Trinseo (NYSE: TSE), a global material solutions provider and manufacturer of plastics, latex binders, and synthetic rubber, announced today its plans for a Thermoplastic Elastomers (TPE) pilot facility in Hsinchu, Taiwan. The TPE pilot facility emphasizes Trinseo’s growth strategy for TPEs globally and will serve customers in the Automotive, Consumer Electronics, Footwear and Medical markets. The pilot facility will be built at Trinseo’s existing manufacturing site in Hsinchu and will begin operation in 2020.
The investment in a state-of-the art TPE pilot facility in Asia Pacific is the next step of Trinseo’s TPE growth roadmap following the acquisition of Italian-based API S.p.A, in July 2017. Once the new pilot line in Hsinchu is operational, Trinseo will locally produce its custom engineered TPE and thermoplastic urethanes (TPU), including its leading bioplastics portfolio.
“The pilot facility demonstrates our commitment to offer a differentiated, globally available TPE portfolio to our customers in the automotive, consumer electronics, footwear and medical markets,” said Tim Stedman, Senior Vice President, Strategy and Corporate Development at Trinseo. “This investment in growth in the Asia Pacific region will further strengthen our ability to create growth synergies with customers between our rigid and soft-touch polymers.
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.
Trinseo Displays Material Solutions for Outdoor Living at the International Pool-Spa-Patio / Deck Expo in Las Vegas
December 01, 2023
Trinseo Announces Quarterly Dividend of $0.01 Per Share
November 16, 2023
Trinseo + COMMUNITY - Trinseo Hong Kong’s Floral Conservation Volunteer Activity
November 09, 2023