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 and latex binders with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, and building and construction. Trinseo had approximately $4.8 billion in net sales in 2021 and has 26 manufacturing sites and one recycling facility around the world and approximately 3,100 employees. For more information, please visit: www.trinseo.com.
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 such a difference 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.