‘Softening’ tire market to impact Trinseo earnings

Berwyn, Pennsylvania – Trinseo achieved higher profitability at its synthetic rubber business in the second quarter, but sees pressures ahead due to weakening demand for its tire materials.

At Trinseo’s synthetic rubber business, net sales for the three months to 30 June fell 11% year-on-year to $155 million, the group’s quarterly report, issued 2 Aug, shows.

“Higher SSBR and ESBR sales volumes as well as favourable currency impacts were more than offset by the pass through of lower butadiene cost,” it explained.

At $31 million, earnings (adjusted EBITDA)…

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