Financial Data and Key Metrics Changes - The company is experiencing a significant decline in volume, with advanced materials (AM) expected to be down around 4% and advanced fibers and plastics (AFP) down around 2% on a full-year basis [10][11] - The company anticipates a $100 million cost reduction target for next year, building on $75 million of cost reductions achieved this year [12][76] - The company expects a meaningful increase in revenue from the circular polyester methanolysis plant, contributing positively to EBITDA [13] Business Line Data and Key Metrics Changes - The fibers business is facing challenges, with a $30 million headwind due to tariffs and a cyclical demand change in textiles [34][35] - The company is optimistic about the rPET capacity conversion, expecting significant volume increases and attractive margins from specialty products [19][20] - The CI segment is expected to benefit from more volume and aggressive cost management, although the overall market remains competitive [42][45] Market Data and Key Metrics Changes - Consumer durable demand is projected to be 5%-15% below 2019 levels, impacting the company's ability to launch new products [29] - The North American market is experiencing a mixed impact due to trade wars and lower demand in building construction and consumer durables [44] - The company is seeing some recovery in demand, particularly in specialty plastics, as customers plan for higher orders in Q1 [74] Company Strategy and Development Direction - The company is focused on innovation and cost management to navigate current market challenges, emphasizing the importance of differentiated products [84] - The strategy includes optimizing the asset footprint and leveraging AI for productivity improvements [76][80] - The company is exploring M&A opportunities to evolve its portfolio in response to industry changes [85] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the chaotic market environment and the challenges posed by inventory levels and consumer demand [72][73] - There is cautious optimism about the potential for demand recovery in the coming year, particularly in the context of lower interest rates and tax legislation [11][45] - The company is committed to maintaining its dividend and is confident in its cash flow generation for 2026 and beyond [67] Other Important Information - The company has completed $50 million in buybacks in Q3 and plans to update on future buyback ranges in January [51] - The company is experiencing a manufacturing recession, with no clear precedent for the current market conditions [42] Q&A Session Summary Question: Can you help with the bridge to 2026? - Management discussed the importance of considering full-year EBIT and the impact of cost savings and asset utilization on future earnings [8][10] Question: What is the status of the rPET capacity conversion? - Management confirmed that the Kingsport plant is running well, with 90% yields and plans for a 30% capacity expansion [17][19] Question: How should earnings ramp from Q4 to Q1? - Management indicated that the asset utilization headwind will turn into a tailwind, with expectations for increased orders in Q1 [22][23] Question: What is the outlook for the fibers business? - Management explained that the challenges in the fibers business are cyclical, with expectations for recovery as market conditions stabilize [34][35] Question: What is the status of the Pepsi contract? - Management clarified that the restructuring of the Pepsi contract is aimed at pulling forward volume into next year, reflecting strong interest in rPET [40][41] Question: How does the company view its portfolio moving forward? - Management emphasized the importance of innovation and cost management while remaining open to M&A opportunities to enhance the portfolio [84][85]

Changes in technology, economics and human ingenuity are “bending towards a future where affordable, clean energy for all can finally be a reality”, writes Christiana Figueres. But, she argues, innovation still has to outpace climate impacts https://t.co/OZXXAfdRLNIllustration: Dan Williams ...

