Berwyn, Pennsylvania – Trinseo’s synthetic rubber revenue dropped 19 percent to $126 million (€116 million) in the 2015 third quarter results, the company announced on 5 Nov.
The main contributors to the drop, said Trinseo, were the pass through of lower raw material costs and currency.
The drop was, however, partially offset by volume growths, said the manufacturer of latex and synthetic rubber.
In terms of volume, enhanced SSBR – Trinseo’s most advanced rubber grades which are used exclusively in high performance tires – rose by 17 percent, while adjusted EBITDA of $27 million was $1 million above prior year.
Third quarter sales volume of SSBR increased 19 percent from prior year and included record sales volume of enhanced SSBR, said the company.