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 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 $3.0 billion in net sales in 2020, with 17 manufacturing sites around the world, and approximately 2,600 employees. For more information, please visit: www.trinseo.com.
Cautionary Note on Forward-Looking Statements
This press release may contain "forward-looking statements" including, without limitation, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts or guarantees or assurances of future performance. Forward-looking statements may be identified by the use of words like "expect," "anticipate," "intend," "forecast," "outlook," "will," "may," "might," "see," "tend," "assume," "potential," "likely," "target," "plan," "contemplate," "seek," "attempt," "should," "could," "would" or expressions of similar meaning. Forward-looking statements reflect management’s evaluation of information currently available and are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Factors that might cause such a difference include, but are not limited to those factors discussed in our Annual Report on Form 10-K, under Part I, Item 1A —"Risk Factors" and elsewhere in our other reports, filings and furnishings made with the U.S. Securities and Exchange Commission from time to time. As a result of these or other factors, our actual results may differ materially from those contemplated by the forward-looking statements. Therefore, we caution you against relying on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We undertake 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.