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Trinseo Starts Up New TPE Pilot Facility in Hsinchu, Taiwan

New facility enables faster innovation cycles for sustainably advantaged materials across applications

BERWYN, Pa, USA - Wednesday, December 2, 2020

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.

About Trinseo

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.

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