Completes two and a half year project aimed at inspiring growth and modernizing production

Trinseo, (NYSE: TSE) the global materials company and manufacturer of plastics, latex binders and synthetic rubber, announced today the opening of its new Research and Development site in the city of Terneuzen, Netherlands, as part of its huge investment into the company’s future.

By modernizing two existing technical support center and research lab operations under one roof in Terneuzen, Trinseo has created a new Plastics Research Center that will house 180 non-manufacturing employees. This collaborative environment will help drive new plastics innovations within the company.

“Trinseo has a track record built on successful customer-driven innovations,” said Trinseo’s President and CEO, Christopher D. Pappas. “This project will enable Trinseo to drive these developments forward and extend our unique global asset base, helping us to serve our customers even better across Europe and the rest of the globe.”

The new facility will combine Trinseo’s European Development Center for Plastics with its supporting functions like Supply Chain, Environmental Health & Safety, Quality and Procurement, forming one of the company’s European logistical centers.

Trinseo already produces a range of products on the Terneuzen site, including styrene monomer, polycarbonate, PC/ABS, ABS, and Latex Binders. These materials are produced to serve a range of industries, including automotive, construction and consumer products.

This new site will make the Terneuzen site the joint largest in Europe alongside Schkopau, Germany and bring a range of knowledge and expertise together; facilitating the creation of new innovations and providing a significant investment in the company’s future.

“Previously employees were scattered all over the industry park,” said Frans Kempenaars, director Trinseo Netherlands. “This new building works as an enabler for cross-functional projects. The combination of the open office space and the new Research & Development facility supports Trinseo’s plans to grow the Performance Material division by $100 million between 2016 and 2019.”

The city of Terneuzen and many local partners have helped Trinseo to realize this ambitious project, including facilitating infrastructure and providing specialized support. These partners and local dignitaries will be attending the opening celebration along with representatives from Trinseo’s Executive Leadership Team to celebrate the project’s success, both for Trinseo and the local area.

About Trinseo

Trinseo (NYSE: TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber. We are focused on delivering innovative and sustainable solutions to help our customers create products that touch lives every day — products that are intrinsic to how we live our lives — across a wide range of end-markets, including automotive, consumer electronics, appliances, medical devices, lighting, electrical, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.7 billion in net sales in 2016, with 16 manufacturing sites around the world, and nearly 2,200 employees. For more information visit www.trinseo.com.

Note on Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements in this press release may include, without limitation, forecasts of growth, revenues, business activity, acquisitions, financings and other matters that involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. As a result of the foregoing considerations, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Press Contact:TrinseoMarjolein Groeneweg, +49 6196 969 3124mgroeneweg@trinseo.comorInvestor / Media Contact:Palmer HargreavesCarolin Skupin, +49 0221 933 22 247cskupin@palmerhargreaves.com

Trinseo (NYSE:TSE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Trinseo Charts.
Trinseo (NYSE:TSE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Trinseo Charts.