BERWYN, Pa.—Trinseo's synthetic rubber revenue dropped 19 percent to $126 million in its 2015 third quarter results, the company said on Nov. 5.
The firm cited lower raw material costs and currency exchange rates as the primary reasons for the drop in sales, Trinseo said. The decline in revenue was partially offset by volume growths.
Trinseo manufactures latex and synthetic rubber. Enhanced SSBR—Trinseo's most advanced rubber grades which are used exclusively in high performance tires—volumes increased 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, the firm said.