Completes two and a half year project aimed at inspiring growth and
modernizing production
BERWYN, Pa.--(BUSINESS WIRE)--
Trinseo,
(NYSE: TSE) the global materials company and manufacturer of plastics,
latex binders and synthetic rubber, announced today the opening of its
new Research and Development site in the city of Terneuzen, Netherlands,
as part of its huge investment into the company’s future.
By modernizing two existing technical support center and research lab
operations under one roof in Terneuzen, Trinseo has created a new
Plastics Research Center that will house 180 non-manufacturing
employees. This collaborative environment will help drive new plastics
innovations within the company.
“Trinseo has a track record built on successful customer-driven
innovations,” said Trinseo’s President and CEO, Christopher D. Pappas.
“This project will enable Trinseo to drive these developments forward
and extend our unique global asset base, helping us to serve our
customers even better across Europe and the rest of the globe.”
The new facility will combine Trinseo’s European Development Center for
Plastics with its supporting functions like Supply Chain, Environmental
Health & Safety, Quality and Procurement, forming one of the company’s
European logistical centers.
Trinseo already produces a range of products on the Terneuzen site,
including styrene monomer, polycarbonate,
PC/ABS,
ABS,
and Latex
Binders. These materials are produced to serve a range of
industries, including automotive,
construction
and consumer
products.
This new site will make the Terneuzen site the joint largest in Europe
alongside Schkopau, Germany and bring a range of knowledge and expertise
together; facilitating the creation of new innovations and providing a
significant investment in the company’s future.
“Previously employees were scattered all over the industry park,” said
Frans Kempenaars, director Trinseo Netherlands. “This new building works
as an enabler for cross-functional projects. The combination of the open
office space and the new Research & Development facility supports
Trinseo’s plans to grow the Performance Material division by $100
million between 2016 and 2019.”
The city of Terneuzen and many local partners have helped Trinseo to
realize this ambitious project, including facilitating infrastructure
and providing specialized support. These partners and local dignitaries
will be attending the opening celebration along with representatives
from Trinseo’s Executive Leadership Team to celebrate the project’s
success, both for Trinseo and the local area.
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 solutions 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 $3.7 billion in net
sales in 2016, with 16 manufacturing sites around the world, and nearly
2,200 employees. For more information visit www.trinseo.com.
Note on 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/20170927005164/en/
Source: Trinseo