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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Liberty Tire Recycling has unveiled two major corporate documents detailing its 2025 environmental and risk management strategies. For the first time, a Climate Risk & Resilience Report aligned with international financial disclosure standards accompanies its annual sustainability findings. These publications collectively highlight how the firm’s green initiatives support both circular economy goals and lasting financial health.

Operational data from the past year shows significant efficiency gains. By tightening energy and fuel oversight, the company cut location-based Scope 2 pollution by six percent and market-based emissions by 10 percent, while energy intensity improved eight percent. Across 219 million scrap tyres, an 81 percent reuse rate was maintained. Outside auditors awarded an EcoVadis Bronze rating, placing Liberty among the top third of assessed firms, and a Recircle Award celebrated its circular innovation.

Workplace safety and community investment also saw notable progress. Employee turnover fell nine percent relative to previous figures, and lost‑time injury rates dropped 11 percent. Charitable contributions exceeded USD 216,000. The new climate resilience document explains how environmental risks are factored into daily operations and long‑range planning, reinforcing the connection between responsible practices and corporate durability.

Thomas Womble, CEO, Liberty Tire Recycling, said, "At Liberty, sustainability is core to our operations and how we show up for our partners and communities. We’re proud of the progress reflected in this report and grateful to our employees whose dedication makes it possible. We remain focused on continuing to drive progress through continued collaborative efforts with the manufacturers and retailers."

Amy Brackin, Senior Vice President – Sustainability, Liberty Tire Recycling, said, "We have said from day one – putting sustainability at the core of our operations would produce better results for the environment and our business. This year’s report continues to demonstrate that Liberty is a leader in both the tyre recycling industry and the sustainability sector more broadly."

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India’s largest tyre maker MRF reported an 11 percent rise in consolidated revenue for the financial year ended March 31, 2026, supported by growth in replacement and original equipment demand.

MRF said consolidated total income increased to INR 316.54 billion from INR 285.70 billion a year earlier. Profit before tax rose to INR 32.22 billion from INR 24.83 billion, while net profit climbed 30 per cent to INR 24.26 billion from INR 18.73 billion in the previous financial year.

The Chennai-based company said it crossed INR 300 billion in annual sales during FY2025-26, helped by growth across both replacement and original equipment segments.

MRF said performance during the year was supported by the launch of new stock keeping units across truck, passenger vehicle and two-wheeler categories. The company added that it had strengthened its position as a supplier to electric vehicle manufacturers and its tyres were increasingly being fitted on vehicles exported by original equipment manufacturers to overseas markets.

The company said demand remained buoyant in the fourth quarter following the reduction in GST rates, benefiting both replacement and original equipment sales. It also said higher vehicle production by manufacturers had increased demand for tyres.

MRF said it was expanding capacity across plants to meet expected future demand from replacement, original equipment and export markets.

The company warned that conflict in the Middle East and related disruptions had driven higher raw material costs and created supply chain pressures. MRF said it had implemented price increases and cost-control measures to offset the impact and indicated that further price rises could follow.

MRF also said the forecast of a sub-normal monsoon could adversely affect demand and added that it was evaluating the potential impact of economic uncertainty and margin pressure on growth.

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Apollo Tyres Ltd has expanded its cycling portfolio with the release of the Vredestein Superpasso 2, a mid-range road tyre borrowing compound technology from the brand’s premium Superpasso Pro model. The new offering targets cycling enthusiasts and leisure riders by pairing that professional-grade tread with a highly durable casing.

Engineers have focused on reducing rolling resistance, achieving an improvement of up to 19 percent on the 28 mm tubeless-ready version compared to the previous generation. This gain comes without sacrificing the established levels of grip or puncture protection, thanks largely to an updated casing and compound rather than structural overhauls. The tyre also retains its predecessor’s 100 TPI casing and reinforced breaker layer.

Apollo’s TriComp technology employs distinct rubber compounds across the tread and shoulders, with a firmer centre promoting durability and lower resistance while softer shoulders enhance wet-weather cornering. Available from May 2026 across Europe, the Superpasso 2 will be offered in tubeless-ready options of 28-622 and 32-622, as well as tube-type sizes of 25-622, 28-622 and 32-622, in both black-black and black-transparent finishes.

Nic Knippers, Divisional Head, Vredestein Two Wheel Tyres, Apollo Tyres Ltd, said, “With the Superpasso 2, rolling resistance has been significantly reduced while grip and puncture protection remain at the same high level. No rider wants a flat tyre – they want a tyre that delivers both speed and safety, without compromise.”

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The Vredestein Comtrac 2+ has been named the overall winner in the latest summer tyre test by Promobil, Germany’s leading motorhome magazine. The assessment focused on high-demand driving scenarios, with the tyre earning particular recognition for its short stopping distances on both wet and dry pavement.

The test evaluated seven leading summer tyres in size 225/75 R 16 C 121 R on a Fiat Ducato-based motorhome. All competitors were C-type products for vans and campers. The Comtrac 2+ recorded the best wet braking performance at 27 metres from 80 kmph and the highest aquaplaning resistance speed of 93.5 kmph. In dry conditions, it again led the field with a shortest braking distance of 41.1 metres, securing the test winner accolade.

Launched in late 2025, the Comtrac 2+ is available in 21 sizes for 15- to 17-inch rims, including XL load-rated versions. Its wet weather capability comes from a highly dispersible silica filler and a tread pattern designed to expel water. A durable construction, strengthened bead area for stability under load, and reinforced sidewalls for wear resistance contribute to its longevity and handling performance.

Daniele Lorenzetti, Chief Technology Officer, Apollo Tyres Ltd, said, “This latest independent test confirms the Comtrac 2+ is one of the leading C-type summer tyres on the market. Tyre development requires a careful balance of characteristics, and this result shows that we have created a summer product that is an ideal choice for motorhomes operating in increasingly unpredictable weather conditions.”

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