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Trinseo Inaugurates State-of-the-Art S-SBR Pilot Plant and Capacity Expansion of 50 KT in Schkopau, Germany

Company accelerates innovation in performance tire market

HORGEN, Switzerland - Wednesday, February 28, 2018

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.

About Trinseo

Trinseo (NYSE:TSE) is a global materials solutions provider and manufacturer of plastics, latex binders, and synthetic rubber with a focus on delivering innovative, sustainable, and value-creating products that are intrinsic to our daily lives. Trinseo is dedicated to making a positive impact on society by partnering with like-minded stakeholders, and supporting the sustainability goals of our customers in a wide range of end-markets including automotive, consumer electronics, appliances, medical devices, packaging, footwear, carpet, paper and board, building and construction, and tires. Trinseo had approximately $3.8 billion in net sales with 2,700 employees globally in 2019. For more information, please visit: www.trinseo.com.

Note on Forward-Looking Statements

This press release may contain “forward-looking statements” including, without limitation, statements concerning plans, objectives, goals, projections, expectations, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. Forward-looking statements may be identified by the use of words like “expect,” “estimate,” “will,” “may,” or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on the Company’s current expectations and assumptions regarding the impact from the COVID-19 pandemic, the Company’s business, the economy and other future conditions. Specific factors that could cause future results to differ from those expressed by the forward-looking statements include, but are not limited to, risks related to the ongoing impact of the COVID-19 pandemic and those discussed in the Company’s Annual Report for the year ended December 31, 2019 filed with the Securities and Exchange Commission (“SEC”), in subsequent Quarterly Reports on Form 10-Q and in other filings and furnishings made by the Company with the SEC from time to time. Other unknown or unpredictable factors could also have material adverse effects on the Company’s performance. As a result of these or other factors, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof and are not a guarantee of future performance. The Company undertakes 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.

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