Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, announced today the inauguration of its Thermoplastic Elastomers (TPE) pilot facility in Hsinchu, Taiwan. The new pilot facility represents a major step in Trinseo’s wider growth strategy for TPEs, enabling it to locally produce custom-engineered TPE and thermoplastic urethanes (TPU), together with its leading bioplastics portfolio, for key customers in the Asia-Pacific region.
The state-of-the-art pilot facility is built at Trinseo’s existing manufacturing site in Hsinchu, and will enable faster innovation cycles in close collaboration with customers for sustainably advantaged materials in the Automotive, Consumer Electronics, Footwear and Medical markets. It complements Trinseo’s existing main TPE development center in Mussolente, Italy, which is leading industry developments in the design and production of sustainable soft-touch plastics.
The new Hsinchu plant has been launched on schedule, despite the challenges associated with constructing a state-of-the-art facility during the global Coronavirus pandemic. Upon its opening, Trinseo celebrated 15,000+ safety hours in a development project that spanned three regions under the most challenging circumstances.
“We are very excited to start up the pilot facility for our custom-engineered TPE and thermoplastic urethanes (TPU) closer to customers in Asia-Pacific,” said Francesca Reverberi, Vice President, Engineered Materials and Synthetic Rubber, Trinseo.
“The pilot plant offers a potential platform through which Trinseo can fulfil increasing demand for TPEs, brought about by megatrends such as the growth in telemedicine and the convergence of medical and consumer electronics. These trends bring a requirement for more user-friendly and sustainable devices with greater use of soft-touch materials and bio-based plastics.”
The pilot plant will play a significant role in helping Trinseo achieve its 2030 Sustainability Goals, which specify that sustainably sourced materials will form the basis of 40% of Trinseo’s portfolio within a decade. Trinseo’s biobased and biodegradable TPE and TPU materials comprise a significant portion of the company’s environmentally friendly portfolio, and the pilot facility is expected to accelerate adoption and development of these solutions.
The Hsinchu plant is already supporting Trinseo’s sustainability aims by compounding best-in-class resins made with post-consumer recycled plastics, used primarily in consumer electronics. Furthermore, the plant will enable Trinseo to continue its evolution into a true solutions provider to customers in Consumer Electronics, Footwear, Medical, Automotive TPE and Appliances & Tools – with a strong focus on sustainability.
Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber 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, building and construction, and tires. Trinseo had approximately $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 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 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.