Advanced Materials Growth
The Advanced Materials segment showed impressive recovery with strong performance despite a challenging macroeconomic environment, driven by innovation and strategic growth initiatives, including a $50 million contribution from the circular platform.
Successful Methanolysis Plant Operations
The Kingsport methanolysis plant demonstrated operational improvement, achieving 85% DMT yield since its last turnaround, leading to expectations of strong operational leverage in 2025.
AFP Segment Strong Performance
AFP segment delivered high single-digit growth, outperforming expectations due to strong volume and mix growth, price discipline, and cost management.
Fibers Business Stability
The fibers business is expected to maintain attractive pricing and margins due to stable end-market demand and strategic multi-year contracting with customers.