Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced a strategic partnership with Beijing University of Chemical Technology (BUCT), bringing together expertise from academia and industry. The partnership will see the launch of a scholarship to nurture a new generation of talent and will also introduce joint research in synthetic rubber technology.
Trinseo’s Managing Director for Asia Pacific, James Ni, and BUCT Vice President, Wang Feng, co-signed the agreement at a ceremony in Beijing on October 22, 2019. The three-year BUCT-Trinseo Materials Science Scholarship will facilitate the development of the industry’s new generation of talent by providing students with financial aid, starting this year. The move is part of the Company’s sustainability commitment to contribute to the communities in which it operates.
“We are honored to cooperate with Beijing University of Chemical Technology,” Ni said. “By connecting BUCT’s academic and laboratory knowledge and Trinseo’s actual production and industrial experience, we believe we can contribute to the synthetic rubber technology and the overall industry greatly.”
In addition to facilitating the students, this strategic cooperation includes a joint research and expert exchange program designed to promote technological innovation in the industry and strengthen the development of high-performance rubber industrialization. By combining the knowledge and expertise of BUCT and Trinseo, there is a strong opportunity to enhance technological development resulting in exciting advances in synthetic rubber applications.
“We show our appreciation to Trinseo for their generosity in providing a scholarship to our university,” Feng said. “This will benefit our materials science students and it also shows that Trinseo is committed to their corporate social responsibility.”
Senior executives from both Trinseo and BUCT attended the ceremony, including Director of the Domestic Cooperation and Exchange Division, He Yujun; Associate Dean of the Institute of Science, Technology and Development, Zhu Baoning; Dean of the College of Materials Science and Engineering, Zhang Liqun; Global Technical Director of Trinseo Synthetic Rubber, Sandra Hofmann; and APAC Commercial Director, Arthas Yang.
After the ceremony, the BUCT team provided Trinseo representatives with a tour of the lab followed by a discussion on future collaboration. Some of the topics covered included the application of bio-based materials in tires and technical rubber goods, and next generation materials for tires.
Trinseo, and its Synthetic Rubber business in particular, is excited to partner with BUCT. With more than 60 years of history and a renowned reputation in materials science, BUCT and Trinseo are creating a partnership which could lead to some technological advancements that benefit the entire synthetic rubber industry.
Beijing University of Chemical Technology (BUCT) was established in 1958 and is one of the key universities in China directly affiliated with the Ministry of Education of the People’s Republic of China. The university is dedicated to nurturing talents and expertise to be utilized in the chemical and material sciences industries. Renowned in its field, BUCT has received numerous awards throughout the years. For more information: http://www.buct.edu.cn/
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.
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 the timing of the proposed acquisition of the Arkema MMA and PMMA business (the "Acquisition"); estimated and future results of operations, business strategies, competitive position, industry environment and potential growth opportunities and cost synergies relating to the Acquisition, 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 failure to complete the Acquisition or meet the conditions to closing, including antitrust, works council and other regulatory approvals; the failure to obtain the financing necessary to fund the Acquisition and the impact of the substantial indebtedness to be incurred; costs related to the Acquisition; following the Acquisition, our ability to successfully integrate the acquired businesses, generate expected cost savings and synergies, maintain relationships with customers, retain key employees and profitably grow the business; 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.