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API and ICM Unveil Joint Development to Manufacture Sustainable High-Performance Textile Solutions

Companies meet increased customer demand for innovative and sustainable technical fabrics for the fashion and footwear industries

MUSSOLENTE, Italy - Tuesday, June 5, 2018

API, an Italian company specialized in the production of thermoplastic elastomeric compounds and bioplastics, which was acquired by global materials company Trinseo in July 2017, and ICM (Industria Chimica Mediterranea), a key player in the footwear and leather goods industry, today announced their joint development in innovative and sustainable technical fabrics.

The joint development facilitates the design, manufacture and marketing of high-performance and environmentally sustainable textile solutions for the fashion and footwear industries. The development’s textile products will be produced in a solvent-free and plasticizer-free manufacturing process.

“Joining forces enables us to accelerate technical innovation time to market and to reduce our product’s environmental footprint,” said API’s Business Unit Manager Giancarlo Busa. “Our partnership is the outcome both of an important research and development program and a substantial technological investment.”

“We have had great success in building this partnership,” says ICM’s General Manager Roberto Palmieri. “It enables us to pair decades of technical knowledge in the plastics, leather goods & footwear industry.”

ICM and API will provide a first glimpse of their new textile solutions at the 2018 Pitti Immagine Uomo international fashion fair from June 12-15 in Florence, Italy. VIP buyers at the trade fair, as well as a selection of VIP press members, will receive an exclusive shopping bag made of the partnership’s new fabrics.

Designer Sergio Colantuoni together with Pitti Immagine conceptualized the bag’s exclusive pattern and texture, supported in the final product by PROTER, a company specializing in the research and development of digital printing. The bag’s design was inspired by this year’s event theme – P.O.P. PITTI OPTICAL POWER, a visual and virtual celebration, presenting a pop vision and full color graphic world.

About API

API is an Italian company specialized in the production of thermoplastic elastomeric compounds and bioplastics. Founded in 1956, API has developed a deep and proven experience based on continuous research into innovative, customized compounds for a wide range of applications. API was acquired by global materials company Trinseo in July 2017. For more information visit www.APIplastic.com and http://www.trinseo.com/API-Plastic.

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, 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

About ICM

Industria Chimica Mediterranea was founded in 1952 and operates in the footwear and leather goods markets. It produces solvent borne and water borne adhesives, toe puffs, counters and interlinings for leather goods. Since 2015 the company has focused on developing films and TPU plates. For more information, visit www.icmediterranea.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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