Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today marked the opening of its new pilot plant and solution-styrene-butadiene rubber (S-SBR) capacity expansion at Schkopau, Germany. Business leaders and dignitaries, among them Dr. Reiner Haseloff, Minister-President of Saxony-Anhalt, celebrated the opening, marking an important milestone for both Trinseo and the region of Saxony-Anhalt.
The corporation’s decision to open the new facility is triggered by the growth in global demand for S-SBR and by the need for faster innovation cycles in the performance tire market. The new pilot plant will design next generation material and deliver sufficient quantities of new S-SBR formulations as required for real-life tire-testing. The pilot plant’s ability to evaluate both process and product parameters meet the tire manufacturers’ need for reducing product validation time.
The production expansion adds additional 50 KT of S-SBR capacity to the Schkopau site and increases the company’s global S-SBR production by 33 percent. Most of Trinseo’s production goes into the tire industry, and the company has adopted the tire industry’s speed, innovation, reliability and forward-looking-approach.
“With this plant, Trinseo has the ability to react faster to customer demands and enable them to become technological leaders,” said Hayati Yarkadas, Trinseo Senior Vice President and Business President. “The new pilot plant and capacity expansion is consistent with our goal of increasing EBITDA by $100 million in our Latex Binders, Synthetic Rubber, and Performance Plastics segments from 2016 to 2019 businesses.”
Strong local commitment
The plant, with more than 500 staff members, is an important employer and economic factor in Saxony-Anhalt that has a strong focus on research and innovation. Trinseo is committed to maintaining this strong local presence and will continue to invest in the region in the future.
“I am particularly pleased about Trinseo's commitment to research and development. Innovations are the basis for further growth, which we urgently need to continue the positive economic development in Saxony-Anhalt,” confirmed Minister-President Dr. Reiner Haseloff.
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, appliances, consumer electronics, medical devices, electrical, building and construction, textile, paper and board, footwear and tires. Trinseo had approximately $4.4 billion in net sales in 2017, with 16 manufacturing sites around the world, and approximately 2,200 employees. For more information visit www.trinseo.com
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.