Trinseo's New Development Brings Plastics Innovation to Terneuzen
September 27 2017 - 4:00AM
Business Wire
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.
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as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
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include, without limitation, forecasts of growth, revenues,
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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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170927005164/en/
Press Contact:TrinseoMarjolein Groeneweg, +49 6196 969
3124mgroeneweg@trinseo.comorInvestor /
Media Contact:Palmer HargreavesCarolin Skupin, +49 0221 933 22
247cskupin@palmerhargreaves.com
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