Trinseo (NYSE: TSE), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, opened its new Application Development Center (ADC) in Rheinmunster, Germany to support its Latex Binders business.
“The Application Development Center is a world class resource to drive innovation in LIGOS™ binders solutions,” said Andre Hugentobler, Global Technology & Innovation Director for Trinseo’s Latex Binders business. “When we designed it, our goal was to create an environment that would be conducive to the closest of collaboration with our customers and industry partners. We wanted to have state-of-the-art application testing and simulation capabilities installed and build a pool of application experts to run application programs effectively to support our innovation projects.
“The Application Development Center, coupled with our centralized synthesis R&D located at the same place, creates a technology and innovation powerhouse allowing us and our customers to jointly create winning solutions addressing both current and future market needs,” Hugentobler said.
The ADC is devoted to technology and innovation and includes four laboratories focused on innovation in the areas Trinseo supports: Coatings, Adhesives, Sealants, and Elastomers (CASE); Paper & Board; Textile & Carpet. The facility is co-located with one of Trinseo’s latex binders manufacturing plants, which produces materials for CASE and specialty paper and board applications.
The ADC is Trinseo’s first major expansion at Rheinmunster, a site acquired from The Dow Chemical Company in October 2019. It was built in this location to allow technology developed on site to move quickly into full-scale production and to be able to tap into manufacturing expertise.
As a supplier of latex binders for over 70 years, Trinseo is a leader in providing custom material solutions. As the demand for sustainable materials grow, the ADC will play an increasingly important role in accelerating innovation through shared learning with R&D facilities in Midland, Michigan and Dalton, Georgia in the United States and Shanghai, China in Asia Pacific.
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.