Trinseo SR business’ earnings more than halved in Q2

Berwyn, Pennsylvania – Materials supplier Trinseo SA has seen second quarter earnings (adjusted EBITDA) within its synthetic rubber (SR) unit drop 57.8% year-on-year to $13 million, due to lower sales volumes and weak market conditions.

Sales fell 28% to $112 million (€100 million) in the three months to end of June, due mainly to lower solution styrene butadiene rubber (SSBR) and emulsion styrene butadiene rubber (ESBR) sales volumes and currency impacts.

Volumes were down roughly 11% quarter-over-quarter, 18% year-over-year, as a result of weakness in the global…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with