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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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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The Goodyear Highway Hero Award is actively seeking nominations to honour the exceptional bravery of commercial truck drivers. The programme, now in its 42nd year, recognises those who perform courageous acts that extend far beyond their typical job responsibilities to aid others and enhance public safety on North American highways.

To qualify for consideration, a nominee must hold a current Commercial Driver's License and drive an eligible vehicle, which includes long-haul trucks, vocational and infrastructure trucks and non-lifesaving emergency vehicles with rim sizes exceeding 19 inches. The incident must have taken place within the United States or Canada during the 2025 calendar year while the driver was officially on duty.

The nomination period remains open until 31 January 2026. Submissions require a detailed account of the event and are made through Goodyear’s dedicated online portal. Following a review of all entries, a panel of judges will evaluate the approved nominations to select one winner and up to two finalists. The grand prize winner will receive a cash award and a ride aboard the Goodyear Blimp, while the finalists will also be granted monetary prizes. The recipient of the award will be officially announced in early 2026.

Joe Stuglis, Vice President, Commercial Sales North America, Goodyear, said, "Truck drivers are the unsung heroes of our roads and communities. For more than four decades, the Highway Hero Award has celebrated those who step up in critical moments to protect others. We're proud to continue this tradition and shine a spotlight on their inspiring stories."

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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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