Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • ITEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Latex
April 28, 2021 11:00 AM

Synthomer to nearly double earnings as nitrile latex demand rises

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    LONDON—Synthomer P.L.C. expects its earnings to nearly double in 2021, helped by "continued exceptional performance" within its nitrile latex business.

    The chemicals group anticipates EBITDA (earnings) to be in excess of $625 million this year, up from $360 million reported in 2020.

    The outlook reflects a further rise in the one-off profitability of its nitrile latex business and the strengthening of the underlying trading conditions, Synthomer said in an April 21 first quarter trading update,

    The group expects the nitrile latex business to return to normal levels in 2022.

    Overall, the group said it saw strong underlying trading across all its division in the first quarter of 2021.

    The performance elastomers division performed strongly during the three months, impelled by COVID-driven demand for nitrile latex.

    The group said conditions in its styrene butadiene rubber (SBR) latex business also continued to improve, with all segments except paper trading ahead of the comparative period in 2020.

    Following the strategic review of its European SBR network, Synthomer said it completed the consultation in Marl, Germany, and the planned closure of the Oulu, Finland, site at the end of the first quarter.

    Synthomer disclosed plans to review its SBR latex assets in the fourth quarter of 2019.

    The move is aimed to tackle lower plant utilization rates resulted from slower economic activity and ongoing weaker demand for coated graphic paper.

    The company produces SBR latex at four European sites in Germany, Italy, Finland and Austria.

    SBR latex is typically used for the coating of graphic and packaging paper, as a binder in the production of carpets and in mattress and footwear applications.

    Related Article
    Synthomer launches Asia innovation center in Malaysia
    Synthomer dismisses takeover reports
    Synthomer CEO MacLean to step down by early 2022
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Auto suppliers changing how, where they make parts in EV era
    2
    Stellantis ranked lowest in supplier relations study
    3
    Yokohama to raise prices on car, truck tires in U.S.
    4
    Myers Industries CFO stepping down
    5
    U.S. tire market continues to attract new players
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • ITEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION