Profitability halved at Trinseo’s rubber business

Berwyn, Pennsylvania – Trinseo’s fourth quarter sales was hit by lower volumes in various segments, including the synthetic rubber and feedstock units, the company announced 13 Feb.

Revenue for the three months to end of December 2018 fell 3% to $1.0 billion (€880 million), also reflecting currency impact.

Fourth quarter adjusted EBITDA (earnings) fell 61% to $65 million, due in part to continued weakness in the automotive and tire markets and the Chinese slowdown.

During the quarter, Trinseo reduced workforce within its synthetic rubber segment, with a $5-million…

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