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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Apollo Tyres Ltd’s Sustainable Procurement Summit and Awards 2025 marked a pivotal moment for its global supply chain, uniting a diverse assembly of more than 800 partners from over 20 countries. The gathering’s core mission was to drive collective action in forging a future-focused value chain characterised by circular principles, climate responsibility and ethical rigour. A central feature of the agenda was a vibrant panel discussion where experts analysed the transformative pressures of impending regulations and evolving market expectations, emphasising the need for robust transparency and cooperative innovation to navigate the coming decade.

The event formally commenced with leadership unveiling the detailed Sustainability Roadmap 2030, a strategic blueprint that anchors long-term environmental and social governance into the company’s operational DNA. This presentation explicitly framed Apollo Tyres' vision for procurement and set forth clear, actionable expectations for its partners in this shared journey. Further elevating the summit was an awards ceremony created to celebrate supply chain excellence. Partners were honoured across critical categories including environmental stewardship, ethics, sustainable procurement and the protection of labour and human rights, acknowledging those who have delivered tangible impact and leadership.

The distinguished award recipients– Birla Carbon, Cabot, EQ Rubber, Hyosung, Milliken, OCCL, Performance Additives, Solvay, Synthos, Teck Bee Hang and Xingda – exemplify the high standards Apollo Tyres champions. Ultimately, the summit transcended a mere conference, positioning itself as a catalyst for deeper integration and mutual commitment, reinforcing that the path to achieving ambitious 2030 goals is fundamentally built through empowered and aligned partnerships across continents.

Sunam Sarkar, President and Chief Business Officer, Apollo Tyres Ltd, said, “The Sustainable Procurement Summit and Awards 2025 reflects our belief that creating a resilient and responsible value chain requires collaboration, transparency and a shared purpose. We are proud to recognise partners who are advancing sustainability in meaningful ways.”

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Hankook Tire has strengthened its commitment to sustainable community development in Indonesia with the recent completion of a vital water infrastructure project. The company finalised and celebrated the installation of a modern water pump and storage tank system in Naga cipta Village, Bekasi, on 5 December. This initiative directly addresses severe local water shortages exacerbated by El Niño climate patterns, which have historically caused extreme drought, particularly impacting over 50 households in the village reliant on rainwater for daily needs. The project supports United Nations Sustainable Development Goal 6, aiming to secure reliable access to clean and safe water for communities surrounding Hankook’s Indonesia Plant.

The new infrastructure is poised to substantially elevate living standards for residents, including many Hankook employees, by eliminating costs previously associated with buying water and improving overall sanitary conditions. This follows another successful water project in Pasirranji Village, which has supplied roughly 2.8 million litres of clean water to more than 1,100 residents since August. Hankook’s broader corporate social responsibility strategy in Indonesia is deeply aligned with multiple UN Sustainable Development Goals. Recent activities include enhancing public safety through LED streetlight installations for sustainable communities and supporting ecological balance by planting over 5,000 mangrove trees for forest restoration.

Beyond infrastructure, Hankook Tire fosters shared growth through ongoing local engagement. This includes annual tyre donations to public and private organisations to promote safer transport, alongside targeted support for education, healthcare services for vulnerable groups and direct charitable contributions. Through these multifaceted efforts, Hankook Tire continues to act as an active global corporate citizen, dedicated to fostering long-term wellbeing and resilience within Indonesian communities.

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Bridgestone Americas has concluded its annual ‘United by What Really Matters’ campaign, generating more than USD 2.4 million for United Way chapters in Nashville, Greater Cleveland and Summit & Medina. These critical funds will directly support essential local services in communities where Bridgestone operates.

Beyond the financial contribution, the campaign demonstrated a profound commitment to volunteerism. During a dedicated week last November, 61 percent of employees from the company’s key operational sites engaged in hands-on support. Their efforts included organising blood drives for the Red Cross, assembling food donations for local pantries and preparing hygiene kits for public school students.

This recent donation marks a significant milestone, as Bridgestone’s decade-long partnership with United Way has now surpassed USD 17 million in total contributions. This sustained support is made possible through multiple channels: direct employee donations, contributions from the Bridgestone Americas Trust Fund and proceeds from the company’s annual charitable golf tournament. That tournament alone, a premier fundraising event for United Way, raised USD 1.35 million in 2025, underscoring the ongoing generosity of Bridgestone’s team and its partners.

Sara Correa, Chief Marketing Officer, Bridgestone Americas, said, “With this campaign, Bridgestone and our teammates can play a critical role in what really matters – making a lasting impact in the communities where we move, live, work and play. Our longstanding partnership with United Way continues to be a powerful tool for us to drive meaningful impact and build a better future together. Thank you to our teammates and partners for your generosity, which will help this holiday season bring joy and connection to all.”

Erica Mitchell, President & CEO, United Way of Greater Nashville, said, “Bridgestone’s generosity through its annual golf tournament and employee giving campaign is more than a donation – it’s an investment in people. Their commitment helps families access education, meet basic needs and build financial stability. Together, we’re proving that lasting change happens when we unite for what really matters.”

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Bridgestone India has inaugurated a new Bridgestone Select Store in Sector 101, Noida, strengthening its presence in Uttar Pradesh and North India. Operated by Tyre Shoppe India Pvt Ltd, this premium retail outlet was opened by Rajiv Sharma, Executive Director of Integrated Consumer Business at Bridgestone India. The store represents the company’s modern retail approach, moving beyond mere sales to provide comprehensive tyre and mobility solutions through advanced technology, expert advisory services and high-quality infrastructure.

Strategically situated near the Sector 101 Metro Station, this expansion highlights Bridgestone’s focus on enhancing its network in key growth markets. Customers will have access to the latest premium tyre offerings, including the Turanza 6i and the Dueler All-Terrain A/T002. The Turanza 6i incorporates Bridgestone’s ENLITEN technology, providing improved comfort, fuel efficiency, braking performance and longevity for both traditional and electric vehicles. Meanwhile, the Dueler All-Terrain A/T002 is built for diverse driving conditions, offering durability, strong traction and reliable control on various surfaces.

This launch underscores Bridgestone India’s ongoing commitment to broadening its customer reach and solidifying its role as a leader in safe and sustainable mobility solutions. By investing in such flagship stores, the company aims to deliver an elevated, customer-focused experience that prioritises safety, performance and driving comfort.

Rajiv Sharma, Executive Director – Integrated Consumer Business, Bridgestone India, said, “Uttar Pradesh is an important and fast-growing market for Bridgestone. The inauguration of our new Select Store in Noida is a significant step in strengthening our presence in North India and bringing our premium retail experience closer to customers. Through our Select Store format, we aim to deliver not only high-quality, technologically advanced tyres, but also a superior, end-to-end customer experience built on trust, safety and performance.”

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