Start-up of New Production Line Begins at Trinseo’s Zhangjiagang, China Plant
November 15 2017 - 9:00AM
Business Wire
Established MAGNUM™ ABS brand now produced in
and for the Asia Pacific market
Trinseo (NYSE: TSE), a global materials company and manufacturer
of plastics, latex binders and synthetic rubber, announced today
the successful start-up of a MAGNUM™ ABS production line at the
company’s manufacturing plant at the Zhangjiagang, China site.
Customers in Asia Pacific will now have their needs met for MAGNUM™
ABS in the auto, appliance, electronics, lighting and consumer
goods markets.
Trinseo’s MAGNUM™ ABS is manufactured by a mass polymerization
technology that delivers greater product stability and advanced
properties. It can reduce costs for injection molding, sheet &
profile extrusion, and self-coloring, while offering long lasting
superior aesthetics in the final product.
“Production of MAGNUM™ ABS in China is an important milestone
for Trinseo and the Asia Pacific market,” said Tim Stedman, SVP and
Business President, Basic Plastics & Feedstocks at Trinseo. “We
are delivering on our promise at Trinseo of providing our customers
with a differentiated ABS product compared to other competitive
resins produced in China today.”
On November 21st, 2017 an official unveiling ceremony will take
place at the Zhangjiagang site with local dignitaries, neighbor
companies, business management and employees.
This investment further reinforces Trinseo’s commitment to serve
customers in Asia Pacific by producing the established MAGNUM™ ABS
brand. Trinseo will begin selling ABS from this plant in the fourth
quarter of 2017.
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
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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
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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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171115005217/en/
For editorial information:Trinseo LLCDonna St. Germain,
+1-610-240-3307StGermain@trinseo.comorFor editorial
information:MakovskyDoug Hesney, +1-212-
508-9661dhesney@makovsky.com
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