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, The 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, 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.
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 $4.6 billion in net sales in 2018, with 16 manufacturing sites around the world, and approximately 2,500 employees. For more information visit www.trinseo.com.
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