Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, celebrated the successes of a 20-year partnership this month.
In 1998, Trinseo began working with Yildiz Polimer, a latex binders distribution company located in Gaziantep, Turkey. Founder Yasar Erturhan partnered with Trinseo to promote the use of binders in the Turkish carpet market, and over the last two decades the relationship has grown and seen real success.
“Without Yildiz, Trinseo would need to be based in Gaziantep to service the multitude of small customers in the area,” said Inas Soliman, Binders Account Manager, Turkey and Middle East. “Yasar helps us immensely by frequently joining us as a participant at DOMOTEX – the world’s leading trade fair for floor coverings – in Hannover.”
For Yildiz Polimer, it has led to the opening of a brand new factory this month, with new tanks and an increased storage area.
This relocation will not only mean that their site is closer to their customers in the Gaziantep Organized Industrial Zone, meaning that they can provide local technical services, but that they can also customize, formulate, and produce compounds within their factory.
Both companies are celebrating a record year of LIGOSTM Binders distributed through Yildiz Polimer in 2017. The partnership continues to expand with Yildiz Polimer shortly beginning work with Trinseo’s Adhesives and Construction market.
Gaziantep is a region in South Eastern Turkey. Having recently experienced significant growth, the region has now become one of the world’s leading producers of machine woven carpets, representing over 90% of Turkish carpet production. There are approximately 250 carpet manufacturers in the region employing over 100,000 people.
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 $3.8 billion in net sales in 2019, with 17 manufacturing sites around the world, and approximately 2,700 employees. For more information visit www.trinseo.com.
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.