Meeting growing customer demand for S-SBR in performance tires
BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo
(NYSE: TSE), a global materials solutions provider and manufacturer of
plastics, latex binders and synthetic rubber, today announced that it
will expand capacity for Solution-Styrene Butadiene Rubber (S-SBR). This
increased investment is a direct response to rising customer demand for
this critical technology, which is a key component in increasing energy
efficiency, safety and durability in performance tires.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20161024005250/en/
Trinseo's synthetic rubber solutions deliver high performance tires with optimal abrasion, wet grip and rolling resistance for fuel efficiency, reduced carbon dioxide emissions, safety and durability. (Photo: Business Wire)
The asset upgrade at Trinseo’s world-class synthetic rubber
manufacturing complex in Schkopau, Germany, will add 50 KT of S-SBR
capacity, increasing the company’s global S-SBR production by 33%. This
additional capacity is expected to be online in January 2018.
“This investment is in line with Trinseo’s strategy to grow our
Performance Materials businesses, in particular our S-SBR business,
which has seen very strong market demand,” said Hayati Yarkadas, Senior
Vice President and Business President, Performance Materials. “This
expansion in Schkopau is the fastest solution to meet our customers’
growing demand for our SPRINTAN™ Rubber products, as well as next
generation development grades of advanced S-SBR.”
Delivering Solutions for Sustainability and Consumer Trends
Trinseo’s SPRINTAN™ Advanced S-SBR Rubber grades provide a unique
combination of properties in tires: improved lower rolling resistance
for performance and fuel efficiency, as well as wet grip and durability.
As CO₂ emissions regulations and tire labeling requirements continue to
expand beyond the EU to other regions, there is a strong drive in the
automotive industry towards energy efficient tires. As a result,
consumers around the world are becoming more aware of how their choice
of tires affects the fuel efficiency of their cars. This consumer focus
is driving energy efficient tires as one of the most important trends in
sustainability globally.
“Our expansion of S-SBR is a direct response to customers’ demand, and
consistent with sustainability trends around the world,” said Samer
Al-Jabi, Global Business Director for Synthetic Rubber. “Tires with
reduced rolling resistance are in demand because they make vehicles more
fuel efficient, thereby reducing greenhouse gasses. SPRINTAN™ Rubber
products are another example of how Trinseo’s materials are intrinsic to
our customers’ products, providing technology that enables products to
address global sustainability trends.”
About Trinseo
Trinseo
(NYSE: TSE) is a global materials solutions provider and manufacturer of
plastics, latex binders, and synthetic rubber. We are focused on
delivering innovative and sustainable solution to help our customers
create products that touch lives every day — products that are intrinsic
to how we live our lives — across a wide range of end-markets, including
automotive, consumer electronics, appliances, medical devices, lighting,
electrical, carpet, paper and board, building and construction, and
tires. Trinseo had approximately $4.0 billion in revenue in 2015, with
15 manufacturing sites around the world, and more than 2,200 employees.
For more information visit 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161024005250/en/
Source: Trinseo