies Crossroads and Bi WW support the programme, which relies on a robust service infrastructure, real-time monitoring and defined processes to maintain consistent customer experiences and long-term engagement.

Mahesh Koppad, Chief Marketing Officer, BKT Tyres, said, “Indian riders face diverse challenges every day, and access to timely, reliable support can redefine their journey experience. At BKT Tyres, our philosophy of Elevate Your Drive is not limited to selling tyres; it’s a long-term commitment to rider confidence and mobility. BKT YOU FORWARD, as the name suggests, is designed with consumer-first principle and embodies this promise by offering a structured, 24x7 assistance programme that covers nearly every scenario a rider may encounter. This initiative is not just about solving problems, it’s about building trust, continuity and assurance into every journey. By combining strong service infrastructure, real-time monitoring and defined escalation processes, we are setting a new benchmark in customer engagement. Our vision is to ensure that riders don’t just move forward but move forward with confidence.”

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Xingda, a prominent producer of rubber reinforcement materials, has joined forces with tyre manufacturer Pirelli and low-carbon steel specialist Nanjing Iron & Steel (NISCO) to obtain ISCC PLUS certification across the entire scrap steel recycling chain. The jointly awarded certification spans every stage from raw material sourcing and steel cord production to finished tyre manufacturing.

The pilot project, championed by Pirelli and taken up by both Xingda and NISCO, seeks to add recycled steel to the ISCC PLUS approved materials list. This achievement represents continued progress in certifying the complete tyre supply chain under the ISCC PLUS framework for recycled steel usage.

Through this certification, a fully traceable circular model has been validated. Scrap steel carrying ISCC PLUS certification is turned into high-grade wire rod at NISCO, then converted into steel cord by Xingda and finally incorporated into tyres produced by Pirelli. The three value chain leaders are demonstrating collective action under a single certification system to speed up the circular economy transition. The partnership has helped define technical standards and sustainability protocols, enabling transparent communication about raw material origins.

Xingda has confirmed that recycled steel can be used in steel cord and bead wire applications at proportions between 40 and 100 percent. The company has established targets of reaching 40 percent recycled content by 2030 and full 100 percent by 2050. Meanwhile, Pirelli, as an early adopter of ISCC PLUS certified recycled steel in tyre production, aims to launch a tyre composed of over 80 percent bio based and recycled materials by 2030 while achieving 40 percent in total raw material use. NISCO supplies green special steel to the automotive sector using advanced electric arc furnace technology, with plans to peak carbon emissions by 2030 and reach carbon neutrality by 2050.

The ISCC PLUS certification awarded to this three-party collaboration ensures that the recycled steel meets strict sustainability and traceability standards. As a globally recognised system for tracking recycled and renewable materials across complex supply chains, ISCC PLUS now supports a replicable model for the worldwide tyre industry, allowing the full journey from scrap steel to finished tyres to be verified in response to rising market demand for transparent, circular supply chains.

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Toyo Tire U.S.A. Corp. (Toyo Tires) has launched the 10th annual Toyo Tires Shutter Space Automotive Photo Gallery Contest, calling on automotive photographers to submit their best original work. The competition is open to all, with entries required to capture car culture through artistic composition and technical excellence without using artificial intelligence. Submission details and entry forms are available online.

The grand prize winner will have their photograph displayed at the Shutter Space Collaborative Car Meet & Automotive Photo Gallery in Southern California later this summer. Additional rewards include social media features from Toyo Tires, a USD 1,000 gift card from BHPHOTOVIDEOdotcom, and an all‑expenses‑paid trip for two to the 2026 SEMA Show in Las Vegas, where the winner will serve as a guest photographer for the brand.

Nineteen finalists will also be selected, with their work showcased at the Shutter Space event and on Toyo Tires’ social media channels. Each finalist will receive a USD 200 BHPHOTOVIDEOdotcom gift card. Judging criteria include originality, artistic composition, technical quality, authentic non‑AI imagery and embodiment of the Toyo Tires lifestyle. Submissions must be received by 28 June 2026 at 11:59:59 pm Eastern Time.

Stan Chen, Deputy Director – Consumer Marketing, Toyo Tire U.S.A. Corp., said, “It’s incredibly exciting to reach the 10th annual Toyo Tires Shutter Space Automotive Photo Contest. Over the years, this event has created a platform for photographers to express their passion, showcase their incredible work and capture the spirit of the automotive world. At Toyo Tires, we are honoured to continue supporting the creative voices that share our passion for car culture.”

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Liberty Tire Recycling recently hosted 20 visitors from the Recycling Association of Minnesota for an industry tour of its state operations. Company representatives guided the group through the entire scrap tyre processing cycle, demonstrating how inbound tyres are collected, processed and transformed into finished materials.

Beyond collecting tyres from retailers, auto body shops and transfer stations, Liberty Tire Recycling assists local governments with amnesty drop-off events and illegal dump cleanup initiatives. These efforts protect roadsides, neighbourhoods and natural areas by redirecting discarded tyres into responsible recycling channels. Minnesota generates more than four and a half million end-of-life tyres annually, making robust collection infrastructure essential. Liberty accepts tyres from landfills, transfer centres, and generators such as tyres retailers and auto dealerships.

Despite a strong state framework, illegal dumping persists. Community amnesty events and targeted cleanups provide residents with convenient disposal options and give local governments a proven partner for addressing abandoned tyres piles. Liberty operates two key facilities serving Minnesota: a tyre collection and processing site in Savage and another in St. Martin. Both locations are part of Liberty’s North American network, which processes over 200 million tyres each year into rubber mulch, moulded rubber goods and rubberised asphalt components.

During the Recycling Association of Minnesota tour, visitors observed how end-of-life tyres become crumb rubber, tyre-derived aggregate, rubber mulch and tyre-derived fuel for commercial and residential applications. Through education, direct collection services, local processing, amnesty support and cleanup partnerships, Liberty helps prevent tyres from ending up in ditches or landfills and returns them to productive use.

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