1. Trinseo first quarter sales fall 18%

    Berwyn, Pennsylvania – Trinseo SA’s synthetic rubber (SR) business has reported a double-digit decline in first quarter sales due in part to Covid-19.

    Over the three months to end of March, segment’s sales fell 18% to $102 million (€94 million) while earnings (adjusted EBITDA) grew 36% to $15 million.

    The company linked the decrease in sales to a volume decline of 8% as customers cancelled solution styrene butadiene rubber (SSBR) orders due to Covid-19 impact.

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