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 Indian Tyre Technical Advisory Committee (ITTAC) has made a proposal to Tyre Retreaders Education Association (TREA) for mandating certain standards that will improve the quality of retreads.

Speaking to Tyre Trends about the move, a source privy to the developments explained, “We have sought TREA’s views on mandating the retread standards and we are currently awaiting their formal response on the subject. Once an agreement is reached with TREA, a formal proposal will be submitted to BIS for consideration. At present, the retread sector is largely unorganised with more than 10,000 retreaders operating. Once the applicable standards are mandated, all retreaders will be required to comply with the relevant BIS standards and mark their products with the BIS certification marks.”

“Considering the large number of retreaders operating in the market, enforcing retread standards will be a significant challenge for BIS,” he added.

As per an ICRA report, the Indian retreaded market was valued between INR 580 billion and INR 600 billion with a cumulative annual growth rate of 7–9 percent between FY23-26. As the market continues its projected trajectory, quality and efficacy become paramount not only to bolster recognition and usage but also to make a name at the global level.

The documents that were accessed by Tyre Trends signal a major restructuring of test procedures and physical property norms across key retreading standards.

At the centre of the exercise is remarks from Central Institute of Road Transport (CIRT), supplemented by inputs from a major tread maker, covering four foundational BIS retread standards, namely IS 15725, IS 15753, IS 15524 and IS 9168.

TREA members are yet to assess proposed updates to the physical-property criteria for uncured rubber including tread, belt, undertread, base and cushion gum compounds.

The technical work on retread-casing standard IS 15704 represents the most sensitive part of the proposal. Furthermore, ITTAC has partially aligned Indian requirements with ECE R109, the European regulatory benchmark.

Key alignments include widening allowable outer-diameter growth for tyres with section widths above 305 millimetre, raising permissible deviation from two percent to 3.5 percent for high-aspect-ratio radial tyres and four percent for bias-ply constructions.

ITTAC also endorsed the addition of a one percent deviation allowance for snow tyres, consistent with R109 clause 7.1.5.2.

The recommendations in the proposal also contains inputs from Michelin Tyres. The company had proposed a full R109-based clause on minimum material thickness above the breaker for diagonal-ply casings.

ITTAC did not accept the full wording, arguing that IS 15704 already covers requirements for both radial and bias tyres, but acknowledged that the minimum 0.80 millimetre non-repair spot thickness must be explicitly stated to prevent accidental exposure of the belt package during buffing operations, informed the source.

Alluding to how these changes will be incorporated, he noted, “As far as process is concerned, like in case of new tyres, retreader will apply to BIS for getting the license. After reviewing the application, a BIS auditor will visit the retreading facility and collect samples for testing at BIS-authorised laboratories. The laboratories will conduct tests as specified in the standard and submit their reports to BIS. If the sample successfully meets all requirements, a license is issued to the retreader, allowing them to mark their retreaded tyres with the applicable ISI mark.”

India’s retreading sector now stands at a defining crossroads. The push by ITTAC to formalise and mandate BIS standards marks a decisive shift from a largely fragmented landscape to one governed by measurable, certifiable quality benchmarks.

For more than 10,000 retreaders, the transition will not be easy as compliance, auditing and testing will demand new investments, capabilities and mindsets.

Yet, this transformation also presents an unprecedented opportunity. Standardisation could elevate Indian retreads from a cost-driven alternative to a globally credible, technically assured product category.

As TREA prepares its response and BIS gears up for the next drafting phase, the onus now lies on industry players to embrace this moment. If executed well, the reforms could not only improve safety and performance but also position India as a competitive force in the international retreading arena.

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Linglong Tire has recognised its top-performing global dealers at a five-day event in London, bringing together partners from several regions as the Chinese manufacturer seeks to strengthen its international distribution strategy.

Dealers from Australia, El Salvador, Egypt, Finland, Italy, Poland, Turkey and Uzbekistan were among those invited. The company said participants were selected for achieving the highest sales of Linglong Group products in the first half of 2025, covering its core Linglong range as well as regional brands such as Atlas Tires in Australia and Benchmark in Turkey.

The event included corporate and product briefings, during which Linglong awarded certificates to all attendees. Several dealers also presented their own business strategies, outlining how they position the brand in their respective markets. Linglong said the exchanges enabled participants to compare marketing approaches and share regional insights.

The programme concluded with a group visit to a Premier League match between Chelsea FC and Arsenal FC. Linglong is a global tyre partner of Chelsea and is represented on LED boards at all home games at Stamford Bridge.

