Name change reflects diverse product range, collaborative approach
with customers
BERWYN, Pa.--(BUSINESS WIRE)--
Styron, the global materials company and manufacturer of plastics, latex
and rubber, announced it has changed its name to Trinseo
(NYSE:TSE), effective February 1, 2015.
The name Trinseo comes from the word “intrinsic,” meaning something is
essential and belonging by its nature. The new company name reflects how
Trinseo’s technologies and materials play an intrinsic role in the
innovative and sustainable solutions that its customers require in
developing the next generation of products.
“The name Trinseo captures our commitment to deliver materials that
provide intrinsic value to our customers’ products,” said Chris
Pappas, President and CEO of Trinseo. “Customers approach us for help
with complex material challenges, and we collaborate and innovate with
them to design new applications and products together. Our new name of
Trinseo better reflects our breadth as a growing company with broad
global reach and a diverse portfolio of materials and technologies.”
The company will maintain the gold arrow icon in its new logo, along
with its current color palette and tagline of “Materials. Powering
Ideas.” The company had previously changed the name of some legal
entities; all legal entities around the world have now been renamed as
Trinseo.
About Trinseo
Trinseo is a leading global materials company and manufacturer of
plastics, latex and rubber, dedicated to collaborating with customers to
deliver innovative and sustainable solutions. Trinseo’s technology is
used by customers in industries such as home appliances, automotive,
building & construction, carpet, consumer electronics, consumer goods,
electrical & lighting, medical, packaging, paper & paperboard, rubber
goods and tires. Trinseo had approximately $5.3 billion in revenue in
2013, with 19 manufacturing sites around the world, and approximately
2,100 employees. More information can be found at www.trinseo.com.
Forward Looking Statements
This press release may contain “forward-looking statements” within
the meaning of the safe harbor provisions of the United States Private
Securities Litigation Reform Act of 1995. Words such as “expect,”
“estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,”
“plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,”
“potential,” “continue,” and similar expressions are intended to
identify such forward-looking statements. Forward-looking statements in
this press release may include, without limitation, forecasts of growth,
revenues, business activity, acquisitions, financings and other matters
that involve known and unknown risks, uncertainties and other factors
that may cause results, levels of activity, performance or achievements
to differ materially from results expressed or implied by this press
release. As a result of the foregoing considerations, you are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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Source: Trinseo