Financial Data and Key Metrics Changes - The company is experiencing a significant decline in volumes, with Advanced Materials (AM) expected to be down around 4% and Advanced Functional Products (AFP) down around 2% on a full-year basis [8][12] - The company anticipates a $100 million cost reduction target for next year, building on $75 million achieved this year [11][68] - The company expects a meaningful increase in revenue from the circular polyester methanolysis plant, contributing positively to EBITDA [12][23] Business Line Data and Key Metrics Changes - The fibers business is facing cyclical headwinds, particularly in textiles, which have seen a significant drop in demand due to tariffs and market conditions [30][42] - The company is optimistic about the ARPET capacity conversion, expecting a significant step up in volume and revenue from this project [19][20] - The CI (Chemical Intermediates) segment is expected to benefit from increased volume and aggressive cost management, although it is currently in a manufacturing recession [38][40] Market Data and Key Metrics Changes - Consumer durable demand is projected to be 5-15% below 2019 levels, impacting the overall market dynamics [27] - The North American market is experiencing a mixed impact due to trade wars and lower demand in building construction and consumer durables [39][40] - The company is seeing some recovery in demand for specialty plastics, with customers planning for higher orders in Q1 [67] Company Strategy and Development Direction - The company is focusing on innovation as a core part of its strategy, aiming to regain market share and drive growth through new product launches [12][76] - There is an emphasis on aggressive cost management to enhance competitiveness in a challenging market environment [68][76] - The company is exploring opportunities for portfolio optimization and potential M&A to adapt to industry changes [76][78] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the chaotic market conditions and the challenges posed by inventory levels and consumer demand [64][66] - There is cautious optimism about a potential recovery in demand as economic conditions stabilize [40][66] - The company is committed to maintaining its dividend and managing cash flow effectively, with expectations of strong cash generation in 2026 [60] Other Important Information - The company has completed its buyback program for the year while maintaining net debt levels [47] - A headcount reduction of 7% is part of the cost-cutting measures, aimed at improving productivity and competitiveness [68][70] Q&A Session Summary Question: Can you help with the bridge to 2026? - Management discussed the importance of considering full-year EBIT and the impact of cost savings and asset utilization on future earnings [5][6] Question: What is the status of the ARPET capacity conversion? - Management confirmed that the Kingsport plant is running well, with 90% yields and plans for a 30% capacity expansion [16][20] Question: How is the Renew product performing in the market? - Management noted strong interest from over 100 customers, but actual volume purchases are limited by soft consumer durable markets [26][27] Question: What are the expectations for fibers next year? - Management explained that the fibers business is facing cyclical challenges, but they expect to stabilize volumes and regain market share [30][32] Question: What is the outlook for the Pepsi contract? - Management indicated that the restructuring of the Pepsi contract is aimed at pulling forward volume into next year, which is seen as a positive development [36][57] Question: How should we think about CI earnings next year? - Management highlighted that CI earnings could improve due to increased volume, cost reductions, and potential recovery in demand [40][41]

RT mert | helius.dev (@0xMert_)@sayinshallah "zero innovation"prop AMMs, multiple concurrent leaders, alpenglow, the SVM, turbine, more TPS than all chains combined while lower fees than all of themthe most startup, consumer, and eng talent in all of cryptonow the biggest ETF in 2025see you at trillionsshalom ...

RT Ayodele Olawande (@ayowisdom_)Earlier today, I had the privilege of delivering the Keynote Address at the Solana Summit Africa 2025, held at the Shehu Musa Yar’Adua Centre, Abuja. The event was a powerful gathering of innovators, developers, and visionaries shaping the future of technology, finance, and digital inclusion across Africa.I commended Superteam Nigeria for creating a remarkable platform that amplifies Africa’s place in the global blockchain ecosystem. Our dialogue on stablecoins went far beyo ...

The knowledge we carry, the wisdom of our ancestors is our greatest strength. Passed down through generations, it lives in our stories, our songs, our ceremonies, and our languages. We move in harmony with our lands and cultures, transforming ancestral knowledge knowledge into innovation and traditions that influence the technologies of tomorrow.We are the bridge between tradition and transformation. Shaping the future of creativity, leadership and technology through indigenous ways of knowing, being and th ...

We are so busy chasing the new that we have forgotten what makes the new possible. There's an ancient Sanskrit concept that can guide us back. Jir no dhara it means digest and advance to take what you inherit and make it flourish. I saw this growing up in an Orthodox Hindu family in rural South India. When our temples aged we revived them rekindling their wisdom for the future. The consecration rituals lasted days. Holy waters over the crowns, fire altars, offerings of spices, grains, honey, sandal paste, a ...

Throughout most of its history, the music industry has sold songs individually as singles, right. First on vinyl, then on cassettes, then on CDs, and now on streaming platforms. In the 1970s, as music production techniques got more advanced, record producers would popularize the idea of the remix, a reworking of the single with some additional elements.Now, it's a pretty simple concept, but music lovers will know that hip-hop truly embraced and amplified this phenomenon, often with a fearless creativity. I ...

[Music] So I want to share with you some of the things that I did that moved our business to where it is today. And one of which I want to start with is giving back to your business all I mean 100% of what the same business has given to you. It's a very hard task but a sacrifice that you must be willing to make.How do I mean. Sometime in 2012 I went to China my first trip for importation to get some goods down to this country Nigeria and that the limited fund that I had could not afford me up to 25% of a 20 ...

[Music] I was blessed not to have everything I wanted in life. If I do or if I did, I probably won't be doing what I'm doing today. See, I lost my father 23 years ago and life became very interesting.Now, don't get me wrong, I miss my father every day. But when my dad died, I began to find the path to who I am as a person. I began to ask questions about how I can be better as a person.I wanted more because I discovered I could speak and I could talk. And I said I wanted to be a speaker, but I didn't have an ...