Shandong Linglong Tire Co., founded in 1975, operates seven research centres and seven manufacturing bases, including facilities in Thailand and Serbia. The company employs more than 19,000 people and supplies tyres to over 200 vehicle-production sites worldwide. It retains a presence in original equipment supply for manufacturers including Volkswagen, Audi and BYD.

Linglong said it intends to continue evaluating potential sites for future overseas capacity as part of its long-term global expansion strategy.

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European replacement tyre demand was broadly stable in the third quarter of 2025, although overall volumes remain weaker than last year as economic softness and rising imports continue to weigh on the market, according to new figures from Tyres Europe.

The industry association said sales across the consumer segment — which includes passenger cars, SUVs and light commercial vehicles — were flat in the quarter and down slightly in the first nine months of the year. Adam McCarthy, Secretary-General of Tyres Europe, said: “Tyre markets were generally stable in the third quarter of 2025, although demand in the Truck & Bus tyre segment remained weak. Data for the first three quarters shows tyre volumes generally lower than the same period in 2024.”

The data point to an ongoing shift in consumer purchasing patterns. Sales of summer car tyres declined, while demand for all-season and winter products continued to rise. McCarthy added that “demand for car tyres is clearly shifting from summer tyres toward all-season and winter products”.

Truck and bus tyres recorded a sharper downturn. Third-quarter declines followed similar weakness earlier in the year, reflecting subdued freight activity and stronger competition from imports. Year-to-date sales fell about 1 percent. McCarthy noted that the segment’s performance “reflect[s] subdued economic activity across the region and an increase in imported tyres”.

Agricultural tyre volumes remained well below pre-pandemic levels, though quarterly figures were broadly stable. Moto and scooter tyres showed modest growth.

The update highlights significant changes in the region’s import landscape. Imports of passenger car and light truck tyres into the EU27 and UK rose 10 percent in the first eight months of 2025, although growth slowed sharply after a strong end to 2024 and early 2025. China retained a dominant market share of more than 70 percent, but Vietnam’s exports expanded rapidly from a low base, exceeding volumes from India. Truck and bus tyre imports increased nearly 14 percent, with Thailand and Vietnam accounting for more than half of extra-European shipments. China lost share and fell to third place.

Underlying mobility trends also point to a mixed recovery in tyre usage. Miles travelled by light vehicles across Europe are expected to surpass pre-pandemic levels in 2025, but car mileage in Western Europe will not fully recover until 2026 or later, according to the analysis. Truck mileage remains closely tied to GDP growth but has lagged behind owing to efficiency gains, larger vehicles and structural shifts in the European economy.

The report also emphasised regulatory barriers that continue to affect the recycling sector. Tyres Europe and Recycling Europe repeated their call for harmonised EU-wide End-of-Waste criteria for rubber derived from end-of-life tyres. “Standardised End-of-Waste criteria will boost demand for high-quality secondary raw materials and reduce dependence on virgin resources,” said McCarthy.

Tyres Europe represents 13 manufacturers whose global sales account for 70 per cent of the worldwide tyre market and collectively operate more than 70 production sites and over 20 research centres in Europe. The sector supports almost 500,000 jobs across the EU.

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Bridgestone Americas marked International Day of Persons with Disabilities by awarding USD 200,000 in grants towards expanding adaptive sports opportunities within public education. This funding, allocated through the Bridgestone Americas Trust Fund, will establish or enhance athletic programming across 62 schools in eight states, ultimately serving approximately 1,400 students from kindergarten through 12th grade.

The initiative addresses a notable gap in participation, as students with disabilities have historically been underrepresented in school athletics despite millions receiving special education services. Presently, only a small fraction of US public schools provides these vital adaptive programmes. The grants will support inclusive team sports, including basketball, soccer and track and field, allowing children of all abilities to engage in competitive play.

This community investment extends Bridgestone’s enduring commitment to adaptive athletics, following its tenure as a Worldwide Paralympic Partner. The company further advances this mission through equipment innovation and collaborations with elite adaptive athletes who serve as ambassadors for its ‘Team Bridgestone’ initiatives.

Wade Munday, Director, Corporate Philanthropy and Social Impact, Bridgestone Americas, said, “Access to sports is a serious barrier for young people with disabilities across the country. Bridgestone has long supported equitable access to sports because of the lifelong skills they provide on and off the field. With these grants, we look forward to empowering more young people with the opportunity to play.”

Chuck Aoki, American wheelchair rugby player, Paralympic medallist and member of Team Bridgestone, said, “When I was 12, I met a Paralympian who used a wheelchair just like me, but he was faster than I could ever imagine being! That encounter changed my life because I realised there was a place for me in sports. Access to adaptive sports is transformative for people with disabilities, and I am proud that Bridgestone remains committed to reducing barriers for all athletes.”

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