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), a specialty material solutions provider, partners with companies to bring ideas to life in an imaginative, smart, and sustainability-focused manner by combining its premier expertise, forward-looking innovations and best-in-class materials to unlock value for companies and consumers.
From design to manufacturing, Trinseo taps into decades of experience in diverse material solutions to address customers’ unique challenges in a wide range of industries, including consumer goods, mobility, building and construction, and medical.
Trinseo’s approximately 3,400 employees bring endless creativity to reimagining the possibilities with clients all over the world from the company’s locations in North America, Europe, and Asia Pacific. Trinseo reported net sales of approximately $4.8 billion in 2021. Discover more by visiting www.trinseo.com and connecting with Trinseo on LinkedIn, Twitter, Facebook and WeChat.
Cautionary Note on Forward-Looking Statements
This press release may contain forward-looking statements including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, our ability to successfully execute our transformation strategy and business strategy; our ability to integrate acquired businesses; global supply chain volatility, increased costs or disruption in the supply of raw materials or increased costs for transportation of our products; the nature of investment opportunities presented to the Company from time to time; and those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.